AML Policy at 1xbet

1xbet takes all necessary measures to combat illegal money laundering and terrorist financing. The operator also applies internal rules and special programs of measures to help governmental and international organizations combat money laundering and terrorist financing.

To fulfill its anti-money laundering obligations, 1xbet is obliged to submit any information to the relevant official authorities if it is established that a Client has made transactions with funds obtained as a result of illegal activities. All funds of such Clients will be blocked until the circumstances are clarified.

Money Laundering

Money laundering refers to the concealment of any information relating to money or other property obtained illegally. This includes the true origin, source, location, location and movement, ownership and other rights to the property. Money laundering also includes the process of converting, receiving, possessing and using any illegally obtained property, as well as assisting those intentionally involved in criminal activity to avoid the legal consequences of their actions. The situation where any property obtained in the territory of other countries as a result of criminal activity may also be classified as money laundering.

Obligations of 1xbet Client in respect of AML Policy

By creating an account with 1xbet, you agree to be bound by the following obligations:

  • To comply with all applicable anti-money laundering and anti-terrorist financing laws and regulations, including this AML policy;
  • You confirm that you have no knowledge or suspicion that the funds used to make a deposit are from an illegal source and are in any way linked to money laundering;
  • You agree to 1xbet’s first request to provide the necessary documents proving your identity and any other information required by 1xbet to fulfill its obligations related to money laundering and terrorist financing.

KYC 

1xbet requires users to undergo a KYC (KYC) identity verification process. This is done by the current AML policy, for legal reasons and as part of the requirements of the Curaçao gambling license held by the company. The moment a user undergoes KYC verification, 1xbet will collect and store the user’s identity documents, as well as records of all transactions made on their account. 

Other things that 1xbet customers need to know about the KYC procedure:

  • The Company conducts regular reviews of transactions carried out by Clients to monitor suspicious account transactions;
  • The Company may refuse to process any monetary transaction in case of suspicion that the funds used in the transaction are related to money laundering or other criminal activity;
  • The Company has the right, without prior notice to users, to pass information about their suspicious activity to the appropriate official authorities;
  • The Company conducts initial and ongoing background checks on Users by AML’s internal policies and by the level of potential risk associated with each User;
  • The Company has the right to request identification documents from each of the Users. In this case, all data and documents provided, as well as the how they were provided, will be retained;
  • All personal data of our Users are subject to verification against the list of persons suspected of financial terrorism.
  • To identify the Client, 1xbet may require verification documents such as a passport, ID card or other document containing the name, date of birth and photo of the document holder and issued by state authorities.

Providing Security to Users

1xbet understands the importance of providing a secure gaming environment for users, as well as the methods necessary to ensure the confidentiality, integrity and availability of information. All information received from users during registration and use of the platform’s services is encrypted using 128-bit SSL encryption technology and stored in a password-protected database. 1xbet also takes all necessary measures to ensure the security of the company’s partners, subsidiaries, agents, affiliates, and other gambling service providers. 

By using the 1xbet service, 1xbet customers assume full responsibility for the provision of personal information via the Internet, as the transfer of information in this way is not completely secure. 1xbet takes measures to secure and protect user data only after receiving it. 

Protection of Minors

The 1xbet services are not intended for persons under the age of majority (18 years of age or the legal age of majority in their respective jurisdiction). Persons registering an account on the 1xbet platform confirm that they are at least 18 years of age or over the legal age of majority in their respective jurisdiction. 

1xbet may conduct additional security checks to detect attempts by underage persons to create accounts on the platform. If such checks reveal that a person under the age of majority has attempted or provided personal information through 1xbet’s services, the company will take all necessary steps to remove the submitted information from its records. 

Relationship with Third Party Organizations

1xbet has no authority to protect users’ personal information that has been submitted by them to third-party websites that link to 1xbet services. It is beyond 1xbet’s competence to protect any information collected by any third party managing it under the 1xbet affiliate program or otherwise, as these third parties are managed independently of 1xbet.