Anti-Money Laundering (AML) Policy

Last Updated: June 2, 2025

1. Introduction

This Anti-Money Laundering (AML) Policy outlines how Betstrike prevents, detects, and reports money laundering and terrorist financing activities. By using our services, you agree to comply with this policy.

Betstrike is operated by 28 International Gaming Ltd, company registration number 16007, licensed and regulated by the Government of the Autonomous Island of Anjouan under License No. ALSI-202504011-FI1. We are committed to maintaining the highest standards of anti-money laundering compliance.

2. Our Legal Obligations

We comply with:

  • The Anjouan Anti-Money Laundering and Counter-Terrorist Financing Act
  • The Betting and Gaming Act of 2005 of Anjouan
  • International AML/CFT standards and best practices
  • FATF (Financial Action Task Force) recommendations

We are required by law to:

  • Verify the identity of all customers
  • Monitor transactions for suspicious activity
  • Report suspicious transactions to authorities
  • Maintain records for at least 5 years
  • Train our staff on AML procedures
  • Refuse service to customers from sanctioned countries

3. Customer Verification (Know Your Customer - KYC)

3.1 Account Types and Requirements

We offer three account types with different verification levels:

Unverified Account

  • Required: First name, last name, date of birth, country
  • Limitations: Cryptocurrency deposits only, cannot claim bonuses or convert bonus balance

Restricted Account (Soft KYC)

  • Required: First name, last name, date of birth, residential address
  • Access: Cryptocurrency and fiat deposits, can claim bonuses but cannot convert to withdrawable balance

Verified Account (Full KYC)

  • Required: Government-issued ID (passport, driver's license, or national ID card) verified through Sumsub
  • Access: All features including bonus conversion, virtual cards, and full withdrawal options

3.2 When Full KYC is Required

You must complete Full KYC verification when:

  • Your total deposits plus withdrawals reach $5,000
  • You want to convert bonus balance to main balance
  • You request certain withdrawal methods
  • We detect unusual activity on your account
  • Required by law or our risk assessment

3.3 Verification Process

To verify your account:

  1. Log into your account
  2. Navigate to account settings
  3. Select "Verify Account"
  4. Follow the Sumsub verification process
  5. Upload clear photos of your ID document
  6. Complete facial verification if requested

Verification typically takes 24-48 hours. We may request additional documents such as:

  • Proof of address (utility bill, bank statement)
  • Source of funds documentation
  • Bank statements or pay slips

4. Transaction Monitoring

We monitor all transactions for suspicious patterns including:

  • Unusually large deposits or withdrawals
  • Rapid movement of funds without gaming activity
  • Multiple small deposits followed by a large withdrawal
  • Deposits and withdrawals using different payment methods
  • Activity inconsistent with customer profile

4.1 Transaction Limits

  • Minimum withdrawal: $10
  • Withdrawal fees: No fees if deposit is wagered at least once; otherwise 8% fee (minimum $4)
  • All large or unusual transactions may be subject to enhanced review

4.2 Deposit and Withdrawal Methods

We accept:

  • Cryptocurrency (Bitcoin, Ethereum, Litecoin, USDT)
  • Fiat currency via approved payment processors
  • Virtual cards for verified accounts

All withdrawals must be made to the same payment method used for deposits where possible. Exceptions require additional verification.

5. Prohibited Activities

The following activities are strictly prohibited:

  • Using our services to launder money or finance terrorism
  • Making deposits from illegal sources
  • Using someone else's payment method
  • Creating multiple accounts to circumvent limits
  • Using our services from prohibited jurisdictions
  • Attempting to disguise the origin of funds

6. Restricted Countries

We do not accept customers from:

  • United States and its territories
  • United Kingdom
  • Austria, France, Germany, Netherlands, Spain
  • All FATF blacklisted countries
  • Countries under international sanctions
  • Any jurisdiction where online gambling is prohibited

Using VPNs or other methods to hide your location is strictly prohibited and will result in account closure.

7. Your Obligations

You must:

  • Provide accurate and truthful information
  • Use only your own payment methods
  • Notify us of any changes to your information
  • Cooperate with verification requests
  • Not use funds from illegal sources
  • Report any suspicious activity you observe

8. Suspicious Activity Reporting

If we suspect money laundering or terrorist financing, we are legally required to:

  • File a report with the Anjouan Financial Intelligence Unit
  • Freeze your account pending investigation
  • Not inform you about the investigation (tipping off is illegal)
  • Cooperate fully with law enforcement

9. Record Keeping

We maintain records of:

  • All customer identification documents
  • Transaction history for at least 5 years
  • Suspicious activity reports
  • Risk assessments
  • Training records

You have the right to request your transaction history, subject to legal restrictions.

10. Consequences of Non-Compliance

If you violate this AML policy, we may:

  • Immediately close your account
  • Freeze your funds
  • Report you to relevant authorities
  • Retain your deposits as required by law
  • Take legal action against you

11. Risk-Based Approach

We assess each customer's risk level based on:

  • Country of residence
  • Transaction patterns
  • Source of funds
  • Gaming behavior
  • Account verification level

Higher-risk customers may face:

  • Enhanced verification requirements
  • Lower transaction limits
  • More frequent monitoring
  • Request for source of funds documentation

12. Staff Training

All our employees receive:

  • Initial AML training upon hiring
  • Annual refresher training
  • Updates on new regulations
  • Testing every 6 months

Our staff are trained to identify and report suspicious activities.

13. Data Protection

While complying with AML requirements, we protect your personal data according to our Privacy Policy. Information collected for AML purposes is:

  • Used only for legal compliance
  • Shared only with authorized parties
  • Stored securely with encryption
  • Retained only as long as legally required

14. Updates to This Policy

We may update this policy to reflect changes in:

  • Legal requirements
  • Industry best practices
  • Our risk assessment procedures
  • Regulatory guidance

Check this page regularly for updates. Continued use of our services after changes means you accept the updated policy.

15. Contact Information

For questions about this AML policy:

  • Email: compliance@betstrike.com
  • Write to: 28 International Gaming Ltd, PO Box 1212, Hamchako, Mutsamudu, Autonomous Island of Anjouan, Union of Comoros

To report suspicious activity:

16. Cooperation with Authorities

We cooperate fully with:

  • Anjouan Gaming Commission
  • Financial Intelligence Units
  • Law enforcement agencies
  • International regulatory bodies

This cooperation includes sharing information as legally required and responding to official requests.

17. Conclusion

Money laundering and terrorist financing are serious crimes. We have zero tolerance for these activities. By maintaining strict AML procedures, we protect:

  • Our customers
  • Our business
  • The integrity of the gaming industry
  • The global financial system

Your cooperation with our AML procedures helps us maintain a safe and legal gaming environment for everyone.

By using Betstrike, you confirm that you understand and will comply with this Anti-Money Laundering Policy.

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