ANTI - MONEY LAUNDERING POLICY
Anti-Money Laundering Policy
As soon as the Player opens an account with ChampionCasino.net, then the Player is agreeing to abide by all the rules and regulations relating to anti-money laundering that are in place in Cyprus and throughout the EU. In short, the Player binds himself not to use funds that are, in any way whatsoever, the proceeds of crime.
Players may not use the ChampionCasino.net services in any way directly or indirectly associated with money laundering.
If the Player does not respect these rules and regulations then ChampionCasino.net may suspend the Player’s Account pending investigation.
Registration of Players
The process for the registration of players is provided for under the T&Cs. This provides for the due diligence process that must be carried out before the opening of Accounts. The due diligence procedure is carried out for the purposes of the prevention of money laundering.
Before any opening of an Account there must be registration by the Players which involves the provision of accurate details and documentation to ChampionCasino.net. It is the Player’s responsibility to immediately provide ChampionCasino.net. with updated information to any information / documentation provided at the initial Account opening stage. When opening an Account, the Player must give proof of identity. ChampionCasino.net has the discretion to verify creditworthiness of a Player with third parties who previously provided any information on the Player.
If ChampionCasino.net becomes aware that a person has provided false information when providing due diligence documents, then ChampionCasino.net shall not register such person, and where that person has already been registered as a Player, ChampionCasino.net shall immediately cancel that person’s registration as a Player with ChampionCasino.net and close his Account.
No person under eighteen years of age (or the applicable majority age in that person’s jurisdiction) may be registered as a Player and any funds deposited or any money won by any such persons shall be forfeited to the Regulatory Authority.
ChampionCasino.net shall, at all times, keep a secure online list of all registered Players. Any one individual can only register a single Account with ChampionCasino.net and multi-account practices are strictly prohibited.
ChampionCasino.net shall not open anonymous Accounts or Accounts in fictitious names such that the true beneficial owner is not known.
Examination of transactions
ChampionCasino.net reserves the right to examine with special attention, and to the extent possible, the background and purpose of any complex or large transactions and any transactions which are particularly likely, by their nature, to be related to money laundering or the funding of terrorism.
Payments of winnings
A Player requesting the first withdrawal following registration shall be required to verify his identity through the submission of a copy of an identification document. The withdrawal request shall not be acceded to by ChampionCasino.net prior to receipt of a copy of this document from the Player.
In all cases, ChampionCasino.net reserves the right to suspend a cash-out request pending verification of Player’s identity, age and location.
Payments of winnings or refunds shall be transferred back through the same channel from which Player had made the original transfer in the first place. Where this is not possible, the Player shall be requested to provide an alternative channel together with sufficient proof that such channel relates back to the Player. It shall be within ChampionCasino.net.’s sole discretion to determine whether proof provided by the Player is sufficient or not.
Acceptance of wager
ChampionCasino.net shall not accept a wager from a Player unless–an Account has been established in the name of the Player and there are adequate funds in the Account to cover the amount of the wager; and
the funds necessary to cover the amount of the wager are provided in an approved way.
Maximum limit of payment out of Player’s account
ChampionCasino.net shall not make withdrawal out of a Player’s Account to a Player until the Player’s identity, age and place of residence have been verified.