Anti-money Laundering Policy

Purpose and scope

Ffbet's Anti-Money Laundering (AML) Policy establishes the obligations and controls implemented to detect, prevent and report conduct that facilitates money laundering or the financing of terrorism in connection with the gaming services offered by Ffbet. This policy applies to all employees, contractors and agents of Ffbet and covers all products and services provided to customers, including online wagering, deposits and withdrawals, and customer account management.

Regulatory framework and risk-based approach

Ffbet operates in accordance with applicable AML/CFT laws and guidance issued by competent authorities and international standard-setters. The company adopts a risk-based approach to customer due diligence and transaction monitoring, calibrating controls to the risk profile of each customer and activity. The governance framework includes assignment of responsibilities to the Compliance function and oversight by the board or designated senior management, with regular reviews of risk and controls.

Know Your Customer (KYC) and Customer Due Diligence

Ffbet applies customer due diligence at onboarding and on an ongoing basis, scaled to risk. The following are minimum requirements and practices:

• Identification and verification: all customers must be identified and verified before or during the provision of services, based on information provided by the customer or from reliable independent sources.
• Data collected: during onboarding, Ffbet collects name, date of birth, residential address, contact details, valid identifiers and the country of residence, together with information about the purpose and intended nature of the business relationship.
• Documentation required: acceptable documents include government-issued photo ID (e.g., passport or national ID), proof of address (not older than three months), and evidence of the source of funds or payment method where applicable.
• Payment verification: verification of payment methods used to fund the account shall be obtained where necessary, such as card or e-wallet documentation, or bank statements where required by the risk assessment.
• Ongoing due diligence: customer information, risk rating and transaction patterns are reviewed on an ongoing basis and refreshed to reflect changes in risk or profile.
• Enhanced due diligence: for high-risk customers or transactions, additional verification, source of wealth documentation and closer monitoring will be conducted in accordance with the risk assessment.
• Simplified due diligence: for low-risk profiles, a proportionate, streamlined set of verification steps may be applied in line with the risk assessment, while maintaining the ability to escalate if indicators change.

Monitoring and suspicious activity reporting

Ffbet maintains ongoing monitoring of customer activity and transactions to identify unusual or suspicious patterns. Indicators may include unusual gaming patterns, atypical deposit or withdrawal activity, inconsistent identification data, or links between accounts. Any suspicion of money laundering or terrorist financing must be reported promptly to the designated Money Laundering Reporting Officer (MLRO) or senior management. The MLRO will assess the suspicion and, where legally required, file a SAR/MLRO report with the competent financial intelligence unit. Where appropriate, internal controls may restrict withdrawals or access pending completion of the investigation; customers will not be informed of internal suspicions during the investigative process.

Prohibited jurisdictions and screening

Ffbet shall not onboard or maintain customer relationships where the customer is located, domiciled, or operates from jurisdictions identified by applicable law, tax, or AML/CFT sanctions or embargoes as high risk or restricted. Customer screening includes sanctions, PEP checks, and adverse media as part of the risk assessment and ongoing monitoring.

Cash handling and payment controls

Ffbet does not permit cash deposits or cash withdrawals. All funds must be deposited and withdrawn via approved electronic methods or bank transfers. For large or unusual payment patterns, Ffbet may request additional information regarding the source of funds and the purpose of the transaction, and may suspend or restrict the transaction in accordance with this policy and applicable law.

Data retention and privacy

Ffbet retains personal data collected under this policy in accordance with applicable data protection law and for a period of eight (8) years from the date of account closure or as otherwise required by law. Data subjects may exercise their rights under applicable data protection law, including access, correction and deletion requests, by contacting the designated data protection contact.

Training and awareness

Ffbet provides AML training to all relevant staff on a regular basis. Training covers identification of money laundering indicators, customer due diligence procedures, reporting obligations, and the roles of the MLRO and compliance team.

Governance, records and audit

Ffbet maintains comprehensive records of customer identification, due diligence, transactions, and internal communications related to AML. Records, logs and monitoring data are retained for the periods required by law and are available for internal and regulatory review. Regular internal audits verify the effectiveness of controls and procedures.

Roles and responsibilities

The Money Laundering Reporting Officer (MLRO) is responsible for receiving reports of suspicious activity, evaluating compliance with this policy, and coordinating reporting to the competent authority where required. Senior management and the compliance function are responsible for ensuring that risk-based due diligence is implemented consistently across all business lines and geographies.

Policy review and amendments

This policy is reviewed annually or in response to regulatory changes, supervisory guidance, or material changes in Ffbet's risk profile. Updates are approved by the board and communicated to all staff.

Contact and escalation

For AML inquiries, or to report concerns, contact the Compliance team at [email protected]. The MLRO can be reached at [email protected]. General inquiries may be directed to the customer support team in accordance with ordinary governance channels.