Welcome to hotbetbet.com, your trusted destination for Hot Bet. We are committed to establishing a secure and legally compliant environment. To protect our platform and users, we adopt a robust Anti‑Money Laundering (AML) and Know Your Customer (KYC) policy. Below we describe in detail how we verify identities, monitor transactions, manage risk, and act upon suspicious behaviors.
این سیاست با رعایت اصول EEAT و الزامات YMYL طراحی شده است.
🎯 Purpose & Scope
This policy is intended to prevent misuse of the platform for money laundering, fraudulent activity, terrorist financing, or other illicit financial operations. It applies to all users of hotbetbet.com in all financial interactions — registration, deposits, withdrawals, transfers, and account changes. By enforcing identity verification, continuous oversight, and risk-driven controls, we aim to build trust and maintain platform integrity.
📜 Legal & Regulatory Framework
- EU Directive 2015/849 – Prevent the misuse of the financial system for money laundering.
- EU Regulation 2015/847 – Ensuring adequate information accompanies transfers of funds.
- Belgian Law of 18 September 2017 – Limitations and rules for cash usage & anti‑money laundering obligations.
- Directive 95/46/EC (Data Protection) – Safeguard personal data and ensure user privacy.
💡 Defining Money Laundering
Money laundering involves processing funds derived from illegal activities so that they appear lawful. Common forms include:
- Conversion or transfer of property, knowing it derives from criminal activity.
- Concealing the true source, ownership, or movement of such property.
- Holding, using, or acquiring property while knowing it stems from illicit activity.
- Assisting or facilitating any of the above acts.
🏛 Governance & Compliance Structure
Ultimate Gaming NV’s senior management maintains oversight. We appoint an Anti‑Money Laundering Compliance Officer (AMLCO) who is responsible for implementing, monitoring, and updating this policy, as well as training staff. All major changes must be reviewed and approved at the senior level to ensure consistency with legal obligations.
✅ Three‑Step Verification (KYC) Process
Step 1: Basic Identity Verification
Each user must first provide:
- Full name (first & last)
- Date of birth
- Gender
- Country of residence
- Full residential address
Step 2: Document Verification
This step is triggered when deposit or withdrawal amounts exceed **USD 2,000**:
- Upload a government-issued ID with a handwritten six-digit code
- Submit a facial photo/selfie matching the ID
- Automated validation via trusted databases
- If automatic check fails: provide proof of address (utility bill, government certificate, etc.)
Step 3: Source of Wealth / Funds (SOW)
This step applies when:
- Deposits or withdrawals exceed **USD 5,000**
- Transfers to other users exceed **USD 3,000**
In such cases, users must provide credible documentation of the source of funds—such as employment income, business revenue, inheritance, or investment records. Until verification is complete, certain functions like withdrawals or transfers may be restricted.
📌 KYC Documentation Guidelines
🪪 Identity Documents
- Passport, national ID, or driver’s license
- All four corners of the document must be visible
- Photo must match the identity document
📍 Proof of Address
- Utility bill, bank statement, or government-issued letter
- Issued within the past 90 days
- Text readable; edges visible
💳 Source of Wealth / Funds Documents
- Pay slips, employment contracts
- Business financial statements or tax filings
- Inheritance or investment documentation
- Bank statements showing fund flow
🌍 Risk Classification & Jurisdiction Assessment
| Risk Level | Verification Approach & Measures |
|---|---|
| Low Risk | Standard three-step verification |
| Medium Risk | Lower thresholds; enhanced review and monitoring |
| High Risk | Access may be restricted or rejected |
📊 Ongoing Monitoring & Surveillance
🧠 Automated Monitoring Systems
- Real-time detection of irregular deposit/withdrawal patterns
- Alerts for account anomalies (IP change, device shift, location discrepancy)
👁 Manual Compliance Review
- Flagged accounts are reviewed by compliance personnel
- Validation of documents, cross-check with transaction history
🚨 Escalation & Reporting
- Confirmed suspicious activity is reported to Financial Intelligence Units (FIUs)
- Repeated noncompliance may lead to suspension or termination of accounts
📂 Enterprise‑Wide Risk Assessment (EWRA)
Each year, we carry out a comprehensive risk assessment to examine:
- Transaction volumes, patterns, and types
- User demographics and geographic exposure
- Payment and withdrawal channels used
- Emerging financial or regulatory risks
🗂️ Data Retention & Security
- KYC and identity data retained securely for at least 10 years after account closure
- Transaction logs encrypted and stored for 10 years
- Strict access controls, data encryption, and privacy safeguards
📚 AML Training & Internal Controls
- Mandatory AML training for staff in finance, compliance, support roles
- Annual refresher training aligned with legal updates
- Instruction provided by certified AML professionals
📣 Reporting Suspicious Activity
All employees are required to report:
- Inconsistencies or invalid user documents
- Unexplained or suspicious sources of funds
- Sudden changes in user behavior or transaction patterns
Such reports are escalated to the AMLCO and, where necessary, shared with relevant authorities.
🔐 Privacy & Data Protection
We regard your privacy as fundamental. Your personal data is never sold or shared except when legally mandated. We comply with GDPR and applicable data protection laws to ensure confidentiality, transparency, and protection of user rights.
📞 Contact & Support
For inquiries or concerns regarding this AML & KYC policy for Hot Bet, please contact us at:
- Email: [email protected]
📆 Policy Review & Updates
This policy is reviewed at least annually, and more frequently if regulatory, operational, or technical changes occur. All updates must be approved by the AMLCO and senior management to maintain consistency, clarity, and compliance.