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Our AML Policy is designed to:

Protect our Platform:
By preventing the use of ForeverBet’s services for illegal activities.

Ensure Compliance:
With applicable laws and regulations, including EU directives, Tobique regulations, and guidance from international bodies such as the Financial Action Task Force (FATF).

Adopt Global Best Practices:
Through written procedures, continuous training, and independent reviews.

While we are not a traditional financial institution, we follow AML guidelines applicable to gaming and digital asset services and continuously monitor regulatory developments to update our controls accordingly.

Money Laundering:
The process of converting illegally gained proceeds into apparently legitimate funds through placement, layering, and integration.

Suspicious Activity:
Any behavior or transaction that indicates potential involvement in fraudulent or illegal activities.

Sanctions:
Measures imposed by governments or international bodies to restrict activities with targeted individuals, entities, or countries.

ForeverBet’s AML framework is overseen by our Money Laundering Reporting Officer (MLRO), who is responsible for:
• Implementing and maintaining our AML policies, procedures, and controls.
• Coordinating training and awareness programs for all relevant personnel.
• Conducting independent reviews and ongoing risk assessments.

We also perform regular reviews of our third‑party service providers to ensure their AML controls are consistent with our standards and regulatory requirements.

For compliance purposes, only registrations by individual, verifiable persons are accepted. Anonymous or fictitious accounts will be closed. We follow a risk-based approach to customer identification and verification, which includes:

Initial Verification (KYC):
Collection of basic information such as name, date of birth, contact details, and wallet address during account registration. Verification through official documents (passport, ID card, or driver’s license) and proof of address.

Enhanced Due Diligence (EDD):
For customers whose transactions exceed certain thresholds or who are flagged as higher risk, we will require additional information such as a liveness check and proof of source of funds/wealth. These measures help ensure the legitimacy of your transactions.

We also employ automated checks and third‑party service providers to screen customers against global sanctions lists and ensure that customers are not from prohibited or high‑risk jurisdictions. Additionally, we perform internal checks to ensure that individuals who have previously self‑excluded are not allowed to register.

Our risk‑based approach may also consider the geographic origin of our users; customers from higher‑risk jurisdictions may be subject to enhanced due diligence or, in certain cases, may be restricted from using our services.

To safeguard against illicit activity, we have implemented a robust transaction monitoring program that includes:

Automated and Manual Controls:
Use of in‑house systems and third‑party tools to monitor transactions and detect red flag indicators.

Risk‑Based Measures:
Monitoring transaction patterns for unusual size, volume, or frequency. Implementing additional verification measures if suspicious activity is detected.

Geo‑blocking and Risk Categorization:
We may restrict services based on the user’s location and risk level, including blocking users from jurisdictions where our services are prohibited.

Ban Evasion Detection:
Identifying attempts by users to circumvent restrictions by using multiple accounts or changing methods of deposit/withdrawal.

All suspicious transactions are reviewed by our Compliance team, and if necessary, we will report such activity to the appropriate authorities.

Record Keeping:
We maintain records of customer identification and transaction data for a minimum of ten years after the end of the business relationship.

Training:
All employees receive periodic AML training tailored to their roles, ensuring awareness of the latest regulatory developments and internal procedures.

Auditing:
Regular internal audits are conducted to assess the effectiveness of our AML controls and ensure compliance with our policies.

We conduct an enterprise‑wide risk assessment on an annual basis to continuously evaluate and enhance our AML controls and procedures.

If any employee or system identifies suspicious or unusual activity, a report will be generated and, if necessary, escalated to our Compliance team for further investigation. Depending on the findings, we may:
• Report the activity to the relevant regulatory authority.
• Suspend or terminate customer accounts if deemed necessary to protect our platform.

For questions or concerns regarding our AML and KYC Policy, please contact us at: [email protected]

If you have any complaints about our AML and KYC procedures, please contact us via the same email address.