AML & KYC Policy

Last updated: 1 January 2025. Betura's policy on Anti-Money Laundering and Know Your Customer procedures.

1. Purpose

Betura Holdings Ltd. is committed to preventing money laundering, terrorist financing, and other financial crimes. This policy sets out our obligations and procedures under applicable AML legislation.

2. Know Your Customer (KYC)

We verify the identity of all customers before allowing withdrawals, and in some cases before deposits above certain thresholds. We may request:

  • Government-issued photo ID (passport, national ID card, driving licence)
  • Proof of address (utility bill or bank statement dated within 3 months)
  • Source of funds documentation for high-value transactions
  • Proof of payment method ownership

3. Enhanced Due Diligence

Enhanced KYC is required for politically exposed persons (PEPs), high-value customers, and transactions from high-risk jurisdictions. We may request additional documentation including source of wealth declarations.

4. Transaction Monitoring

All transactions are monitored for suspicious activity. Red flags include: structuring transactions to avoid reporting thresholds, unusual betting patterns, rapid deposits and withdrawals with minimal gaming activity, and use of multiple payment methods.

5. Suspicious Activity Reporting

Our compliance team files Suspicious Activity Reports (SARs) with the relevant Financial Intelligence Unit when required. We are legally prohibited from tipping off customers who are the subject of a SAR.

6. Record Keeping

All KYC records and transaction data are retained for a minimum of 5 years from the end of the business relationship, in compliance with applicable AML legislation.

7. Prohibited Jurisdictions

We do not accept customers from FATF blacklisted jurisdictions or countries sanctioned by the EU, UN, or OFAC. Our geolocation and IP filtering systems block access from such territories.

8. Staff Training

All Betura staff involved in customer-facing roles receive regular AML/KYC training. A dedicated Money Laundering Reporting Officer (MLRO) oversees our compliance programme.

Contact

For AML/KYC queries, contact our compliance team at compliance@betura.casino.