Definitions ML

AML (Anti-Money Laundering) policy

//1cash.games implemented measures, processes, and internal controls into its daily business operations, which consider the nature of the https.//1cash.games’s clients and services carried out by https.//1cash.games With these measures, processes, and internal controls in place https.//1cash.games meets all legal requirements related to measures preventing money laundering and terrorist financing, as required by applicable Curacao legislations. https.//1cash.games has prepared AML Policy regarding the prevention of money laundering to prove its commitment for detection, prevention, and reporting to national authorities of all attempts of using https.//1cash.games’s services for any kind of transaction which would meet the statutory definition of money laundering and/or terrorist financing, or which presents any other form of illegal financial transactions. AML Policy is modified and upgraded by changing legislation and good practice in the industry. The content of the AML Policy covers.

• • the internal organization of processes related to prevention of money laundering;
• • due diligence process (also known as “Know your customer or KYC”)
• • money laundering risk assessment;
• • non-eligible and eligible categories of clients;
• • enhanced due diligence measures;
• • reporting obligations (towards competent authorities).

In order to comply with Anti-Money Laundering (AML) procedures, we require a 1x mandatory wager on all deposits before initiating a withdrawal request. Failure to meet this requirement may result in restrictions or denial of withdrawal until it is fulfilled. Once the one-time turnover requirement is met, users can request withdrawals based on the profit earned from their deposit. For instance, if User A deposits $100, they must engage in $100 worth of wagers to initiate a withdrawal. If User A subsequently generates a profit of $58 from this 1x wagering activity, the accurate withdrawal amount for User A is $158. Users can participate in additional wagering activities to accumulate further rewards.