Kyc

KYC and AML Policy

Ffbet applies comprehensive customer due diligence, identity verification, source of funds assessment, and ongoing monitoring to all customers. This policy governs onboarding, data handling, and all interactions on the Ffbet platform in accordance with applicable AML/CFT laws and supervisory expectations.

Scope and Regulatory Basis

This policy applies to every person who uses Ffbet services and to all products and geographies where Ffbet operates. Ffbet's AML program is designed to comply with the national and international standards applicable to remote gaming entities and is subject to the oversight of the relevant competent authority. The framework includes customer due diligence, transaction monitoring, record-keeping, and reporting obligations as required by law.

Risk-Based Approach and KYC Tiers

Ffbet applies a risk-based model to identify, assess, and mitigate financial crime risks. Onboarding assigns customers to one of four verification tiers based on cumulative activity and risk indicators.

  1. Level 0 – No Verification: Customers may make deposits up to USD 2,000 in total without submitting documents. Withdrawals are disabled until Level 1 verification is completed.
  2. Level 1 – Basic Identity: Required before the first withdrawal. Collect full name, date of birth, residential address, country of residence, and a valid email. Data must match details used by payment processors; inconsistencies will block withdrawals and may lead to loss of funds.
  3. Level 2 – Identity Verification: Triggered when lifetime deposits or withdrawals exceed USD 2,000, or when transfers to another user exceed USD 100. Verification steps: government-issued photo ID (front and back), a selfie holding the ID, and proof of address. Electronic verification checks are conducted; if verification fails, a manual review is initiated and withdrawals remain on hold until resolved.
  4. Level 3 – Source of Funds: Triggered when cumulative deposits or withdrawals exceed USD 50,000, or user activity exceeds related thresholds (e.g., tipping another user more than USD 3,000). Evidence of source of funds may include payslips, bank statements, inheritance documentation, investment statements, or other credible documentation. A 28-day window is provided to supply requested materials; failure to comply may result in account limitation or closure.

Documentation and Verification Requirements

At minimum, Ffbet requires identity verification via a legible government-issued document showing the holder's name and date of birth, along with a clear selfie of the customer holding the document next to their face. Address verification requires documents issued within the last three months and showing the customer's name and residential address. All documents must be in Latin characters when applicable, and information must be readable without obstructions.

Proof of Address

Acceptable proofs include utility bills, bank or credit card statements, or government correspondence dated within the last three months. Documents must clearly show the customer’s name, address, and the issuing date, with all edges visible and text legible.

Source of Funds

Ffbet may request evidence demonstrating that funds originate from legitimate activities. Acceptable evidence includes employment income documentation, business ownership records, bank statements, inheritance documents, investment statements, or other credible documentation. If a satisfactory explanation is not provided, Ffbet may suspend or terminate the business relationship.

Onboarding, Verification Flow and Handling of Exceptions

On onboarding, customers are guided through an identity verification flow via an on-screen wizard. Data collected are used for identity verification and to establish risk profiles. If automated checks indicate a risk discrepancy or fail, a manual review is performed. Withdrawals may remain paused pending verification outcomes.

Ongoing Monitoring and Risk Management

Ffbet maintains ongoing monitoring of customer activity and applies a risk-based approach to update risk classifications with product changes, new markets, or changes in customer behavior. Geographical and business risk are periodically reassessed, and the AML program is updated accordingly. Suspicious activity is investigated and, where warranted, reported to the competent authority in accordance with law.

Record-Keeping and Data Retention

Customer-identification records are retained for at least six years after the end of the business relationship. Transaction records are retained for at least ten years after execution or account closure. Records are stored in secure, access-controlled repositories with encryption where feasible, and retained in accordance with applicable law.

Data Security and Privacy

Ffbet implements technical and organizational measures to protect personal data, prevent unauthorized access, and ensure confidentiality. Data may be disclosed only with the customer's explicit consent, or as required by competent authorities to comply with AML obligations, and in accordance with applicable data protection laws and customary data-handling standards.

Governance and Roles

Ultimate responsibility for Ffbet's AML policy rests with the Director. An AML Compliance Officer oversees day-to-day implementation and reports directly to senior management. Any material amendments to this policy require approval by the AML Compliance Officer and the Board of Directors prior to implementation.

Communications, Notices and Timelines

Customers will be notified when additional documentation is required. Once notified, customers have 28 days to supply the requested materials. If the materials are not provided within the timeframe, Ffbet may apply account limitations, suspend activity, or close the account in accordance with applicable law and internal procedures.

Age Restriction and Responsible Gaming

Underage gambling is strictly prohibited. Ffbet applies responsible gaming measures to prevent underage participation and to assist players who may be at risk of gambling-related harm.

Contact and Support

For questions about this policy or to initiate verification-related communication, contact Ffbet Support at [email protected].

Amendments

Ffbet reserves the right to revise this policy. Material amendments require approval by the AML Compliance Officer and the Board of Directors and will be communicated to customers in accordance with applicable law.