Anti-Money Laundering Policy
ElonBet Casino Bangladesh is operated by Sknet Tech Ltd., which has an official registration number of 000042585 and is located at Sea Urchin Street, San Pedro, Ambergris Caye, Belize. The company is licensed under the Computer Gaming Licensing Act 007 of 2005. In order for the casino to continue to operate smoothly in Bangladesh, it must comply with several legal obligations. For example, the company must ensure a safe environment on the website and Elon Casino app free from financial crimes. For this purpose, ElonBet Casino has created an anti-money laundering policy.
In the document, users can find out what the company means by money laundering, what measures it takes to combat it and what are the obligations of players. In order to avoid misunderstandings, each gamer should study the provisions of this policy in advance. If a gambler does not agree with the rules, then they should find another gaming website.
Definition
ElonBet Casino Bangladesh considers money laundering to be an activity that attempts to make funds obtained through illegal activities appear legitimate. Therefore, the company carefully checks all transactions for suspicious activity.
Deposit and Withdrawal Rules
To ensure the security and transparency of transactions, the casino has established the following rules:
- The company does not accept payments from the accounts of friends or relatives;
- The user guarantees that the funds used were obtained legally;
- The player can only use the payment method that belongs to them;
- To withdraw funds, the gamer must use the same payment method as for making a deposit;
- The user is obliged to pass all the company’s checks to carry out financial transactions.
Know Your Customer
ElonBet Casino Bangladesh has the right to check all transactions for fraud, money laundering, and terrorist financing. To do this, the company uses the Know Your Customer procedure. This process allows the casino not only to ensure the security of transactions but also to identify users. Know Your Customer must be completed by every gambler whose deposit exceeds ৳635,000 or when making the first withdrawal. The casino can also require a player to undergo verification at any time if they are suspected of illegal activities.
Step-by-step guide
In order to successfully pass verification and make smooth payments, the player must go through three main steps.
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1
Step #1
At this stage, the gamer must confirm their identity by following several rules. Here’s what they should do:
- Provide a photo of a document that proves their identity;
- The document must contain the user’s signature;
- The document must indicate the full name as at registration;
- The document must not expire in 3 months.
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2
Step #2
After successfully verifying their identity, the gambler must confirm their residential address. To do this, they must do the following:
- Provide a photo of a bank statement or a paid utility bill;
- The player’s full name in the document must match that in the ID;
- Documents must be no older than 3 months.
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3
Step #3
The last thing the user must do is provide a selfie with the identification document. The person in the selfie must be the same as the person in the photo of the identification document.
Verdict
After the player sends all the documents to the customer support service, it will take from several hours to several days to review the application. If the manager approves the verification, the gambler will be able to make money transactions. The company can also temporarily refuse approval if the player needs to provide additional data. If the gamer does not fulfill the employee’s conditions, then they will receive a verification refusal.
