Policy's Meaning and Purpose
Bits Coin is an officially registered organization operated by Aphrodite Communications N. V. and licensed by the government of Curacao. The organization adheres to all applicable international and national laws governing the gambling sector, including anti-money laundering regulations.
It is committed to providing a safe, secure, and reliable environment for all players. To achieve this, Bits Coin implements robust measures to verify each player's identity and prevent unauthorized access to its services and products. Key verification steps include identity confirmation using official documents and verification of payment methods.
Bits Coin casino reserves the right to amend or enhance its current policy to improve its effectiveness, always in compliance with European Union anti-money laundering regulations, specifically those enacted between 2015 and 2017. Users will receive prior notification of any updates, allowing them sufficient time to understand the revised procedures or provisions.
Money Laundering: Various Interpretations
This crime involves various definitions that might perplex some users. Thus, Bits Coin clarifies the primary interpretations of black money:
- The movement of money or property acquired through criminal activities, intended to disguise the origin of these assets or to assist the perpetrator
- The act of hiding the origin and whereabouts of funds obtained unlawfully
- Utilization, disposal, and transfer of currency with full awareness of its illegal nature
- Engagement, complicity, or encouragement in activities designed to acquire illegal funds
Client Verification
To ensure the client is not participating in money laundering, they must undergo a three-stage verification process
Step #1
At this stage, users must independently provide the necessary data for subsequent verification. Typically, this includes completing a specific form where clients enter their first name, last name, date of birth, email, mobile number, and address.
Step #2
In the second stage, the company will verify the accuracy and completeness of the information you provided in the first stage. This step is only required if you plan to deposit or withdraw more than $2,000. You must submit a photo of a document verifying your identity and complete a bank check to confirm ownership of the payment method.
Step #3
If the client deposits or withdraws over $5,000, additional verification will be required. In this situation, the user must specify the source of wealth and confirm their relationship with it.
Customer Identification Policy
A crucial component of the anti-money laundering policy involves a thorough verification of the client's identity. While the initial three verification steps focus solely on monetary transactions, the "know your customer" policy is designed to conduct a comprehensive review of the player.
After setting up a profile, clients must verify their identity by providing a document that confirms their personal details. It is essential that this photo clearly displays your first and last name, date of birth, country, city, and your photo. In case of any discrepancies, Khelo24Bet staff may request additional information
Customer Service
Users of Bits Coin can reach out to customer support for clarification of policy terms or to submit a complaint or suggestion. Please use the email address compliance@Bits Coin.com for this purpose