Anti-Money Laundering (AML) Compliance
Money laundering involves disguising the origins of illegally obtained funds. At ctrlmhealth.com, we follow strict AML protocols to prevent the misuse of our platform for such purposes.
Our AML strategy includes:
- Cooperating with law enforcement and regulators
- Requiring financial institutions to verify customers and report suspicious activity
- Ensuring information exchange across jurisdictions
Regulatory Obligations
Employees in the online gambling industry are required to report:
- Anything they know
- Anything they suspect
- Any reasonable grounds to believe someone is engaged in money laundering or terrorist financing
These duties apply before entering business relationships and throughout client transactions. Melbet ensures full compliance with these standards.
AML Policies and Offences
Our anti-money laundering policy includes:
- Custom control systems based on business needs
- Annual AML risk reviews
- Company-wide staff responsibility for AML
- Regular reviews of policy effectiveness
- Proper record-keeping aligned with legal requirements
- Staff training on AML practices
- Resource allocation for AML roles
Risk Management
We apply a structured approach to identifying and mitigating financial crime risks:
- Detection of laundering and terrorism-financing threats
- Tailored internal policies to address risks
- Continuous improvement of control measures
- Full documentation of AML decisions
Suspicious Activity and User Checks
To prevent fraud and secure transactions, we verify user identity through:
- ID document checks
- Utility bill verification
- Bank statement reviews
- Other verification tools
Special attention is given to unusual patterns or irregular transactions.
Reporting Suspicious Behaviour
All employees are obligated to report any suspected money laundering or terrorist financing. Breaching confidentiality or failing to report may result in legal consequences.
Transaction Monitoring and Withdrawals
All transactions are monitored to detect anomalies. Withdrawals are processed only after verifying that the client’s behaviour matches their regular activity.
Audit and Financial Control
We maintain a transparent accounting system that includes:
- Compliance tracking
- Internal responsibility assignments
- Action logging
- Identity checks
- Transaction recordkeeping
- Staff AML training logs
- Cooperation with regulatory agencies
Legal Consequences
Violations include:
- Concealing suspicious activity
- Failing to report financial crimes
- Mishandling official documents or investigations
All staff are made aware of these serious implications.
Fraud Prevention and Data Protection
Melbet strictly prohibits fraudulent activity. Suspicious accounts are blocked immediately. We use Payment IQ and other secure systems to protect client data and financial information, applying multi-layer security and encryption.
Internal Records and KYC
We enforce full compliance with Know Your Customer (KYC) procedures. Users must verify their identity using acceptable documentation before accessing account features or requesting withdrawals.
Incorrect or fake data leads to account suspension. Unverified users cannot transact or withdraw until verification is complete.
If your data changes, contact our support team immediately.