Welcome to qanoonibet – a secure and compliant platform committed to financial integrity. At https:https://qanoonibet.com, we enforce strict Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures to protect users, prevent fraud, and comply with international financial regulations.
🎯 Purpose of this Policy
This policy is designed to:
- Prevent the platform from being used for money laundering or terrorist financing
- Verify the identity of users through a structured multi-step process
- Ensure compliance with local and global financial regulations
- Protect the financial and personal integrity of all platform participants
🔍 What is Money Laundering?
Money laundering refers to the process of disguising the origins of illegally obtained money to make it appear legitimate. This includes:
- Transferring or converting criminally obtained funds to conceal their source
- Concealing the nature, source, ownership, or location of illicit assets
- Using assets while knowing their illegal origin
- Assisting or facilitating any of the above actions
Money laundering is illegal, even if the underlying crime occurred in another country.
📜 Legal Framework
qanoonibet complies with global AML regulations, including:
- EU Directive 2015/849 – on the prevention of financial system abuse
- EU Regulation 2015/847 – on fund transfer transparency
- Sanctions and dual-use goods regulations
- Law of 18 September 2017 – on cash limitations and AML compliance in Belgium
🧍 Customer Identification & Verification (KYC)
KYC verification at qanoonibet is conducted in three steps based on user activity thresholds.
✅ Step 1 Verification – Mandatory for All Users
Required information:
- First and last name
- Date of birth
- Gender
- Country of residence
- Full postal address
✅ Step 2 Verification – For Transactions Over $2,000
Users must upload:
- A valid photo ID (passport, national ID, or driver’s license)
- A handwritten note displaying a six-digit random code next to the ID
- A selfie showing the user holding the ID
If automated verification fails, proof of address such as a utility bill or government-issued letter is required.
✅ Step 3 Verification – For Transactions Over $5,000 or Peer Transfers Over $3,000
Users must provide evidence of Source of Funds/Wealth (SOW). Acceptable documents include:
- Employment income statements
- Bank or investment records
- Business ownership documents
- Inheritance documentation
- Family support statements
Account access may be restricted until documents are verified.
🏠 Address Verification
In cases where automated address checks fail, users must upload a clear, high-resolution document issued within the last 3 months showing their name and address. Examples:
- Utility bills (electricity, water, gas)
- Bank statements
- Government letters
🌍 Country Risk Classification
| Risk Level | Description | Verification Thresholds |
|---|---|---|
| Low Risk | Countries with transparent financial regulations | Step 2: $2,000 | Step 3: $5,000 |
| Medium Risk | Countries with moderate financial oversight | Step 2: $1,000 | Step 3: $2,500 |
| High Risk | Sanctioned or unregulated jurisdictions | Access denied |
🚨 Monitoring Suspicious Activity
All transactions on qanoonibet are monitored using automated tools and reviewed by compliance officers. Suspicious activity may result in delayed processing, account review, or mandatory document submission. Examples of red flags include:
- High-value transactions without gameplay activity
- Frequent deposit/withdrawal patterns below reporting thresholds
- Use of multiple banking sources
- Login activity from high-risk jurisdictions
📥 Deposit & Withdrawal Matching
To prevent third-party laundering, withdrawals must use the same method and account used for deposits, up to the deposit amount. Any deviation may require enhanced verification or be rejected.
📊 Internal Controls & Risk Management
qanoonibet has adopted a multi-layered risk control strategy:
- Automated AI Monitoring – identifies unusual transaction patterns
- AML Compliance Officer Review – verifies flagged activity manually
- Executive Oversight – escalates serious cases to senior management
📡 Transaction Monitoring Levels
All financial activity is reviewed on three levels:
1️⃣ First Line of Control
- Third-party payment providers with their own AML controls
2️⃣ Second Line of Control
- qanoonibet’s internal system flags unusual activity for manual review
- Customer support and account managers are trained to escalate risks
3️⃣ Third Line of Control
- Manual account investigations for high-risk users or suspicious behavior
- If illegal activity is confirmed, legal authorities are notified
📁 Record Retention
All personal and transactional data collected under this policy is retained securely:
- User identification data: Stored for 10 years after account closure
- Transaction history: Stored for 10 years after transaction date
Data is encrypted and stored in secured environments with restricted access.
🔐 Data Privacy & Security
qanoonibet respects your privacy and complies with global data protection standards including GDPR and Directive 95/46/EC. Personal information is never sold or shared, except when:
- Requested by law enforcement or regulatory bodies
- Required during AML investigations
📋 Staff Training & Internal Audits
All staff involved in compliance, support, or financial roles receive:
- Mandatory AML/KYC training
- Annual recertification on AML frameworks
- Audit simulations and refresher courses
Internal audits are regularly conducted to ensure proper enforcement of this policy.
📬 Contact Information
For questions or concerns related to our AML & KYC procedures:
- Email – Support: [email protected]
- Email – Compliance Department: [email protected]
📌 Final Disclaimer
This AML & KYC Policy forms part of the legal framework of qanoonibet.com. By accessing and using our services, you agree to comply with the rules outlined herein. We reserve the right to:
- Suspend or terminate accounts failing to meet compliance standards
- Report suspicious behavior to financial intelligence units (FIUs)
- Amend this policy at any time in accordance with updated regulations
Last Updated: September 24, 2025