Introduction
Wildz Casino is committed to the highest standards of Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) compliance. This AML Policy outlines the measures we take to prevent, detect, and report any activities that may relate to money laundering or the financing of terrorism. The policy complies with all applicable laws and regulations in New Zealand and international standards.
Brand Name: Wildz Casino
Website: wildzlogin.co.nz
Email: [email protected]
Address: Cumberland Street, Central Dunedin, Dunedin 9016, New Zealand
1. Purpose
The primary purpose of this AML Policy is to ensure that Wildz Casino has effective systems in place to detect and prevent the use of our platform for money laundering or terrorist financing. This includes monitoring transactions, reporting suspicious activities, and implementing customer due diligence (CDD) procedures.
2. AML Compliance Officer
Wildz Casino has designated an AML Compliance Officer responsible for:
- Overseeing the implementation of AML policies and procedures.
- Ensuring compliance with applicable AML laws and regulations.
- Reporting any suspicious transactions to relevant authorities.
- Coordinating with law enforcement agencies when necessary.
- Training staff on AML and CFT procedures.
3. Customer Due Diligence (CDD)
Wildz Casino follows stringent CDD measures to verify the identity of customers and assess the risk of money laundering. This includes:
- Verifying the customer’s identity through official documents (e.g., passport, driver’s license).
- Confirming the source of funds when necessary.
- Monitoring high-risk customers and transactions.
- Applying Enhanced Due Diligence (EDD) for high-risk accounts and large transactions.
a. Verification Requirements
- Full name
- Date of birth
- Residential address
- Valid photo ID (passport, national ID card, or driver’s license)
- Proof of address (utility bill or bank statement not older than three months)
4. Monitoring and Reporting Suspicious Activity
Wildz Casino employs robust monitoring systems to detect unusual or suspicious transactions, including:
- High-value deposits or withdrawals
- Rapid or frequent transactions from unknown sources
- Unusual patterns of gameplay or wagering
- Transactions with politically exposed persons (PEPs)
All suspicious transactions are reported to the New Zealand Financial Intelligence Unit (FIU) promptly, and accurate records are maintained for auditing and regulatory purposes.
5. Record Keeping
Wildz Casino retains records related to customer identification and transactional data for a minimum period of 7 years. These records include:
- Copies of customer identification documents
- Transaction logs and financial statements
- Records of suspicious activity reports (SARs)
- Internal communications and compliance checks
6. Training and Awareness
We conduct regular training programs for employees to ensure they understand their responsibilities under this AML Policy. Training includes:
- Identifying and reporting suspicious transactions
- Understanding AML laws and regulations
- Knowing how to detect potential red flags related to money laundering
7. Risk Assessment
Wildz Casino conducts comprehensive risk assessments to evaluate potential vulnerabilities in our operations. This assessment covers:
- Customer risk factors
- Transaction risk factors
- Geographic risk factors
- Product and service risk factors
Based on the assessment, appropriate measures are implemented to mitigate identified risks.
8. Non-Compliance and Penalties
Failure to comply with AML requirements may result in disciplinary action, including termination of employment or business relationships. Violations are reported to relevant regulatory authorities, and legal actions may be pursued.
9. Policy Review and Updates
The AML Policy is reviewed annually or as required to accommodate regulatory changes and operational improvements. Updates are communicated to all relevant personnel to ensure consistent compliance.
For any queries or concerns regarding this policy, please contact us at [email protected].
