Purpose and scope
Dhaka888 maintains this Anti Money Laundering and Counter Terrorism Financing policy to comply with applicable AML/CFT laws. It applies to all customers, payments, and account activity conducted through the Dhaka888 platform.
Legal framework and compliance
Dhaka888 will comply with the AML/CFT laws in force. The company has implemented an internal AML Program with governance, risk assessment, and controls designed to detect and deter money laundering and the financing of terrorism and to maintain public confidence in the financial system.
Risk based customer due diligence and KYC
Dhaka888 applies a risk based approach to customer due diligence. Customers are categorized by risk level based on factors including geography, source of funds, purpose of activity, and nature of products used. Initial due diligence is conducted at onboarding and ongoing due diligence is performed during the relationship.
- Identity verification: obtain and verify government issued identity information such as full legal name, date of birth, and address.
- Residential address verification: provide a recent utility bill or official document showing name and address, not older than 3 months.
- Source of funds and source of wealth: provide evidence of legitimate funds to support deposits and wagering.
- Account purpose and expected activity: describe typical transactions and expected activity.
Information collection and verification
Dhaka888 will collect information necessary to verify identity and assess AML/CFT risk. You must provide accurate information and promptly update any changes. If information is incomplete or unverifiable, Dhaka888 reserves the right to restrict or suspend account access, decline transactions, or terminate the relationship.
Ongoing monitoring and transaction screening
Dhaka888 monitors account activity and transactions on an ongoing basis. Transactions that trigger risk indicators, including unusual patterns, large or rapid deposit and withdrawal activity, or transfers inconsistent with the customer profile, will be reviewed. Suspicious activity will be reported to the appropriate authorities in accordance with applicable laws and may result in account restrictions or closure.
Enhanced due diligence
High risk customers and activities require enhanced due diligence. This includes heightened verification, extended scrutiny of source of funds, closer monitoring, and potential temporary limits on activity. Categories of high risk include politically exposed persons, residents of high risk jurisdictions, and customers with complex or opaque ownership structures.
Recordkeeping and data retention
Dhaka888 maintains records of all KYC information, transactions, and AML monitoring activities for a minimum period of seven years after the termination of the customer relationship or the completion of the last relevant transaction, in accordance with applicable law. Records include identity documents, verification results, and evidence of reporting as required.
Customer obligations and rights
Customers must cooperate with Dhaka888's verification requests and promptly provide documentation. Deposits, withdrawals, and transfers must originate from legitimate sources. Dhaka888 reserves the right to decline transactions or terminate the relationship if the customer fails to meet AML/CFT requirements or if information cannot be verified.
Reporting and cooperation with authorities
Dhaka888 will file Suspicious Activity Reports and other required disclosures in accordance with the AML/CFT regime. The company may cooperate with law enforcement and regulators and will provide information as permitted by applicable law, subject to privacy protections.
Policies and notices
This AML policy operates in conjunction with the Terms and Conditions, Privacy Policy, Cookies Policy, and Responsible Gaming Policy. In case of conflict, the AML policy prevails to the extent required by law and regulatory obligations.
Governing law and policy updates
Dhaka888 reserves the right to amend this policy. Updates will be communicated to customers as required by law, and continued use of the platform constitutes acceptance of the policy in force at the time of use.