AML — Anti-Money-Laundering Policy of Almabet
Almabet is operated by Alma Solutions Ltd., licensed and regulated in Anjouan, Union of the Comoros. The site operates under license number ALSI-112405014-FII and complies with all regulatory standards for gaming and financial integrity.
The core aim of the AML policy is to protect users through strict identity verification procedures and to ensure that all payment methods used are legitimate. The company tailors its controls based on nationality, payment type, and withdrawal method.
Almabet follows EU standards for AML, including Directive 2015/849 and Regulation 2015/847. The platform applies relevant laws and restrictions, including EU sanctions and Belgian legislation on money laundering and cash limitations.
Definition of Money Laundering
Money laundering involves disguising the origin of illegally obtained funds. This can occur through transferring, hiding, or possessing money derived from crime. It also includes participating in or facilitating such activities. These offenses are treated as money laundering even if the initial crime took place in another country.
Organization of the AML for Almabet
General management in Anjouan has responsibility for AML enforcement. The AML compliance officer (AMLCO) is given authority to oversee and implement the AML policies.
Any significant amendment to the AML policy must be reviewed and approved by both general management and the AMLCO in order to assure compliance with governing regulations.
Three Step Verification
Verification is mandatory for all users to ensure secure use of services and to comply with anti-money laundering regulations.
Step one verification is required for any user wishing to withdraw funds. It includes completing a form with personal information such as full name, birth date, gender, and address.
Step two verification is triggered when a user deposits or withdraws more than $2,000. At this point, a photo ID must be submitted, including a handwritten six-digit code. The ID data must match the user’s submitted information. If discrepancies arise, proof of residence such as a registration certificate is requested.
Step three verification is required for transactions over $5,000 or peer-to-peer transfers over $3,000. Users must provide a valid source of wealth, which may include income, business ownership, or inheritance.
Customer Identification and Verification (KYC)
Know Your Customer (KYC) procedures require users to verify their identity with a photo ID accompanied by a handwritten number. A second photo of the user’s face is also required. Users can blur non-essential ID details but must leave name, date of birth, nationality, gender, and photo visible. Staff may conduct additional manual checks when needed.
Proof of Address
Proof of address is usually verified electronically through two databases. If this fails, users can submit documents such as a utility bill, bank statement, or a government-issued letter, issued within the last three months. These documents must be legible, complete, and show the user’s address clearly.
Source of Funds
Users who deposit over €5,000 are required to disclose the origin of their funds. Acceptable sources include employment, business ownership, family assistance, investment returns, or inheritance. Almabet may request supporting documents and may freeze accounts if the source of funds is unclear. Users may also be asked to verify their identity through bank wire or credit card transactions.
Risk Management
Countries are classified into three risk categories to tailor verification processes.
- Low-risk regions follow the standard three-step verification as outlined.
- Medium-risk regions have lower thresholds for verification. Step two begins at $1,000 for deposits or withdrawals, and $500 for tips. Step three is required at $2,500 for deposits or withdrawals, and $1,000 for tips. Additionally, users from low-risk regions who convert cryptocurrency to another currency are treated as medium-risk.
- High-risk regions are entirely banned. This list is reviewed and updated regularly to reflect changing global conditions.
Additional Measurements
An AI system supervised by the AMLCO monitors user behavior for anomalies. Suspicious patterns include frequent deposits and withdrawals without gameplay, use of different bank accounts, and inconsistent personal or transaction data. Employees manually review flagged activity to ensure compliance. Withdrawals must use the same method as deposits to avoid illicit fund movement.
Enterprise-Wide Risk Assessment
Almabet conducts an annual enterprise-wide risk assessment (EWRA) to evaluate risks across its services, customer base, transaction types, and regional operations. This assessment helps guide the company’s AML policy and ensures that new threats are identified and addressed proactively.
Ongoing Transaction Monitoring
Monitoring takes place on multiple levels. First, trusted payment providers apply their own AML controls to block high-risk transactions at the source. Second, all staff interactions with customers involve due diligence. Transaction requests or inquiries related to payment instruments trigger additional scrutiny.
The three-step verification process ensures full visibility into user identity and transaction history. Employees, overseen by the AMLCO and general management, review all transactions, especially those that appear atypical or unexplained. Any activity inconsistent with known customer behavior is flagged and investigated further. These checks are conducted by both automated systems and human employees.
Reporting of Suspicious Transactions on Almabet
Employees are trained on when and how to report suspicious activity. All atypical transactions are reviewed by the AML team. If needed, a report is filed with the Financial Intelligence Unit (FIU). Based on findings, the company may terminate business relationships with high-risk users.
Procedures
Detailed AML and KYC procedures are maintained internally and made accessible to relevant employees. These include step-by-step instructions for compliance and enforcement.
Record Keeping
Identification data is stored for ten years after a customer relationship ends. Transaction records are also retained for ten years after completion. All information is encrypted and stored both online and offline in secure systems.
Training
Employees involved in financial processes undergo mandatory AML training tailored to their roles. New hires receive academic sessions on AML principles. Training is delivered by AML experts and updated in line with current laws and industry best practices.
Auditing
Internal audit teams periodically review AML operations and report on compliance. These audits help maintain the integrity of the company’s financial safeguards.
Data Security
Customer data is fully protected and never sold or shared unless legally required or necessary for AML enforcement. Almabet adheres to Directive 95/46/EC on data protection and ensures all personal information is stored securely.
Contact
For any questions or complaints regarding AML or KYC procedures, customers can contact support via [email protected] email.
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