Money Laundering and the Fight Against It

Money laundering (ML) is the process of making illegally obtained funds appear legitimate, often from drug trafficking, terrorism or other crimes. Criminals disguise the source, change the form or move funds to avoid detection.

The fight against money laundering (AML) includes legal measures requiring financial institutions and regulated entities to prevent, detect and report ML activities.

An effective AML program requires:

• Relevant regulators and law enforcement have authority and tools to investigate ML cases.
• Financial institutions must identify clients, apply risk-based controls, keep records and report suspicious activity.
• Ability to exchange information with other jurisdictions when needed.

Regulation

Employees in the remote gambling industry must report any relevant information encountered:

• When they know something;
• When they suspect something;
• When they have reasonable grounds to know or suspect involvement in money laundering, terrorist financing, or use of criminally obtained funds.

This is referred to as actual knowledge or reasonable suspicion. Authorities require proof based on risk assessment.

Special Regulations

Rollino Casino ensures compliance with all business requirements and operates under a valid international gaming licence, allowing legal operation in the United Kingdom and international markets.

Crime, Violations, and AML Policy

The anti-money laundering (AML) policy includes the following principles and approaches:

• Development of control systems and measures matching business specifics and legal requirements
• Annual risk assessment for AML and application of adaptive, proportionate response methods
• Clear responsibility for AML policy implementation across all employees and management
• Regular review and evaluation of measure effectiveness
• Maintenance of transaction documentation meeting investigation requirements for money laundering and terrorist financing
• Providing training for employees involved in AML processes
• Allocating necessary resources and independence to designated AML officers

Risk Management

Risk assessment and management strategies are applied to counter money laundering and terrorist financing:

• Identification of ML/TF risks specific to activities
• Development and implementation of targeted policies and procedures to minimise and manage risks
• Continuous monitoring and improvement of control measure effectiveness
• Documentation of actions taken and justification of decisions

Focus remains on the most significant risks to guarantee maximum protection. The risk management policy is fully supported by management and staff and regularly reviewed for compliance with current requirements.

Suspicious Activity and Its Handling

Identifying and responding to suspicious activity is critical for secure transactions. User verification measures include:

1. Checking identity-verifying documents
2. Analysis of utility bills
3. Analysis of bank statements
4. Other methods to confirm source of funds and identity when required

Special attention is given to players with unusual deposit patterns. Thorough checks are conducted if suspicious activity signs are detected.

Reports of Suspicious Activity

Employees are required to report any suspicions related to money laundering or terrorist financing. Unauthorized disclosure or concealment carries legal consequences. Reports must remain confidential.

Withdrawal Procedure

Before carrying out a withdrawal, the client’s actions are checked to match their usual bets and transactions. Funds are returned via the same payment method used for the deposit.

Monitoring Process

Strict AML rules are followed. Any suspicions are actively monitored and addressed. Ignoring indicators of suspicious activity is not permitted.

Accounting and Control

An audit log is maintained to support financial investigations. The accounting system includes:

• Documentation and control of regulatory compliance by designated personnel
• Distribution of AML/CFT responsibilities among specialized employees
• Recording of cases where measures were not taken, with reasons
• Registration of customer identification and verification procedures
• Accounting for all significant business relationships and transactions
• Records of employee AML/CFT training programs
• Preparation and transfer of suspicious activity reports to appropriate authorities
• Interaction with law enforcement and national bodies on AML matters

This ensures transparency and compliance with financial crime prevention requirements.

Violations and Consequences

All employees are informed of legal consequences for violating laws, including:

• Failure to report suspicious activity, violating criminal proceedings and anti-terrorism legislation
• Criminal liability for improper or untimely disclosure of suspicious information
• Violations related to disclosing or investigating money laundering or terrorism
• Violations involving forgery, concealment, destruction, or mishandling of investigation documents

Employees understand the seriousness and potential criminal consequences, emphasizing compliance with legislation and internal rules.

Compliance with Fraud Prevention and Data Protection Norms

Fraudulent actions are strictly prohibited; detected fraud results in account blocking. Payment IQ service encrypts and stores all customer payment data; employees have no access to sensitive information. Extensive security measures include authentication systems, password policies, malware protection, intrusion prevention, and network security management.

Internal Accounting and Reporting

Know Your Customer principles are followed. Internal accounting ensures legislative compliance. Data on transactions, client actions, and suspicious activity reports is stored for six years after account activity ends.

Compliance with Fraud Prevention and Data Protection Norms

Fraudulent actions are strictly prohibited; detected fraud results in account blocking. Payment IQ encrypts and stores all payment data; employees have no access to sensitive information. Security includes authentication, password policies, malware protection, intrusion prevention, and network security management.

Know Your Customer (KYC)

By accepting the Terms, you consent to identity and contact checks by the company, third parties, or regulators. Withdrawal access may be restricted during verification.

False/incomplete information leads to immediate account blocking and service exclusion. Unconfirmed adult status freezes the account. Minors’ accounts are prohibited, operations canceled, winnings confiscated.