Anti-Money Laundering (AML) Policy at King Billy Casino

King Billy Casino is committed to preventing money laundering, terrorism financing, fraud, and other unlawful financial activities. This Anti-Money Laundering (AML) Policy defines the procedures used to verify customer identity, monitor financial transactions, and comply with applicable regulatory standards. These controls protect the integrity of the gaming environment and support lawful operation for users located in Australia.

The casino operates under a licence issued by the Curaçao Gaming Control Board and applies AML and Know Your Customer (KYC) procedures in accordance with recognised international standards. For Australian users, monitoring and reporting principles are aligned with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) administered by AUSTRAC.

Objectives of the AML Policy

The primary objective of this AML Policy is to prevent the platform from being used for illegal financial activity. This includes identifying, assessing, and mitigating risks related to money laundering, identity fraud, and unlawful fund transfers.

The policy establishes internal controls to verify customer identity, detect suspicious transaction patterns, and restrict access from prohibited jurisdictions. It ensures that all financial activity conducted through King Billy Casino is linked to verified individuals and legitimate sources of funds.

Key objectives include maintaining compliance with licensing conditions, implementing structured risk assessment procedures, protecting the financial system from misuse, and ensuring timely reporting of suspicious activity to competent authorities.

Customer Identification (KYC)

King Billy Casino applies a structured Know Your Customer (KYC) framework to verify the identity of users before withdrawals are approved and, where necessary, prior to certain deposit activity. During registration, users must provide accurate personal details including full legal name, date of birth, residential address in Australia, and valid contact information.

Verification may require submission of government-issued photo identification, proof of residential address dated within the previous three months, and confirmation of payment method ownership. Documentation is reviewed by the compliance team to confirm authenticity and consistency with the registered account profile.

Enhanced Due Diligence procedures may be applied where higher risk indicators are identified. These procedures can include additional documentation requests and source-of-funds verification. Accounts remain restricted from withdrawal processing until verification requirements are completed.

Transaction Monitoring

All deposits and withdrawals are subject to automated and manual transaction monitoring controls. Financial activity is analysed in real time to identify irregular patterns, including rapid deposit and withdrawal cycles, unusual betting-to-withdrawal ratios, or inconsistent payment method usage.

Monitoring measures include review of large or structured deposits, detection of linked account activity, and consistency checks between account information and payment instruments. Where internal alerts are triggered, the account may be placed under review.

During a compliance review, withdrawal processing may be temporarily suspended pending completion of required checks. Any attempt to circumvent identity verification or obscure the origin of funds is treated as a compliance concern.

Reporting and Record-Keeping

King Billy Casino maintains secure records of customer identification data, transaction history, and compliance assessments. Documentation is retained for a minimum period of five years from the end of the customer relationship in accordance with regulatory standards.

Where suspicious activity is identified, reports may be submitted to relevant authorities as required by law. In relation to Australian regulatory principles, reporting practices are aligned with obligations consistent with AUSTRAC guidance.

The casino does not disclose the existence or content of any suspicious activity report to the affected account holder. Record-keeping systems ensure accurate documentation and secure storage of compliance-related information.

Compliance and Cooperation

King Billy Casino operates in accordance with the regulatory framework of its licensing authority and applies internationally recognised AML standards. Internal policies are reviewed periodically to ensure alignment with evolving regulatory requirements.

The operator cooperates with regulatory bodies, financial institutions, and law enforcement agencies in response to lawful information requests. Cooperation may include provision of transaction records, identification documentation, and compliance reports where legally required.

Personnel involved in compliance functions receive training on AML risk indicators, escalation procedures, and reporting protocols to maintain consistent regulatory adherence.

Player Responsibilities

Account holders are required to provide accurate and complete information during registration and verification processes. Submission of false, misleading, or incomplete documentation may result in account suspension or termination.

Deposited funds must originate from lawful sources, and payment methods used must be registered in the account holder’s own name. Use of third-party payment instruments is prohibited under the AML framework.

Failure to comply with AML and KYC requirements may lead to delayed withdrawals, temporary account restrictions, or permanent account closure. Compliance with identity verification and transaction monitoring procedures is a mandatory condition of using the platform.

Through structured identity verification, transaction monitoring, reporting obligations, and cooperation with competent authorities, King Billy Casino maintains safeguards designed to prevent misuse of its services and support lawful gaming activity for users in Australia.