Know Your Customer (KYC) and Anti-Money Laundering (AML) Policy

Ocean Casino

Last updated: May 28, 2025

At Ocean Casino, we strictly adhere to policies against money laundering, terrorist financing, and any other illegal financial activities. In accordance with our internal AML policies and international regulatory standards, we have implemented reliable measures to verify users, monitor transactions, and report suspicious activities to the relevant authorities.

1. Introduction

1.1 Scope and Objectives of the Policy

This policy describes the processes and commitments related to customer identification (KYC) and anti-money laundering (AML) and counter-terrorist financing. Ocean Casino complies with all applicable laws, regulations, and international standards aimed at combating illegal financial activities and protecting the integrity of our operations.

1.2 Commitment to Compliance

We use strict internal procedures and verification methods to ensure:

• All funds deposited into players' accounts come from legitimate sources.
• We fully comply with all applicable anti-money laundering laws and regulations.
• We will promptly report any suspicious activity related to terrorist financing or money laundering to the relevant authorities.
• In case of suspicion, we reserve the right to freeze the relevant funds and take further action in accordance with internal AML policies and legislation.

2. Definition of Money Laundering

Money laundering is the process of concealing or disguising the origin, location, transfer, or ownership of illegally obtained assets. It also includes transferring, receiving, storing, or using such assets for the purpose of hiding their illegal origin or evading law enforcement. Money laundering activities can occur at both national and international levels.

3. Our Commitments Regarding KYC and AML

3.1 User Obligations

By registering at Ocean Casino, you agree to the following terms:

• Legal Compliance: You are committed to complying with all applicable laws regarding anti-money laundering and terrorist financing, including our internal AML policies.
• Legitimacy of Funds: You confirm that the funds used for gaming are not related to criminal activities and are not intended to finance such activities.
• Information Provision: You agree to provide any necessary documents or information upon request to comply with AML and KYC standards.

3.2 Data Collection and Verification

In compliance with regulatory requirements, Ocean Casino is obligated to securely collect and store the following information and documents:

• Initial Identification: We request the minimum necessary data for identity verification, including:
  • Full name
  • Date of birth (for individuals)
  • Residential or registered address
  • Source of funds deposited into the account
• Document Verification: To confirm the data, it may be necessary to provide an identification document (passport, national ID, or any other official document showing your name and date of birth).
• Ongoing Monitoring: After verification, accounts will be continuously monitored to identify suspicious activities. All transactions will be checked for compliance with AML requirements and sanctions laws.

3.3 Information Verification and Reporting

Verification: Personal data and documents will be checked against sanction lists and other relevant international lists.

Transaction Monitoring: All transactions will be subject to analysis, especially in high-risk situations. If suspicions arise, we reserve the right to:

• Refuse or freeze the transaction
• Report suspicious information to governmental or international regulatory authorities without prior notice to the user

4. Internal Controls and Data Retention

4.1 Record Keeping

All identification information, documents, and transaction reports will be securely stored in accordance with applicable standards and Ocean Casino's internal policies.

4.2 Continuous Verification

Verification is not only conducted at the time of registration but also continuously based on the user's risk level. We reserve the right to request documents again to update information.

4.3 Service Refusal

If we have reason to believe that a transaction is related to money laundering or any other illegal activity, we reserve the right to refuse to execute or cancel the transaction in accordance with the law. The user may not be notified of this decision in advance.

5. User Acknowledgment

By creating and using an account at Ocean Casino, you acknowledge and agree that you must:

• Provide accurate and complete information during registration and verification.
• Cooperate when requested to provide additional data or documents.
• Understand that non-compliance with these terms may result in the suspension or closure of your account, as well as other legal actions.

6. Contact Information

If you have any questions regarding this AML/KYC policy or need clarification, please contact our compliance service:

Email: [email protected]

This policy is provided for informational purposes only and does not constitute legal advice. For professional advice, please consult a qualified expert.