Kyc & Aml Policies

Scope and Purpose

This KYC and AML Policy applies to all customers onboarding with Ffbet, and to all operations conducted on the Ffbet platform. It establishes the minimum standards for customer identification, ongoing due diligence, transaction monitoring, and related controls designed to detect and deter money laundering and the financing of terrorism. By registering an account or continuing to use our services, you acknowledge and agree to comply with this Policy and related procedures.

Regulatory Framework and Objectives

Ffbet operates in accordance with applicable anti‑money laundering (AML) and counter‑terrorist financing (CTF) laws and regulations. The objectives are to verify customer identity, assess and mitigate money‑laundering risk, monitor financial activities for unusual patterns, and report suspicious activity to the competent authorities when required. The Company maintains a risk‑based approach, applying enhanced controls for higher‑risk customers and transactions.

Definitions

For the purposes of this Policy: - Money laundering means concealing or disguising the origin of funds derived from illegal activity as legitimate assets. - Terrorist financing refers to the provision or use of funds to support terrorism, irrespective of the funds’ origin. - Beneficial owner means the natural person who ultimately owns or controls a customer and/or the funds used for a transaction. - Politically exposed persons (PEPs) are individuals who are or have been entrusted with prominent public functions, along with their immediate family members and close associates. - Customer due diligence (CDD) and enhanced due diligence (EDD) describe the level of scrutiny applied based on risk assessment.

Customer Identification and Verification (KYC)

On onboarding, Ffbet shall establish the customer’s identity and assess the risk of money laundering or terrorist financing. Minimum identification information to be collected includes: - Full legal name, date of birth, and current residential address; - Valid and verifiable contact details (email and phone number); - Payment method ownership details (credit/debit cards, bank accounts, e-wallets); - A unique account credential set (username and password).

Documents to verify identity and address will be requested as part of the due diligence process. At a minimum, we may require a government‑issued identity document (passport, national ID, or driving license) and a recent proof of address (e.g., utility bill or bank statement not older than six months). Where necessary, additional documents may be requested.

Thresholds and verification flow: For deposits or payments exceeding EUR 1,000 in a single transaction or over any rolling 30‑day window, additional verification steps shall be performed, which may include enhanced identity verification and confirmation of ownership of the funds used for the transaction. If identity information cannot be verified to our satisfaction, the account may be restricted, deposits or withdrawals suspended, or the account closed, with funds handled in accordance with applicable law.

Ffbet will not open anonymous accounts or accounts in fictitious names. In the event of uncertainty regarding the accuracy of information, we may supplement documentary checks with third‑party data sources or reference checks with financial institutions and regulators. We may request a live photo displaying the account holder with the provided identification document, and, if required, notarised or certified identification documents in accordance with applicable law.

Source of Funds and Source of Wealth

Customers will be asked to declare their source of funds and source of wealth. Where required, supporting documentation (e.g., bank statements, payslips, or other financial records) must be provided to corroborate the declared sources. Failure to provide satisfactory information may result in a temporary hold on activity, submission to a dormant or restricted status, or account termination. We may periodically request updated information to reflect any material changes to the customer’s financial profile.

Ongoing Due Diligence and Transaction Monitoring

Ffbet conducts ongoing monitoring of customer activity to identify suspicious or unusual patterns. Monitoring includes automatic screening of transactions and periodic review of account behavior. The AML Compliance Officer is responsible for maintaining the monitoring program, documenting the processes, and escalating concerns as appropriate.

Thresholds for monitoring and reporting include, as a baseline, transactions above EUR 1,000. Daily reporting will be generated detailing large transactions and associated customer information, including documentation collected and account history. Staff must escalate any unusual activity to the AML Compliance Officer for further review.

Record Keeping and Data Protection

All customer due diligence records, identification documents, transaction records, and related materials are retained for a minimum of eight (8) years from the date of the last activity or account closure, whichever is later, and in any case in accordance with applicable law. Records are stored securely and access is restricted to authorized personnel. Personal data processed in connection with this Policy is handled in accordance with applicable data protection laws and internal privacy policies. Customers may exercise their rights under applicable data protection laws, including access, correction, or deletion requests, subject to legal and regulatory obligations.

Suspicious Transactions and Reporting

The AML Compliance Officer shall review and, where justified, report suspicious transactions or attempts involving EUR 1,000 or more (in aggregate or on a per‑transaction basis) to the relevant authorities. Reports may be triggered by indicators such as unusual fund flows, complex ownership structures, or transactions without apparent lawful purpose. In parallel, we may freeze or suspend related accounts or transactions while an assessment is conducted, and we may cooperate with authorities as required.

Sanctions Screening and Enhanced Controls

Ffbet performs ongoing sanctions screening to prevent dealings with listed individuals, entities, or jurisdictions. If a customer or beneficial owner is identified on a sanctions list or otherwise deemed prohibited, the account shall be immediately frozen or closed, and funds placed on hold as permitted by law. Enhanced due diligence applies to higher‑risk customers, including those with elevated geographic or product risk, PEPs, or complex ownership structures.

Payment Methods and Handling

Payments may be accepted only through electronic means (credit/debit cards, bank transfers, e‑wallets, and other regulator‑approved methods). Ffbet does not process cash payments. Where possible, winnings or refunds will be returned via the same route used to fund the account. Third‑party payments are prohibited except through approved administrative arrangements and subject to verification.

Training, Governance, and Compliance Reporting

The Company provides ongoing AML/CTF training to employees on at least an annual basis. The AML Compliance Officer reports to senior management and demonstrates adherence to policy requirements, monitoring results, and any regulatory changes. Internal audits may be conducted to assess effectiveness of controls.

Account Restrictions, Termination, and Withholding of Funds

Ffbet may suspend deposits or withdrawals, restrict account activity, or terminate a customer relationship if required information is not provided, if there is suspicion of illicit activity, or if there is noncompliance with this Policy or applicable law. In such cases, we may withhold funds as permitted by law and applicable regulatory obligations until the customer’s status is resolved.

Amendments and Customer Notice

Ffbet may update this Policy to reflect changes in law, regulation, or risk posture. Where feasible, customers will be given reasonable notice of material changes. If changes are material, existing customers may discontinue using services before the changes take effect, subject to a minimum notice period of two weeks after notification.

Contact Information

Questions or concerns regarding this Policy or AML/CTF compliance should be directed to the designated Compliance Contact at Ffbet. All inquiries will be handled in accordance with applicable privacy and data protection requirements.