KYC and AML at 1win

KYC and AML are not just formalities but tools that help ensure fair and safe gaming for our users and 1win betting platform. Compliance with these international standards is the key to the security of our users and the transparency of financial transactions. Identity verification helps protect our users from fraud and prevents the laundering of illegal income. These processes are mandatory for us as a legal operator, which allows us to ensure a fair and safe game.

Familiarize yourself with 1win's KYC and AML policy.

Anti-Money Laundering(AML) refers to a comprehensive framework of regulations and actions designed to impede the act of concealing illicitly gained assets and to curb funding for terrorist operations alongside the manufacture of weapons of mass destruction. This encompassing process consists of several key aspects. These are identifying the parties involved in financial dealings, maintaining comprehensive documentation about their activities, income, and transactional details, and fostering seamless data exchange between diverse entities, including various organisations and governmental bodies.
Anti-money laundering measures include the following:

  • Customer identification and data verification (KYC — know your customer);
  • Real-time monitoring of financial transactions;
  • Analysing customer behaviour to identify unusual transactions;
  • Registration and archiving of information about financial transactions;
  • Informing the supervisory authorities about suspicious transactions (STR — suspicious transaction report);
  • Blocking or suspending suspicious transactions;
  • Blocking or freezing of the client’s financial assets until it is clarified.

The fight against money laundering also affects the interests of our users, so it is necessary to familiarise yourself with the following small obligations:

  • Compliance with the law. The User is required to comply with all applicable laws and regulations aimed at countering money laundering (AML) and terrorist financing, including the company’s internal AML policy;
  • Legality of the origin of funds. The User confirms that the funds used to replenish the account are not of illegal origin and are not related to illegal activities;
  • Providing information on request. The user is obliged, at the request of the company, to provide any information necessary to comply with AML legislation;
  • The right to refuse operations.The Company has the right to refuse to conduct any operation if there are reasonable suspicions of its connection with money laundering or other criminal activities. At the same time, user notification is not provided.

KYC (Know Your Customer) is a mandatory identification procedure that 1win conducts to verify the identity of its customers and assess the associated risks.
In other words, KYC is “Get to know your customer”, which includes:

  • Identity verification and risk level. The Company performs initial and subsequent verification of the client’s identity, depending on the potential level of risk associated with it;
  • Providing a valid identity card. Users should upload a scan or a clear photo of one of the passport, national identity card and driving license;
  • Identification and monitoring. The Company collects and stores user identification documents, as well as information about all account transactions and monitors suspicious activity.

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