Ultrawin is committed to maintaining the highest standards of integrity and compliance in the online gaming and betting industry. As part of our commitment, we have implemented a robust Anti-Money Laundering (AML) policy designed to prevent and detect money laundering activities and to ensure compliance with relevant laws and regulations. This policy outlines our approach to preventing, identifying, and addressing money laundering risks associated with our platform.

Objective of the AML Policy

The primary objective of our AML policy is to prevent and detect any activities related to money laundering or the financing of terrorism. This involves implementing effective controls to ensure that funds used on our platform are obtained through legitimate means and are not associated with criminal activities.

Customer Due Diligence (CDD)

Ultrawin conducts thorough customer due diligence to verify the identity of our users and assess the risks associated with their activities:

• Know Your Customer (KYC): We require users to provide valid identification documents, such as passports, driver’s licenses, or utility bills, to verify their identity. This process helps us ensure that our users are who they claim to be and are not involved in illicit activities.
• Enhanced Due Diligence: For users who present higher risk profiles, such as those involved in large transactions or from high-risk jurisdictions, we apply enhanced due diligence measures. This includes additional verification steps and closer monitoring of their activities.

Monitoring and Reporting Suspicious Activity

Ultrawin employs sophisticated monitoring systems to detect and report suspicious activities:

• Transaction Monitoring: We continuously monitor transactions for unusual patterns or activities that may indicate money laundering. This includes analyzing the volume, frequency, and nature of transactions.
• Suspicious Activity Reporting: Any transaction or behavior deemed suspicious is reported to the appropriate authorities in accordance with legal requirements. We cooperate fully with law enforcement agencies and regulatory bodies to support investigations into potential money laundering activities.

AML Training and Awareness

Our staff receives regular training on AML regulations and best practices to ensure they are equipped to identify and address potential money laundering risks:

• Staff Training: All employees, particularly those in customer service, finance, and compliance roles, undergo training to understand AML requirements, recognize red flags, and respond effectively to suspicious activities.
• Ongoing Education: We provide ongoing education and updates on AML policies and regulations to ensure that our staff remains informed about the latest developments in AML compliance.

Record Keeping

Ultrawin maintains comprehensive records of all transactions and customer interactions to support our AML efforts:

• Transaction Records: We keep detailed records of all financial transactions, including deposits, withdrawals, and bets, to enable effective monitoring and investigation of suspicious activities.
• Customer Records: We retain identification and verification documents as part of our customer due diligence process. These records are securely stored and accessible for review as needed.

Compliance and Audits

To ensure the effectiveness of our AML policy, Ultrawin undergoes regular audits and reviews:

• Internal Audits: We conduct periodic internal audits to assess the effectiveness of our AML controls and procedures. This helps us identify areas for improvement and ensure compliance with regulatory requirements.
• External Audits: We may also engage external auditors to review our AML practices and provide independent assessments of our compliance efforts.

Policy Review and Updates

Ultrawin regularly reviews and updates our AML policy to adapt to changes in regulations and industry standards:

• Policy Review: Our AML policy is reviewed annually or as needed to reflect changes in legal requirements and emerging risks.
• Updates: Any updates to the policy are communicated to our staff and implemented promptly to ensure continued compliance and effectiveness.

By adhering to these AML practices, Ultrawin demonstrates our commitment to preventing money laundering and promoting a secure and transparent online gaming environment. We take our responsibility seriously and work diligently to ensure that our platform remains free from illicit activities.