AML Policy
255% BONUS and 100 Free SpinsIntroduction to AML
Money laundering is the process of making illegally-gained proceeds appear legal by moving them through a complex sequence of banking transfers or commercial transactions. It is a serious financial crime that has severe economic and social consequences. At Highway Casino, we are dedicated to preventing and detecting money laundering activities to protect our platform and ensure the integrity of financial transactions.Objectives of AML
The primary objectives of our AML policy are as follows:- To prevent money laundering activities on our platform.
- To ensure compliance with local and international AML regulations.
- To report any suspicious activities to the appropriate authorities in compliance with legal requirements.
- To maintain a secure gaming environment for all players, free from the influence of financial crimes.
AML Measures and Procedures
Our AML policy includes the following measures and procedures:- Customer Due Diligence (CDD): We conduct thorough customer due diligence to verify the identity of our users. This includes confirming their name, date of birth, and contact information.
- Source of Funds Verification: We inquire about the source of funds used for gambling to ensure that they are legitimate and not derived from illegal activities.
- Suspicious Activity Monitoring: We continually monitor user activity for any suspicious patterns or behaviors that may indicate money laundering. If any such activity is identified, we investigate and take appropriate action.
- Customer and Transaction Reporting: In compliance with regulatory requirements, we report any suspicious activities or transactions to the appropriate authorities. We cooperate fully with these agencies in any investigation or reporting process.
- Risk Assessment: We conduct regular risk assessments to identify and mitigate the risks associated with money laundering on our platform. This includes assessing the risk level of our users and transactions.
- Record Keeping: We maintain records of user transactions and activity for a specified period as required by law. These records are securely stored and can be accessed only by authorized personnel.
- AML Compliance Officer: We appoint an AML Compliance Officer who is responsible for overseeing and enforcing our AML policies and procedures. The officer ensures that our platform remains compliant with AML regulations and reports any suspicious activities to the appropriate authorities.
- Employee Training: Our employees are well-informed about AML regulations and procedures. Regular training and awareness programs ensure that our team remains vigilant and up-to-date with the latest developments in AML and financial crime prevention.