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Anti-Money Laundering (AML) Policy

Last updated: 2026

Betamina Casino (operating under the domain betamina.ro and licensed by the Comoros AOFA authority) is fully committed to preventing money laundering, terrorist financing, and any other form of financial crime. This Anti-Money Laundering (AML) Policy outlines the principles, procedures, and controls applied by Betamina Casino to detect, deter, and report suspicious activity in line with international standards and applicable regulations.

1. Purpose and Scope

The purpose of this AML Policy is to establish a robust framework that ensures Betamina Casino is not used as a vehicle for money laundering, terrorist financing, or other illicit financial activity. This policy applies to all customers, employees, partners, payment processors, and third-party service providers associated with Betamina Casino.

2. Regulatory Framework

Betamina Casino operates under the licence of the Comoros (AOFA) and complies with all applicable AML/CFT laws and regulations. Our procedures are aligned with the recommendations of the Financial Action Task Force (FATF) and other internationally recognized standards governing anti-money laundering practices.

3. Definition of Money Laundering

Money laundering is the process of disguising the origin of money obtained through illegal activity to make it appear legitimate. It typically involves three stages:

  • Placement: Introducing illegal funds into the financial system.
  • Layering: Concealing the source through complex transactions.
  • Integration: Reintroducing the funds into the legitimate economy.

Betamina Casino strictly prohibits any activity falling within these stages and will report suspicious activity to the relevant authorities.

4. Know Your Customer (KYC) Procedures

To ensure compliance, Betamina Casino implements a comprehensive Know Your Customer (KYC) program. All players are required to verify their identity before making withdrawals and, in certain cases, before depositing funds. KYC documentation may include:

  • Valid government-issued photo ID (passport, national ID card, or driver's license).
  • Proof of address (utility bill, bank statement, or official document not older than 3 months).
  • Proof of payment method (copy of bank card, e-wallet screenshot, or bank statement).
  • Source of funds documentation, where applicable.

Betamina Casino reserves the right to request additional documentation at any point during the customer relationship to verify identity, source of wealth, or source of funds.

5. Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)

Standard Customer Due Diligence (CDD) is applied to all players upon registration. Enhanced Due Diligence (EDD) is performed in cases involving:

  • High-value transactions or large cumulative deposits/withdrawals.
  • Politically Exposed Persons (PEPs) or close associates of PEPs.
  • Players from high-risk jurisdictions as defined by FATF.
  • Unusual or suspicious transaction patterns.

6. Transaction Monitoring

Betamina Casino employs automated and manual systems to monitor player transactions on an ongoing basis. Suspicious patterns — such as rapid deposits and withdrawals without gameplay, structuring, or use of multiple accounts — are flagged for further investigation. Where required, the AML Compliance Officer will file a Suspicious Activity Report (SAR) with the appropriate authorities.

7. Prohibited Activities

The following activities are strictly prohibited at Betamina Casino:

  • Use of false identity or third-party accounts.
  • Use of funds from criminal or unlawful sources.
  • Use of stolen payment methods or fraudulent cards.
  • Operating multiple accounts to circumvent limits or bonuses.
  • Any form of chip dumping, collusion, or arrangement intended to disguise funds.

Violation of these rules will result in immediate account closure, confiscation of funds, and reporting to relevant authorities.

8. Record Keeping

Betamina Casino retains all customer identification records, transaction histories, and AML-related documentation for a minimum period of five (5) years after the end of the customer relationship, or longer if required by applicable law.

9. Staff Training

All Betamina Casino employees receive regular training on AML procedures, recognition of suspicious activity, and reporting obligations. Training is updated regularly to reflect changes in regulations, typologies, and best practices.

10. AML Compliance Officer

Betamina Casino has appointed a dedicated AML Compliance Officer responsible for overseeing the implementation of this policy, monitoring transactions, conducting internal audits, and liaising with regulatory authorities. The Compliance Officer reports directly to senior management.

11. Reporting Suspicious Activity

Where suspicious activity is identified, Betamina Casino will file a Suspicious Activity Report (SAR) with the relevant Financial Intelligence Unit (FIU). Players are not informed when such reports are filed, in accordance with applicable laws.

12. Cooperation with Authorities

Betamina Casino fully cooperates with law enforcement agencies, financial regulators, and other competent authorities in any investigations related to money laundering, terrorist financing, or other financial crime.

13. Player Responsibilities

Players are responsible for ensuring that all funds deposited at Betamina Casino come from legitimate sources. By using our services, players confirm that:

  • They are the rightful owner of the funds deposited.
  • The funds are not derived from any criminal or unlawful activity.
  • They will cooperate with KYC and verification requests promptly.

14. Updates to This Policy

This AML Policy may be updated periodically to reflect changes in regulations, internal procedures, or industry best practices. The latest version is always available on our website. Players are encouraged to review this policy regularly.

15. Contact

For any questions regarding our AML Policy, KYC requirements, or compliance procedures, please contact the Betamina Casino Compliance Team via our official support channels available on betamina.ro.

By using the services of Betamina Casino, players acknowledge that they have read, understood, and agreed to comply with this Anti-Money Laundering Policy.

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