Anti Money Laundering Policy
Bingo Café is licensed and regulated to offer games of chance by the Government of Curacao, under the master license No. 8084/JAZ ref. 2010-004.
Pursuant to its licence conditions, Bingo Café has put in place measures to prevent its systems from being used for the purposes of money laundering, terrorist financing or any other criminal activity.
Bingo Café is committed to preventing money laundering and combat the financing of terrorism in order to minimise and manage its reputational risk, legal risk and regulatory risk. It is also committed to its wider social responsibility in preventing crime by not allowing its systems to be used to commit crimes.
In order to adhere to Anti Money Laundering regulations and requirements, Bingo Café shall:
- appoint a designated Money Laundering Reporting Officer (MLRO) whose responsibility it is to report possible acts of money laundering to the authorities.
- take reasonable steps to establish the identity of any person for whom it is proposed to provide its service.
- keep at all times a secure online list of all registered Players.
- retain identification and transactional documentation for each Player.
- provide initial and ongoing training to all relevant staff so that they are aware of their personal responsibilities and the procedures in respect of identifying Players, monitoring Player activity, record-keeping and reporting any unusual/suspicious transactions.
- ensure that this policy is reviewed and maintained regularly.
- examine, as much as is possible, the background and purpose of any complex or large transactions or groups of transactions which are likely, by their nature, to be related to money laundering or the funding of terrorism.
- not accept or open anonymous Accounts or Accounts in fictitious names such that the true beneficial owner is not known.
- not register a Player who is under eighteen (18) years of age.
- only register a single account in the name of a particular person.
- transfer payments of winnings or refunds back to the same route from where the funds originated, where possible.
- not accept a wager unless a User Account has been established in the name of the Player and there are adequate funds in the Account to cover the amount of the wager.
- not accept a wager unless the funds necessary to cover the amount of the wager are provided in an approved way.
- not accept Players residing or playing from non-reputable jurisdictions.
- not accept cash from Players. Funds may be received from Players only by any of the approved methods.
- terminate a Player's registration if it becomes aware that a person has provided false information when providing due diligence documents.
- report any suspicion or knowledge of money laundering of terrorism financing to the authorities.
- cooperate with all relevant administrative, enforcement and judicial authorities in their endeavour to prevent and detect criminal activity.