Anti-money laundering policy
Shazam Casino Australia is operated by Alistair Solutions N.V., which has an appropriate operating license. As part of its legal obligations, the company is required to combat money laundering and create a secure website environment.
To this end, Shazam Casino Australia has developed a policy that outlines the basic user verification and the company’s obligations. Each player who starts a game on the website automatically agrees to comply with all rues and go through all the necessary procedures.
Definitions
Australian gamers must clearly understand what is meant by money laundering:
- This is the transfer of funds that were obtained illegally in order to conceal their real origin;
- This is the concealment of the origin or location of rights in respect of property and funds that are known to have been obtained as a result of criminal activity;
- Participating in, instigating, facilitating, and advising on any of the items listed above.
Measures and efforts implemented by Shazam Casino
As part of the company’s policy, it appoints an Anti-Money Laundering Compliance Officer. It is under the responsibility of the General Management. This employee can use artificial intelligence to help identify unusual and suspicious behavior of gamblers.
Anti-money laundering officers also independently identify suspicious activity using modern electronic analytical systems. This will allow them to notice deposits and withdrawals without wagering, attempts to use someone else’s payment method, or withdrawal of money through a method other than making a deposit.
Company risk assessment
Shazam Casino Australia regularly conducts risk assessments of its operations. After this, the anti-money laundering policy is modified under the identified risks, which consist of providing specific services to Aussie players.
Users should be aware that this document may be subject to change from time to time. Therefore, they should follow all the updates on the official website. If they do not agree with the adjustments, then they should stop using the company’s services.
Transaction monitoring
The company constantly analyzes financial transactions made by gamers for suspiciousness:
- Firstly, Shazam Casino cooperates only with those payment system providers that support anti-money laundering policies and also use methods to block suspicious transactions;
- Secondly, the company conducts a comprehensive verification of not only the player’s identity but also their account;
- Thirdly, if fraud is detected during a manual check by employees, all information will be transferred to the authorities.
Record keeping
Shazam Casino Australia is required to retain all identification data for at least 10 years after the termination of the legal relationship with the gambler.
Records of all transactions must also be stored for at least 10 years after the completion of the banking operation or termination of the legal relationship with the player.
All private details will be protected and stored in encrypted form.
Online casino staff training
To ensure that each employee can contribute to the fight against money laundering, they undergo annual training. All employees who deal with finance must be trained under the latest changes in legislation as part of this policy.
In addition, all new employees must have enough knowledge about the anti-money laundering fight. Classes are conducted by a relevant specialist who works in Shazam Casino Australia.
Verification rules and requirements
Shazam Casino Australia has a three-step verification procedure:
- All new users must go through the first stage when making their first withdrawal. In this case, the gamer must provide full name, date of birth, gender, country and residential address;
- The second stage goes to those players who make a deposit or withdraw more than A$2,000. Until they go through this verification stage, they will not be able to complete the transaction. At this stage, the gambler must send a photo of the document that proves their identity. In addition, electronic address verification is carried out here through two banks;
- Those users who make a deposit or withdraw more than A$5,000 go through the third stage of verification. In this step, the player must indicate and confirm the source of wealth.
Source of funds
If the gamer deposits or withdraws more than A$5,000, then they must verify the source of the wealth. It could be:
- Business ownership;
- Job;
- Investments;
- Inheritance.
