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Anti-Money Laundering (AML) Policy

Aphrodite › AML Policy

Aphrodite Casino is committed to the highest standards of anti-money laundering (AML) compliance and the prevention of financial crime. This AML Policy outlines the measures, procedures, and internal controls implemented by Aphrodite Casino to detect, prevent, and report any potential money laundering or terrorist financing activities in strict accordance with the applicable laws and regulatory requirements of the United Kingdom, including but not limited to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.

1. AML Policy Objectives

The primary objectives of this AML Policy are to ensure that Aphrodite Casino operates in a manner that deters and detects money laundering and terrorist financing activities, to establish robust processes for customer identification and verification, to monitor customer transactions for suspicious activity, and to ensure timely reporting of any suspicious matters to the relevant authorities. All employees, contractors, and agents of Aphrodite Casino are required to comply with this policy and associated procedures.

2. Customer Due Diligence (CDD) Procedures

Aphrodite Casino implements rigorous Customer Due Diligence procedures for all customers. These procedures include the identification and verification of customers’ identities prior to the establishment of a business relationship or the execution of any transactions above the regulatory thresholds. The following CDD measures are applied:

  • Collection of full name, date of birth, residential address, and valid identification documents (such as a passport, national ID card, or driver’s license).
  • Verification of identification documents using reliable and independent sources.
  • Assessment of the customer’s source of funds and, where necessary, source of wealth to ensure legitimacy.
  • Ongoing monitoring of the business relationship to ensure consistency with the customer’s profile and risk rating.

Enhanced Due Diligence (EDD) is conducted for customers presenting a higher risk of money laundering or terrorist financing, including politically exposed persons (PEPs), customers from high-risk jurisdictions, and instances where complex or large transactions are detected.

3. Transaction Monitoring

Aphrodite Casino continuously monitors all customer transactions using automated and manual systems to detect unusual or suspicious activity. Transactions that are inconsistent with a customer’s known profile, involve unusually high amounts, frequent deposits and withdrawals, or other red flags are subject to further scrutiny. The monitoring process includes:

  • Real-time and retrospective analysis of transaction patterns and behaviors.
  • Automated alerts for transactions exceeding predefined thresholds.
  • Escalation procedures for transactions identified as suspicious or unusual.

All suspicious transactions are promptly investigated by the Compliance Team and, where required, reported to the relevant authorities in accordance with UK regulations.

4. Record-Keeping

Aphrodite Casino maintains comprehensive records of all customer identification data, transaction histories, and AML-related documentation for a minimum period of five years from the date of the transaction or the termination of the business relationship, whichever is later. These records are securely stored and made available to competent authorities upon request, as required by law.

5. Reporting Suspicious Activity

Employees of Aphrodite Casino are required to report any knowledge or suspicion of money laundering, terrorist financing, or other financial crime to the designated Money Laundering Reporting Officer (MLRO) without delay. The MLRO is responsible for assessing all internal reports, determining whether a Suspicious Activity Report (SAR) should be submitted to the National Crime Agency (NCA), and ensuring compliance with all statutory reporting obligations.

6. Ongoing Training and Awareness

Aphrodite Casino provides regular AML training to all relevant staff. This training covers the legal and regulatory requirements, internal policies and procedures, methods of detecting suspicious activity, and reporting obligations. The effectiveness of training is reviewed periodically to ensure that all staff are equipped to identify and manage money laundering risks.

7. Risk Assessment and Management

Aphrodite Casino conducts periodic risk assessments to identify and mitigate risks related to money laundering and terrorist financing. The risk assessment process considers factors such as customer types, transaction patterns, products and services offered, delivery channels, and geographic risk. Controls and procedures are adjusted in response to changes in the risk environment or regulatory requirements.

8. Data Protection and Confidentiality

All personal data and information collected for AML purposes are processed in accordance with the UK Data Protection Act 2018 and the General Data Protection Regulation (GDPR). Customer information is handled securely and confidentially, and will only be disclosed to competent authorities or as required by law.

9. Policy Review

This AML Policy is reviewed and updated regularly to ensure ongoing compliance with the latest legal and regulatory developments. Any amendments to this policy will be communicated to all relevant personnel and, where applicable, to customers.

10. Contact Information

For further information regarding this AML Policy or to report any suspicious activity, please contact the Aphrodite Casino Compliance Team or the designated Money Laundering Reporting Officer via the contact details provided on our website.