AML Policy 

Money laundering is a global issue that poses risks to the financial industry and society at large. It is the process of making illicitly obtained funds appear legitimate by concealing their true source. Money laundering often supports criminal activities, including drug trafficking, fraud, and terrorism. Our AML policy aims to prevent the use of our services for money laundering or terrorist financing.

AML Compliance

Shazam Casino is fully committed to compliance with anti-money laundering laws and regulations. Our AML policy is designed to ensure that we meet our legal and ethical obligations while maintaining a secure and transparent gaming environment.

Legal and Regulatory Framework

Our AML policy is developed in compliance with various national and international regulations and guidelines, including but not limited to the Financial Action Task Force (FATF) recommendations and local AML laws. We strictly adhere to these requirements in our AML efforts.

Data Collection

As part of our AML procedures, we collect the following types of data:

  • Personal Information: This includes details such as your name, date of birth, and contact information, which we use to verify your identity.
  • Financial Information: We may collect financial information related to your payment methods to detect and prevent money laundering activities.
  • Transaction Data: We monitor and analyze transaction data to identify unusual or suspicious patterns that may be indicative of money laundering or terrorist financing.
  • Customer Due Diligence (CDD): In line with CDD requirements, we may request additional identification documents and proof of address to verify the identity of our users.

AML Process

Our AML procedures involve the following steps:

  • User Registration: During registration, we collect personal information to establish your account.
  • Risk Assessment: We assess the risk associated with each user and transaction to determine the level of due diligence required.
  • Customer Due Diligence (CDD): We perform customer due diligence as necessary, which may include requesting identification documents and proof of address.
  • Transaction Monitoring: We continuously monitor transaction data for unusual or suspicious activities.
  • Enhanced Due Diligence (EDD): In some cases, we may conduct enhanced due diligence to assess higher-risk transactions or users.
  • Record Keeping: We maintain records of all AML-related activities, including customer due diligence, risk assessments, and transaction monitoring.

Data Protection and Security

We prioritize the protection of your data and employ robust security measures to prevent unauthorized access, disclosure, alteration, or destruction. Our security measures are designed to maintain the confidentiality and integrity of your data.

Reporting Obligations

In compliance with regulatory requirements, we have a legal obligation to report any suspicious transactions or activities related to money laundering or terrorist financing to the appropriate authorities. We will cooperate fully with these agencies in any investigation or reporting process.

Training and Awareness

Our employees are well-informed about AML regulations and procedures. Regular training and awareness programs ensure that our team remains vigilant and up-to-date with the latest AML developments.

Access to AML Data

Access to AML data is limited to authorized personnel who require it for AML purposes. We ensure that all employees and agents handling your data are well-informed about data protection and privacy regulations.

Changes to this AML Policy

We may update this AML Policy to reflect changes in AML procedures, legal requirements, or operational needs. You will be notified of any changes by posting the updated policy on this page.

Contact Us

If you have any questions or concerns regarding our AML Policy or your personal data, please contact us at [email protected].

At Shazam Casino, we are committed to maintaining a transparent and compliant gaming environment, free from money laundering and terrorist financing activities. Your cooperation and understanding of our AML efforts are greatly appreciated. Thank you for choosing us as your trusted gaming destination.