Introduction to the AML Policy
The platform aims to mitigate the risks of money laundering and fraud, and protect the players and the community. BC.Game players are subjected to the safety and verification of gaming and wagering in a controlled and compliant environment. Players will not be allowed to breach the rules of the platform and the Platform will ensure everything is in order through automated and semi automated systems. Losses suffered on the platform will also be pre-emptively analysed through automatic triggers. Such mechanisms can be tailored to safeguard all players without discrimination and while ensuring the overall compliance posture of the platform and the players trust is not violated.
With BC.Game, the players are shielded from risks of fraud, financial blackmail, and at the same time placed on a platform with the highest degree of technology based compliance.
Purpose of the Policy
The policies aim to ensure players’ trust is not violated along with a smooth and seamless gaming compliant experience through process automation. Winning and losing must be devoid of humiliation and have multiple ways to validate on claiming back.
- Establishing and confirming all players’ identities through secure KYC (Know Your Customer) procedures.
- Checking transactions for flags that could indicate unusual or suspicious activity.
- Identifying and reporting any unusual activity to the appropriate authorities as soon as possible.
- Training compliance officers on the newest anti-money laundering policies.
In the case of players from Brazil, this also ensures compliance with the country’s financial regulations when deposits, withdrawals, or other monetary transactions are made.
BC.Game’s Commitment to Compliance
BC.Game fully complies with all the mandatory standards of Brazil’s anti-money laundering regulations, including all applicable clauses of international agreements. This encompasses all of the the following:
- Applying risk based verification for significant or atypical transactions.
- Flagging transactions with a high-risk indicator through advanced fraud detection systems.
- Adhering to requests from law enforcement authorities.
- Safeguarding the protection of client information and upholding the law.
This liquid approach helps safeguard a reliable gaming environment for Brazilian users where they can engage with the games freely, without any apprehensions regarding financial risk or misuse of the platform.
The Meaning of Money Laundering And Terrorist Financing
Criminal activities, like drug trafficking or fraud, generate large sums of money. Money laundering is the illegal process used to make this money seem legitimate. It is done through complex transfers and financial transactions, which makes the process of concealing the money’s origins intricate.
On the other hand, providing direct or indirect financial support for terrorist activities is known as terrorist financing. Disguising the true intentions of the funds is the main challenge as the purpose of funds is to support terrorist activities, which makes avoiding detection by financial institutions and law enforcement agencies crucial.
Participating in money laundering or terrorist financing not only severely damages the reputation of an organization, but also poses risks to the financial stability of the institution. For this reason, BC.Game is dedicated to ensuring complete adherence to and compliance with policies which safeguard against such activities.
Legal And Regulatory Responsibilities
Like all other companies, BC.Game operates with the global and regional legal guidelines to combat money laundering and terrorist financing. BC.Game takes and expects adherence to these regulations so BC.Game’s users and platform are protected. BC.Game stands for regulatory compliance, as well as the overall platform security and trust in the community. BC.Game also, as other organizations, expects compliance with industry standards in implemented the anti-money laundering (AML) operations.
Applicable Standards and Laws
BC.Game, an online platform operating worldwide, is compliant with international standards, including the guidelines for combating money laundering and terrorism financing issued by the Financial Action Task Force (FATF). Also, BC.Game maintains local compliance, including with the Brazil FATF. These include:
- FATF Recommendations: Standards for financial crimes prevention issued by the FATF.
- Brazilian Law: Legislation in the scope of Brazil’s Anti-Money Laundering laws, including Law No. 9,613/98.
- KYC (Know Your Customer) Requirements: Mandatory for business customers, performing accuracy verifications for provided identification documents in relation to age and compliance for non-bonafide financial crimes.
- Anti-Terrorism Financing Laws: Measures to prevent the funding of terrorism.
All of these adherence standards confirm the safety and reliability of BC.Game along with other platforms for players from Brazil and the rest of the world.
Competent Authorities
In these regulated jurisdictions, BC.Game actively communicates with the enforcement bodies to ensure compliance with the regulations. In Brazil, the regulatory agencies include:
- Brazilian Federal Police for handling crimes that include financial criminal activities and other forms of money laundering.
- Brazilian Financial Intelligence Unit (Coaf) the unit that specializes in gathering, processing, and disseminating financial intelligence concerning laundering activities.
- Banco Central do Brasil is responsible for supervising the entire financial system in the country, ensuring institutions follow compliance with the anti-money laundering legislation.
BC.Game fulfills compliance with all anti-money laundering laws in the country, observing and reporting any potentially illicit transactions to the relevant authorities.
Prevention Measures and procedures
At BC.Game, we have established an extensive set of preventive measures to protect the integrity and security of our users. In an effort to combat money laundering and terrorist financing, these measures are tailored to local laws and international best practices. The application of these procedures enables the identification of suspicious activities, and at the same time, help to promote integrity and safety in the gaming system.
| Prevention Measure | Description |
| Identity Verification (KYC) | To protect our gaming system and stop fraudulent activities, all players are required to undergo and submit identity verification procedures. |
| Transaction Monitoring | Unusual or suspicious activities are automatically flagged and transactions are closely examined in real time. |
| Reporting Suspicious Activities | Compliance or regulatory breaches within the organization are reported to the relevant regulators without delay. |
Identity Verification (KYC)
BC.Game implements strict Know Your Customer (KYC) processes for all players and ensures personal details shared are accurate and authenticated before accessing the platform. Confirming the identity of players to minimize all possible risks of fraudulent activities is critically important. The KYC process requires the following details for verification:
- First and last name.
