Anti-Money Laundering (AML) Policy
What is Anti-Money Laundering?
To help users understand what actions are considered financial crimes on the site, it is essential to review several interpretations of money laundering:
- Using legitimate financial transactions to hide illicit funds.
- Using illegally obtained funds when making a deposit.
- Concealing the actual source of money through income sharing.
Key Control Measures
BC.Game acknowledges that running a gaming platform may expose the site to risks such as fraud, money laundering, and terrorist financing. As a result, the company’s primary objective is to identify and prevent criminal activities through robust internal control procedures. BC.Game continuously revises and enhances this policy to ensure compliance with current laws and to maintain its effectiveness. The key measures implemented by BC.Game Pakistan to combat financial crime include:
- Preparing reports for submission to the relevant authorities.
- Performing the “Know Your Client” (KYC) procedure, which involves a thorough verification of the user’s identity.
- Evaluating company risks through independent audits.
- Identifying players who are considered high-risk.
- Creating a list of users who face partial or full restrictions on accessing the site.
Restrictions and Limitations in Place
For users to withdraw funds, they must wager the deposit amount at least once. The company will block withdrawal capabilities until the player meets all the necessary requirements.
Furthermore, when a player makes their first withdrawal, BC.Game Pakistan staff will request identification documents to verify ownership of the payment method used. In certain cases, the user may also be required to provide a bank statement or clarify the source of their funds.
