Anti-Money-Laundering Policy

1st Class Bet Ltd is committed to preventing money laundering and the financing of terrorism. We comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017) and the Proceeds of Crime Act 2002, and with the AML obligations imposed on operators by the UK Gambling Commission.

Customer due diligence

We verify the identity of every customer before their first deposit using a regulated identity provider. We carry out enhanced due diligence on customers who present higher risk, including but not limited to: politically exposed persons, customers in higher-risk jurisdictions, and customers depositing or withdrawing larger amounts.

Source of funds and source of wealth

Where we have reasonable grounds to require it, we will request evidence of source of funds or source of wealth. We may decline to accept a deposit, decline a bet, or hold a withdrawal pending receipt of satisfactory evidence.

Cryptocurrency-specific controls

All inbound crypto deposits are screened against on-chain analysis for sanctioned addresses, mixers, and known illicit-source addresses. Deposit addresses flagged at any risk tier are rejected and the customer is informed.

Reporting

We file Suspicious Activity Reports (SARs) with the National Crime Agency where required. We do not disclose the existence of a SAR to the subject of the report.

DRAFT. Final policy pending MLRO appointment and review.