Policy Statement

8g8g maintains an AML/CTF program designed to detect, deter, and report money laundering, terrorist financing, and related financial crime. The program adheres to Financial Action Task Force (FATF) recommendations and to applicable national and international anti-money laundering and counter-terrorism financing laws. It applies to all users, employees, contractors, agents, and third-party service providers acting on behalf of 8g8g.

Scope and Application

This policy governs onboarding, funding, play, withdrawals, account management, and the handling of customers, staff, and service providers. It applies across all jurisdictions in which 8g8g operates and to counterparties and service providers engaged by 8g8g, where such activities may present AML/CTF risk.

Customer Identification and Verification

8g8g conducts Customer Due Diligence (CDD) as a condition of account opening and before processing payments above a defined threshold. Required data includes full name, date of birth, residential address, nationality, government-issued identification, and, where applicable, information on the source of funds. Identity verification is completed prior to first high-risk financial transaction; the threshold for triggering verification is set by the risk-based framework and current legal requirements, and may be adjusted. Verification may rely on government-issued documents (for example, passport or national ID) and may include biometric checks where available. All verified data is stored securely with an auditable record of the decision process.

  • Onboarding requires documentary evidence and verification of identity.
  • Source of funds, and where necessary source of wealth, must be disclosed and substantiated for risk assessment.
  • Beneficial ownership details are obtained when required by law or policy.

Enhanced Due Diligence

High-risk customers are subject to Enhanced Due Diligence (EDD). Triggers include politically exposed persons (PEPs), non-resident status, high-volume or complex ownership structures, and unusual transaction patterns. EDD requires detailed analysis of the source of funds and wealth, documentation of the customer’s income and business activity where applicable, and explicit approval by a senior compliance officer before continuing business relationships or significant transactions.

Sanctions, PEPs and Screening

All customers are screened on onboarding and on an ongoing basis against global sanctions lists and PEP databases. Any positive match prompts risk mitigation steps, additional verification, or escalation to senior compliance for appropriate action, which may include restriction or termination of the relationship.

Ongoing Monitoring and Transaction Surveillance

8g8g monitors customer activity, transactions, and profile data using rule-based and risk-scored analytics. Unusual or suspicious activity triggers manual investigations, escalation within compliance, and potential actions such as temporary holds or account restrictions. High-frequency, high-value, or cross-border transactions receive enhanced scrutiny and review.

Reporting and Cooperation with Authorities

Where there is reasonable suspicion of money laundering or terrorist financing, 8g8g promptly files reports with the designated financial intelligence unit in accordance with applicable law. The company cooperates with authorities, provides records upon lawful request, and maintains confidentiality of investigative actions as required by law.

Record Keeping

All AML-related data, including identification information, transaction records, risk assessments, and internal communications relevant to regulatory obligations, are retained for a minimum of five years after the end of the customer relationship, or longer where required by law. Records are stored securely with access controls and are available to authorities upon lawful request.

Training and Awareness

All staff and relevant personnel receive ongoing AML/CTF training, covering regulatory requirements, red-flag indicators, reporting responsibilities, and data handling. Training is conducted at onboarding and at regular intervals thereafter according to risk level and regulatory demands.

Third-Party Reliance and Verification Services

8g8g may rely on authorized, FATF-compliant third-party verification providers for identity checks or documentation verification. Such arrangements are governed by written contracts containing audit trails, service-level commitments, and ongoing oversight.

Risk-Based Approach

The AML/CTF program employs a risk-based approach to customer due diligence, product design, and transaction monitoring. Risk assessments consider customer factors (identity, geography, legal form), product characteristics, and transaction patterns. Higher-risk profiles receive enhanced controls, including more frequent monitoring and manual review of activities.

Client Obligations

By registering an account or using 8g8g services, clients agree to provide truthful and complete KYC information, to cooperate with verification requests, and to disclose the source of funds and, if required, the source of wealth. Clients must promptly update information if circumstances change or regulatory triggers arise.

Account Termination and Freezing

8g8g reserves the right to terminate or freeze a customer relationship or to suspend activity where verification is not completed, information provided is false or misleading, the customer is identified on sanctions or PEP lists without adequate risk mitigation, or suspicious activity cannot be adequately addressed. Frozen funds may be held in accordance with legal obligations and may be reported to authorities as required by applicable law.

Confidentiality and No-Tipping-Off

All AML investigations, reports, and internal communications are treated as confidential. Customers are not informed of ongoing reviews, investigations, or internal proceedings, except as required by law or regulatory process. Confidentiality obligations do not prevent 8g8g from complying with lawful requests from authorities.

Policy Availability

A condensed version of this policy is publicly accessible for customer awareness. The full AML/CTF policy can be provided upon legitimate request by regulators, institutional partners, or other stakeholders through the Compliance Department.

Continual Improvement and Contact

8g8g commits to ongoing enhancement of its AML program through periodic audits, independent testing, management reviews, and regulatory feedback. For questions about this policy or to request the full document, contact the Compliance Department.