AML and CTF policy #

Shiva Entertainment Online SRL: AML / CTF Policy

1. Policy Statement:
Our online casino is committed to preventing money laundering and any activity that facilitates money laundering or the funding of terrorist or criminal activities. We are committed to comply fully with all AML/CTF laws and regulations in Latin America and Kahnawake Mohawk Territory.

2. Risk Assessment:
We will regularly undertake risk assessments to identify the risks of money laundering and terrorist financing associated with our products and services. These assessments will be used to inform our AML/CTF procedures and controls’ compliance officer (MLRO).

3. Customer Due Diligence:
We will implement robust customer due diligence (CDD). This will include verifying customers’ identity, understanding the nature of their business, and assessing the risks they pose.

4. Monitoring and Reporting:
We will continuously monitor customer transactions to detect suspicious activities. Any unusual or suspicious activity will be reported to the relevant authorities in accordance with regulatory requirements.

5. Record Keeping:
We will keep all necessary records related to customer identification, transactions, and reporting for at least five years or as required by applicable laws and regulations.

6. Training:
We will provide regular AML and CTF training to all relevant employees. This training will cover our policies and procedures, the risks of money laundering and terrorist financing, and how to identify and report suspicious activities.

7. Compliance Officer:
We will appoint a dedicated MLRO who will be responsible for the implementation and oversight of our AML/CTF policies and procedures.

8. Auditing:
We will conduct regular audits of our AML/CTF policies and procedures to ensure their effectiveness and compliance with all applicable laws and regulations.

9. Sanctions Compliance:
We will screen our customers against international and local sanctions lists and will not do business with individuals, that are subject to sanctions.

Policy Enforcement Point

1. Introduction
The policy enforcement point (PEP) is a crucial component of our online casino platform that ensures compliance with regulatory requirements and internal policies. This document outlines the key aspects of our PEP system to promote responsible gambling and maintain a safe and secure environment for our players.

2. Responsible Gambling Measures
2.1 Age Verification: The PEP verifies the age of all players during the registration process to ensure that only individuals above the legal gambling age are allowed to participate.

2.2 Self-Exclusion: The PEP provides a self-exclusion mechanism that allows players to voluntarily exclude themselves from accessing our casino platform for a specified period. This feature helps players manage their gambling habits and promotes responsible gambling practices.

2.3 Deposit Limits: The PEP enables players to set deposit limits on their accounts to control their spending and prevent excessive gambling behavior. Players can adjust these limits based on their personal preferences and financial capabilities.

2.4 Cooling-Off Periods: The PEP supports cooling-off periods, where players can take a temporary break from gambling by suspending their accounts for a specific duration. This feature encourages responsible gambling and provides players with a chance to reflect on their gambling activities.

2.5 Responsible Gambling Resources: The PEP provides access to responsible gambling resources, including educational materials, helpline numbers, and links to support organizations. We are committed to promoting responsible gambling and providing assistance to players who may developgambling addiction issues.

3. Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Measures
3.1 Player Identification: The PEP implements robust player identification procedures in compliance with anti-money laundering regulations. It verifies the identity of players during the registration process and periodically revalidates their information to ensure the integrity of the platform.

3.2 Transaction Monitoring: The PEP monitors all financial transactions on the platform to detect and prevent suspicious activities related to money laundering. It analyzes transaction patterns, identifies red flags, and reports any suspicious transactions to the relevant authorities, as required by law.

3.3 Know Your Customer (KYC): The PEP enforces a comprehensive KYC process to gather necessary information about players, including their identity, source of funds, and other relevant details. This helps in assessing the risk profile of players and ensures compliance with AML regulations.

4. Security and Privacy
4.1 Data Protection: The PEP adheres to strict security and privacy measures to safeguard player data. It employs encryption, access controls, and other industry-standard practices to protect sensitive information from unauthorized access or disclosure.

4.2 Fraud Prevention: The PEP incorporates advanced fraud detection mechanisms to identify and prevent fraudulent activities on the platform. It continuously monitors player behavior, transaction patterns, and other indicators to detect and mitigate potential security threats.

4.3 Incident Response: The PEP has a robust incident response plan in place to address security incidents promptly. It includes procedures for reporting, investigating, and resolving security breaches, ensuring minimal disruption to the platform and its users.

5. Compliance Reporting
The PEP generates regular compliance reports that summarize the platform’s adherence to regulatory requirements and internal policies. These reports provide valuable insights into responsible gambling practices, AML compliance, security measures, and any corrective actions taken to address non-compliance issues.

**Identification Policy
**
1. Introduction
This Identification Policy outlines the procedures and requirements for player identification at our online casino. We are committed to maintaining a secure and trustworthy gambling environment while complying with regulatory standards and best practices.

2. Player Identification Process
2.1 Registration: During the registration process, players are required to provide accurate and complete information, including personal details such as name, date of birth, place of birth, current address, and contact information. This information is essential for establishing player accounts and ensuring compliance with legal and regulatory obligations.

2.2 Document Verification: To verify the identity of players, our online casino employs a robust document verification process. Players are requested to submit valid identification documents, which may include government-issued identification cards, passports, or driver’s licenses. These documents are securely stored and used solely for identification purposes.

2.3 Age Verification: It is mandatory for all players to be of legal gambling age in their respective jurisdictions. Our identification process includes age verification procedures to ensure that only individuals who meet the minimum age requirements are allowed to participate in gambling activities.

2.4 Know Your Customer (KYC): Our online casino follows a comprehensive KYC process to gather necessary information about players. This includes verifying the source of funds, conducting enhanced due diligence for high-value transactions, and assessing the risk profile of players. KYC procedures are implemented to prevent money laundering, fraud, and other illicit activities.

3. Data Privacy and Security
3.1 Confidentiality: We treat player identification information with the utmost confidentiality. Personal data collected during the identification process is securely stored and accessed only by authorized personnel who require it for legitimate purposes, such as regulatory compliance and customer service.

3.2 Data Protection: We implement strict data protection measures to safeguard player information. This includes utilizing secure servers, encryption technologies, access controls, and regular security audits to ensure the integrity and confidentiality of personal data.

3.3 Limited Retention: Player identification information is retained only for the necessary period as required by legal and regulatory obligations. Once the retention period expires, we ensure secure deletion or anonymization of personal data to protect player privacy.

4. Compliance Reporting
Our online casino maintains comprehensive records of identification processes and compliance activities. We generate regular compliance reports to monitor adherence to regulatory requirements and internal policies. These reports assist in identifying any gaps or areas for improvement in our identification procedures and ensure a continuous commitment to compliance.

5. Continuous Monitoring and Improvement
We are committed to continuously monitoring and improving our identification policies and procedures. This includes staying updated with evolving regulations and industry best practices to enhance the effectiveness of our identification process and maintain a secure gambling environment.