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Anti-Money Laundering (AML) Policy
Yeni.Bet – operated by Coldmind Solutions LTD
1. Introduction
Yeni.Bet and its operator, Coldmind Solutions LTD, are committed to preventing any activity related to money laundering and terrorist financing. We strictly adhere to international AML standards and best practices, and take necessary measures to identify and mitigate associated risks.
2. Objectives
This AML Policy aims to:
Prevent the use of Yeni.Bet as a channel for money laundering
Comply with legal and regulatory AML requirements
Ensure a risk-based approach in customer due diligence (CDD)
Report any suspicious activity to the relevant authorities (if applicable)
3. Customer Due Diligence (CDD)
Yeni.Bet implements a Know Your Customer (KYC) program which includes:
Verifying the identity of all customers using reliable, independent sources
Identifying the source of funds for deposits and withdrawals
Ongoing monitoring of customer activity for unusual patterns
4. Risk Assessment
Customers are categorized based on risk levels. High-risk accounts may undergo enhanced due diligence (EDD), including more in-depth verification procedures or transaction limits.
5. Record Keeping
We maintain detailed records of all customer identity documents, transaction history, and AML reports for a minimum of 5 years, in line with applicable legal obligations.
6. Monitoring and Reporting
Yeni.Bet has internal controls in place to monitor transactions. Any suspicious transactions will be reported to the relevant financial intelligence unit (FIU) where applicable.
7. Staff Training
All relevant staff are trained on AML procedures, detection of suspicious activities, and the importance of compliance with legal obligations.
8. Prohibited Activities
Yeni.Bet strictly prohibits:
Third-party deposits or withdrawals
Use of anonymous or fictitious identities
Transactions from jurisdictions listed under international AML sanctions
9. Policy Review
This AML policy is reviewed annually or whenever there is a significant change in regulatory requirements.
10. Contact
For questions regarding this AML policy, please contact:
[email protected] (placeholder email address)