This right implies the duty of the PLAYSER to comply with the proper anti-money laundering procedures. Developed anti-money laundering policies to ensure that company personnel comply with applicable laws and regulations when engaging in foreign exchange services to clients.
1. Company is subject to the International Money Laundering Abatement and Anti-Terrorist Financing
We are subject to the International Money Laundering Abatement and Anti-Terrorist Financing and regulations based on that legislation and our anti-money laundering policies procedures are designed to meet the requirements of the legislation by minimizing the opportunity for customers to engage in money laundering activities through transactions in the gaming markets.
2. The measures that the company applies to Combat the Laundering of Proceeds from Crime
2.1. PLAYSER LTD. is committed to regularly update its electronic system for inspection of suspicious transactions and for verification of client identification records, in accordance with any new regulations as they are promulgated, as well as providing training for its employees on enhancements to anti-money laundering procedures that may be required by new regulations.
2.2. PLAYSER LTD. is committed to comply with AML/CFT in accordance with the best standards of international law, and it is expected that officials and employees will adhere to these standards in preventing the use of its products and services for money laundering purposes.
2.3. To comply with AML/CFT best practices requirements, PLAYSER LTD. must conduct a customer due diligence in order to determine the true identity of each client as well as to determine that customer behavior is in line with the customer profile. The customer profile shall be established when a customer due diligence is conducted at the outset of the business relationship with the customer. The level of customer risk is assessed in line with the customer profile.
3. Customer due diligence
3.1. Core customer due diligence applies to all of our clients and requires two forms of identification:
1) Picture identification, i.e. a passport or driver s license, and
2) Address identification, i.e. phone bill or utility bill that confirming customer s address
3.2. Documents are provided via sending e-mail on firstname.lastname@example.org.
3.3. The company checks documents within three calendar days.
3.4. In case of successful completion of the verification, the account acquires the status of "verified", in case of a negative decision, the account is blocked.
3.5. The company does not accept money from an unverified account.
4. Suspicious transaction
4.1. Suspicious transactions are those that have no business or apparent lawful purpose, are unusual for the customer, or lack any reasonable explanation.
4.2. A few examples of “suspicious transactions” are:
• A customer engages in extensive, sudden or unexplained wire activity (especially wire transfers involving countries with bank secrecy laws);
• A customer makes a funds deposit followed by a request that the money be wired out, (in and out).
• For all company accounts, a determination of whether any transaction or series of transactions is suspicious will depend on the customer and the particular transaction(s) compared with the customer s normal business activity. All accounts will be monitored for suspicious activity every 30 days.
4.3. Company does not accept third party funds. Also, incoming and outgoing bank wires must be from or to a banking institution having the customer s name on the account.
4.4. If suspicious transactions are detected, the account is blocked.
No account will be allowed to trade until all account documents have been received and processed. If we are unable to verify the identity of the individual or entity, the account will be rejected. If it becomes apparent after an account has been funded that the sources provided were fraudulent or the circumstances have changed and cannot be verified, all trades will be closed and the account closed immediately.
Company does not accept third party funds. All deposits and withdrawals must be from and to the same bank account.
Company will monitor all accounts for suspicious activity. Anything causing concern must be reported to senior management within one business day.
KNOW YOUR CUSTOMER POLICY
maintain the highest level of security, we require all our members to provide
us with certain documentation in order to validate their accounts.
Please note that the identification procedures shall be done before a cardholder starts operating and using the services of our merchants.
Why do I need to provide documentation?
are several reasons:
We are committed to providing a socially responsible platform for online gaming. All of our members must be 18 or older and we are bound by our licensing agreement to verify this.
Secondly, as a respected online and global company it is in our interests to guarantee maximum security on all transactions.
Thirdly, our payment processors require that our policies are in line with international banking standards. A proven business relationship with each and every member is mandatory for the protection of all parties. Our licensing agreement also obliges us to comply with this.
Finally, by ensuring that your account details are absolutely correct, the inconvenience of missing payments can be avoided. It can take weeks (and sometimes months) to trace, recall and resend using the correct information. This lengthy process also results in additional fees from our processors.
WHAT DOCUMENTS DO I NEED TO PROVIDE?
PROOF OF ID: A color copy
of a valid government-issued form of ID (Driver s License, Passport, State ID,
or Military ID)
PROOF OF ADDRESS: A copy of a recent utility bill showing your address
Note: If your government Id shows your address, you do not need to provide further proof of address.
Additional documentation might be required depending on the withdrawal method you choose
When do I need to provide these documents?
We greatly appreciate your cooperation in providing these at your earliest pos