- Birth date.
- Address of residence.
- Identity verification (e.g., ID card).
Through this verification process, we are able to mitigate risks of financial crimes while remaining compliant with the law.
Transaction Tracking
All transactions made on the platform are monitored in real time using sophisticated software. Such processes enable us to flag and mitigate unusual or suspicious activities, for example:
- Disproportionately large or frequent transactions relative to the player’s profile.
- Transactions originating from known high-risk jurisdictions.
- Attempts to exchange numerous small deposits for one large withdrawal.
Through constant scrutiny, it is possible to stay one step ahead of potential risks and take proactive measures to avert any suspicious activities.
Reporting of Suspicious Activities
BC.Game ensures compliance with the law for the prevention of money laundering. All suspicious activities are monitored and reported to the following entities:
- Polícia Federal of Brazil (Federal Police)
- COAF of Brazil (Financial Intelligence Unit)
- Financial Crime Authorities of International status.
Our reporting system facilitates the prompt identification and resolution of any financial crime concerns such as money laundering and the financing of terrorism, ensuring adherence to local and international statutory obligations.
Responsibilities of Employees and Partners
At BC.Game, compliance and the ethical conduct of all employees and partners is a cornerstone of our operations. Each stakeholder of the platform actively contributes towards ensuring a safe and legal ecosystem. Employees and partners must comply with the company’s anti-money laundering (AML) policies, report any peculiar activities, and guarantee operations are within legal frameworks.
We expect BC.Game employees to actively combat and mitigate any identified risks of money laundering and terrorism financing. We also ensure that our partners are aligned with our standards to protect the integrity of the platform. This robust framework fosters a greater commitment to security and transparency at BC.Game.
Training and Awareness
All employees and partners undergo regular training to ensure they are equipped with current anti-money laundering and industry-specific compliance requirements. This training equips employees and partners with knowledge of the compliance risk and obligations of illegal activity prevention. Training also provides information on risk behaviors and on timely reporting of masks activities.
This intervention nurtures the culture of compliance intended to build on the ability of the employees and partners to act decisively and resiliently to compliance risk.
Consequences of Non-Compliance
BC.Game’s anti-money laundering policies are strict and non compliance can lead to serious repercussions. Employees or partners identified with policy contraventions are subject to disciplinary policies which include possible termination or prosecution based on the violation’s magnitude. Without such policies the platform is exposed to substantial financial losses and reputational damage.
Illicit financial activity prevention is a shared responsibility within the organization. Compliance to these policies ensures BC.Game’s platforms are secure and available to players worldwide.
Data Protection and Security
At BC.Game, we understand that user data and confidentiality are core aspects of customer trust. This is precisely why we take additional care to ensure that all the personal and financial details are stored and protected from any unauthorized access. From our end, we can assure you that we abide by the industry standards, which means that all the sensitive data will always be encrypted and treated with care.
As an additional measure, we ensure that the data storage systems are rigid while enforcing the data minimization principle. BC.Game’s data storage systems retain only the minimal personal data. It is also our priority to abide by local and international laws and frameworks set in place concerning data protection and privacy to the advantage of our users.
Protecting and Securing Personal Information
With BC.Game, you can have the peace of mind of knowing that we employ state-of-the-art encryption methods to guarantee the security and confidentiality of user data. Personal and financial data is also encrypted as it is being sent and stored. This makes it impossible for anyone to access the said data even in the event of a security breach. In addition to that, secure methods are also put in place for user account protection.
We also ensure the privacy of all our users by following necessary policies. The implementation of strict internal control measures to sensitive information ensures that only relevant data can be accessed by authorized users. From a user perspective, these measures create a secure atmosphere both on the platform and for the users.
Sharing Data with Law Enforcement Agencies
Under the law, BC.Game is obligated to share user data with relevant governmental agencies, if necessary. This includes data sharing for anti-money laundering compliance or any other legal requirements. We make certain that the data we share with the authorities is only relevant to what the law demands and provided in the right context.
We strive to make data sharing policies clear to our users, and we make sure that data is shared wisely, within the bounds of applicable regulations. This is necessary for the privacy of our users, and we are also bound to legal requirements.
Review and Changes of Policies
Changes in laws and regulations are reason enough for BC.Game to change policies, and policies are formally aligned to the strategies within the company, therefore, are subject to change. This also encompasses the data protection policy, the anti-money laundering policy, and other cybersecurity policies. We stay true to our policies for the protection of our users and compliance to the laws, to the best possible standards.
We are committed to making sure all users have a safe and secure environment. As well, we are committed to providing an environment that is up-to-date with the latest security and compliance practices. It is the responsibility of the users to stay up-to-date with the policy changes and make sure that the changes do not have any ramifications on the account and the personal data.