Anti-Money Laundering (AML) Policy

1. Introduction

RankedBet ("Company", "we", "us", or "our") is committed to preventing money laundering and terrorist financing activities. This Anti-Money Laundering (AML) Policy outlines our procedures and controls designed to detect, prevent, and report suspicious activities in compliance with applicable laws and regulations.

2. Compliance Framework

We operate in accordance with applicable anti-money laundering laws and regulations, including but not limited to:

• Bank Secrecy Act (BSA) and related regulations
• Financial Action Task Force (FATF) recommendations
• Applicable local and international AML/CFT requirements

3. Customer Due Diligence (CDD)

3.1 Identity Verification

We implement robust identity verification procedures for all users. When required, users must provide:

• Valid government-issued identification
• Proof of address
• Additional documentation as may be required for enhanced due diligence

3.2 Enhanced Due Diligence (EDD)

Enhanced due diligence measures are applied to:

• High-value transactions
• Politically Exposed Persons (PEPs)
• Users from high-risk jurisdictions
• Transactions that appear unusual or suspicious

4. Transaction Monitoring

We maintain automated and manual monitoring systems to detect potentially suspicious activities, including:

• Unusual transaction patterns
• Transactions inconsistent with user profile or known activity
• Rapid deposits and withdrawals (layering patterns)
• Structuring transactions to avoid reporting thresholds
• Transactions involving high-risk jurisdictions

5. Suspicious Activity Reporting

We are committed to reporting suspicious activities to the relevant authorities in accordance with applicable law. Our compliance team reviews all flagged transactions and files Suspicious Activity Reports (SARs) when required.

Users are prohibited from:

• Using the platform to launder money or finance terrorism
• Structuring transactions to avoid reporting requirements
• Providing false or misleading information
• Concealing the source of funds

6. Record Keeping

We maintain comprehensive records of:

• Customer identification and verification documents
• Transaction records and history
• AML/CFT training records
• Suspicious activity reports and investigations

Records are retained for a minimum period as required by applicable law, typically at least 5 years.

7. Employee Training

All relevant employees receive regular AML/CFT training to ensure they understand:

• AML/CFT laws and regulations
• How to identify suspicious activities
• Internal reporting procedures
• Customer due diligence requirements

8. Sanctions Screening

We screen users and transactions against applicable sanctions lists to ensure we do not facilitate transactions with:

• Sanctioned individuals or entities
• Countries subject to comprehensive sanctions
• Organizations designated as terrorist organizations

9. Cooperation with Authorities

We cooperate fully with law enforcement and regulatory authorities in the investigation of money laundering, terrorist financing, and other financial crimes. We will provide information and assistance as required by law while respecting user privacy and data protection requirements.

10. Blockchain Transparency

As a blockchain-based platform, we acknowledge that transactions on public blockchains are inherently transparent and immutable. This transparency supports AML efforts by providing an auditable trail of transactions. However, users should be aware that:

• Blockchain transactions are publicly visible
• Wallet addresses can be analyzed and linked
• Transaction patterns can be identified through blockchain analysis

11. User Responsibilities

Users must:

• Provide accurate and truthful information
• Comply with all applicable laws and regulations
• Report any suspicious activities they observe
• Not use the platform for any illegal purposes
• Cooperate with our compliance procedures and requests for information

12. Policy Updates

This AML Policy may be updated from time to time to reflect changes in applicable laws, regulations, or our practices. Users will be notified of material changes to this policy. Continued use of our services after such changes constitutes acceptance of the updated policy.

13. Contact Information

For questions or concerns regarding this AML Policy, or to report suspicious activities, please contact our compliance team at: