The policies against money laundering measures and the fight against terrorism are strictly followed by 1Win India, in addition to proper measures of protection against unlawful activities. Combating financial crimes is important for the organization, and, therefore, casinos shall act in accordance with the official authorities on reporting specific activities related to money laundering or terrorism financing. 1Win India can also freeze a user’s funds and implement additional AML policy actions if necessary.
Money Laundering
Money laundering typically involves the following actions:
- Hiding or maintaining confidentiality about the true origin, source, location, movement, ownership, or other rights to property obtained through illegal means.
- Converting, transferring, receiving, possessing, or using property derived from criminal activity to disguise its illicit origin.
- Managing assets acquired through illegal activities and providing support to individuals involved in crimes abroad to evade legal consequences.
To safeguard the economy and prevent crime, many nations actively combat money laundering and terrorist financing. The site adheres to internal regulations and special programs to support state and international efforts in this fight.
Your Responsibilities as a User
By registering on this website, users should commit to the following:
- Confirm not to violate any current anti-money laundering legislation and counter-terrorism financing legislation as well as the adopted AML policy.
- Users confirm that they have no knowledge or suspicion that the funds added to their account, past, present, or future, have been obtained from an illegal source or are in any way related to illegal activities that are prohibited by applicable AML policy.
- Agree to promptly provide any information required to comply with applicable anti-money laundering regulations.
1Win India, however, saves identification documents and maintains a record of all transactions performed on the site. To prevent fraudulent activities, the bookmaker checks user accounts for several transaction types and pays close attention to the activities by special circumstances.
This site also has the right to cancel transactions at any stage if they seem related to money laundering or any criminal act commitment. According to international legislation, there is no legal requirement to disclose suspicions or reports made to state authorities to the users.
Measures and Monitoring
1Win India takes various measures to follow all the AML laws and regulations:
- Identification and Record Keeping. Collection of your identification documents, as well as maintaining records of all transactions relating to your account.
- Transaction Monitoring. Tracking transactions that are looked upon as suspicious and transactions that are made under certain conditions.
- Right to Refuse Transactions. As for the policies, the site does not allow any transaction if it has even a slight relation with money laundering or any other crime. It is in 1win India policy not to notify a user that their activity has been reported to the authorities as suspicious.
With these measures, the platform keeps users in check and maintains a proper system to deal with AML-related crimes.
Identity Verification
1win conducts thorough identity checks to find the potential risks associated with each user.
- Data Collection. To complete the identity verification process, the bookmaker only asks for some basic details such as the user’s full name, date of birth, registration address or residential address, and source of funds.
- Verifying Documents. To verify the personal details presented a user may be asked to submit documents like an identification card or passport that contains the user’s name, DOB, photograph, and which was issued in their country.
- Retention of Records. Keeping a log of documents to support the identification process, the mode of verification, and the outcomes of the game.
- Terrorist Lists. Verifying user identities against watch lists of terrorists that are suspected by government and independent associations.
By maintaining these measures, 1Win India ensures secure and compliant gameplay, contributing to global efforts against money laundering and terrorist financing. 1Win appreciate your cooperation and understanding in upholding these standards and helping us maintain the integrity of the platform.