1. Purpose
GoldenAura Casino is committed to preventing money laundering and terrorist financing. This Anti-Money Laundering (AML) Policy outlines our procedures to detect and prevent financial crimes.
2. Customer Due Diligence
We perform Know Your Customer (KYC) checks on all players. This includes verifying identity, address, and source of funds where appropriate. Enhanced due diligence is applied to high-risk customers.
3. Transaction Monitoring
All transactions are monitored for suspicious activity. Unusual patterns such as frequent deposits and withdrawals without gaming activity, large transactions, or structuring may trigger additional review.
4. Record Keeping
We maintain records of all customer identification documents, transactions, and suspicious activity reports for a minimum of 5 years as required by law.
5. Suspicious Activity Reporting
If we identify suspicious activity, we will file reports with relevant authorities. We are prohibited from informing customers that they are subject to such reports.
6. Employee Training
All staff receive regular AML training to identify and report suspicious activity. Our compliance team stays updated on regulatory changes and emerging threats.
7. Risk Assessment
We conduct ongoing risk assessments to identify and mitigate money laundering risks. This includes evaluating customer risk profiles, geographic risks, and product risks.
8. Cooperation with Authorities
We fully cooperate with law enforcement and regulatory authorities in investigations related to money laundering or financial crimes.
9. Consequences of Violation
Attempted money laundering will result in immediate account closure, forfeiture of funds, and reporting to authorities. Legal action may be pursued.