Anti-Money Laundering Policy
BC.GAME is a trusted online casino operated by BlockDance B.V. and licensed by the Government of Curacao under number 5536/JAZ. The company complies with all international and national laws that ensure a safe and fair environment on the sites. One of them is anti-money laundering policies.
This document outlines the procedures that the organization will take to combat financial crime, the rights and responsibilities of users, and the company’s responsibilities. If a player uses the site, this means automatic acceptance of the rules. BC.GAME Pakistan management has the right to make additions and changes to the articles of the document, so users should check the relevant section from time to time for updates.
Definition
In order for users to understand what actions are prohibited on the site and fit into the category of financial crimes, they should study several interpretations of money laundering:
- Using funds that were obtained illegally when making a deposit;
- Concealing the real source of money through income sharing;
- Using legitimate monetary transactions to hide illegal funds.
Control measures
BC Game recognizes that operating a gaming website may involve risks of fraud, money laundering, or terrorist financing. Therefore, the main goal of the company is to identify and prevent criminal acts through the implementation of internal control measures. The organization continually modifies and improves this policy to ensure it is compliant with current legislation and is effective. BC.GAME Pakistan’s main measures to combat financial crime are:
- Carrying out the “Know Your Client” procedure, which consists of a comprehensive verification of the user’s identity;
- Assessment of company risks by independent audit institutions;
- Determining the list of players who are at risk;
- Determining the list of users for whom access to the site is fully or partially restricted;
- Drawing up reports for submission to the competent authorities.
Restrictions and limits
In order for the user to be able to withdraw money, they must win back the deposit amount at least once. The company will block the possibility of withdrawal until the player fulfills all the conditions.
Moreover, if the player makes the first withdrawal, BC.GAME Pakistan employees will request identification documents that confirm the fact of ownership of the means of payment. Additionally, in some cases, the user must provide a bank statement or explain the source of wealth.
