Kyc Policies

Purpose and Scope

Ffbet maintains this AML and KYC policy to prevent money laundering, financing of terrorism, and other illicit activities. The policy applies to all accounts opened on the Ffbet platform and governs all deposits, wagers, and withdrawals. Account access is limited to the registered individual; credential sharing is prohibited and may result in restriction or termination of the account and withholding of funds.

Regulatory Framework

Ffbet operates under the supervision of a competent regulatory authority and complies with applicable anti-money laundering and countering the financing of terrorism laws. The policy is designed to reflect ongoing regulatory changes and is reviewed at regular intervals to maintain effectiveness.

Identity Verification and Documentation

All customers must provide valid identification and proof of address before engaging in wagering or financial transactions on the platform. Verification proceeds as part of the customer onboarding process and may be extended at the discretion of Ffbet where additional checks are warranted.

• Identity documents: Government-issued documents such as a passport, national ID card, or driver's license. Documents must be valid and legible; copies may be required, including front and back where applicable.
• Proof of address: Recent utility bill, bank statement, or similarly recognized official document showing the customer’s name and current residential address, issued within the last three (3) months.
• Proof of payment method: Documentation that verifies ownership of the funding source used to open and maintain the account, consistent with the deposited amount and method.

Account Ownership and Personal Use

The account must be opened in the name of the individual user. Accounts are for personal use only; sharing, loaning, or transferring access to third parties is prohibited. Breach may result in account suspension, closure, and withholding of funds.

Verification Timeline and Consequences

Upon registration, customers have a 30-day period to complete the verification process. Verification steps may be completed via the secure user portal, with additional documentation requested as needed. Failure to verify within 30 days will result in account restrictions, potentially limiting functionality and access. Withdrawals are available only for verified accounts.

Enhanced Due Diligence

Ffbet may apply Enhanced Due Diligence (EDD) to customers identified as high-risk or where risk indicators warrant deeper checks. EDD may include supplementary identity checks, additional documentation requests, third‑party verifications, or other lawful methods.

Ongoing Monitoring and Suspicious Activity Reporting

Ffbet conducts ongoing monitoring of customer activity and transactions to identify unusual or suspicious behavior. Transactions that exceed 10,000 USD within a 24-hour period will receive enhanced scrutiny and may trigger further verification steps. Suspected illicit activity or potential violations will be reported to the appropriate authorities in accordance with legal obligations.

Withdrawals and Payouts

Withdrawals are permitted only for verified accounts. If verification is incomplete or withdrawn funds are tied to non-compliant activity, Ffbet may suspend, delay, or refuse such withdrawals in accordance with this policy and applicable law.

Record Keeping and Data Retention

Ffbet maintains all customer identification and transaction records for the period required by applicable laws and regulatory requirements. Records are stored securely and protected in line with data protection obligations.

Compliance Governance and Reporting

A designated Compliance Officer is responsible for implementing and enforcing the AML/KYC framework, ensuring timely reporting of suspicious activities to the relevant authorities, and maintaining effective internal controls and audit readiness.

Employee Training

Ffbet provides regular training to employees on AML and KYC procedures, including red flags, documentation requirements, record-keeping, and reporting obligations. Training occurs on a scheduled basis and after policy updates.

Third-Party Service Providers

All third-party service providers engaged by Ffbet must comply with AML/KYC policies and procedures and furnish information and reports as legally required. Third parties must apply equivalent due diligence and reporting standards.

Policy Review and Updates

The AML and KYC policy is reviewed regularly and updated to align with legal changes, regulatory expectations, and industry standards. Material updates will be communicated to customers as required by law and policy.