Leovegas casino is committed to the highest standards of anti-money laundering (AML) compliance. This AML Policy outlines the measures we take to prevent money laundering, terrorist financing, and other illegal activities on our platform. It is our legal and ethical responsibility to detect and report suspicious activities in accordance with applicable laws and regulations.
1. Purpose
The purpose of this policy is to:
- Prevent the use of Leovegas for money laundering or the financing of terrorism
- Establish procedures for customer due diligence (CDD)
- Identify and report suspicious activities
- Ensure compliance with all relevant AML legislation, including the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (New Zealand)
2. Scope
This policy applies to all Leovegas operations, including:
- All customers and users of our services
- All employees, contractors, and agents
- All platforms and channels operated by Leovegas
3. Customer Due Diligence (CDD)
We carry out CDD procedures to verify the identity of our customers, including:
- Full name, date of birth, and residential address
- Valid government-issued identification documents
- Source of funds and/or wealth where appropriate
Enhanced due diligence (EDD) is applied in higher-risk situations, such as:
- Politically Exposed Persons (PEPs)
- High transaction volumes or unusual patterns
- Customers from high-risk jurisdictions
4. Know Your Customer (KYC)
As part of our KYC process, we may request:
- Proof of identity (passport, driver’s license, etc.)
- Proof of address (utility bill, bank statement, etc.)
- Verification of payment methods
Failure to provide the required information may result in account restrictions or closure.
5. Monitoring and Reporting
We continuously monitor customer activity to detect suspicious behavior. This includes:
- Large or rapid deposits and withdrawals
- Irregular betting patterns
- Multiple accounts linked to the same identity or IP address
Suspicious activities are reported to the appropriate regulatory authorities, including the Financial Intelligence Unit (FIU) of New Zealand.
6. Record Keeping
We retain all CDD, transaction, and suspicious activity records for a minimum of 5 years, as required by law.
7. Training and Awareness
All relevant staff receive AML training, including:
- Recognizing suspicious behavior
- Understanding legal obligations
- How to report concerns internally
Regular training updates ensure our team stays informed of the latest AML developments and compliance practices.
8. Risk Assessment
Leovegas regularly conducts risk assessments to:
- Identify potential AML threats
- Adjust controls and policies accordingly
- Maintain effective mitigation strategies
9. Cooperation with Authorities
We fully cooperate with law enforcement, regulatory bodies, and financial institutions when investigating potential criminal activity.
10. Contact Information
If you have any questions regarding this AML Policy, please contact:
Leovegas
Email: [email protected]
Address: 34 Moray Place, Central Dunedin, Dunedin 9016, New Zealand
Leovegas is committed to maintaining a transparent, secure, and compliant gaming environment.
