AML in 1win Canada
1win AML Policy takes all necessary steps to prevent money laundering and the fight against global terrorism and crime. In addition, the casino upholds a firm and moral stance on all laws and regulations pertaining to the prevention of all forms of illicit activity in Canada.
If there are any grounds for suspicion that the Canadian dollars you deposited are connected to money laundering or terrorism financing operations, the company is required to fulfill these commitments by informing the appropriate official authorities. The casino will also be required to block these funds and take any other actions mandated by the AML policy regulations.
What Is Meant by Money Laundering?
Money laundering is:
- Concealing or upholding the secrecy of facts about the real source, location, disposition, transportation, ownership, or other rights of property obtained through criminal conduct (or property acquired in exchange for such property);
- The use of property acquired through criminal activity (or property acquired in exchange for such property) for purposes of concealing its illicit origin or assisting those who engage in criminal activity to escape the consequences of their actions;
- A circumstance in which the property was acquired as a result of criminal activity committed on another state’s soil.
Obligations of 1win Users
Numerous countries are continually battling against money laundering and terrorist funding in order to stop the infiltration of illegal capital into the state’s economy and to stop the spread of crime, and Canada is not an exception. To assist states and international organizations in their global fight against money laundering and terrorist funding, 1win implements internal policies and unique programs of measures.
When you create a profile on the 1win site or 1win mobile app, you commit to the following:
- You guarantee that you will abide by all relevant laws and rules of anti-money laundering and counter-terrorist financing, including but not limited to this AML policy;
- You confirm that you have no proof or reason to believe that any money used to fund your profile, in the past, the present, or the future, came from an unauthorized source. You have no connection to money laundering or any other illicit activity that is against the law or the directives of any international body;
- Additionally, you consent to instantly give 1win any data it deems necessary to comply with the relevant anti-money laundering laws and regulations;
- Your identity papers and a record of each CAD transaction made in your account are gathered and kept by 1win Canada. The company may keep an eye on erroneous activity in the player’s profile, as well as unusual activity;
- The company maintains the ability to refuse the player’s request to complete a transaction at any time and stage if the company has grounds to suspect that the request relates in any way to illegal conduct or money laundering;
- 1win may perform initial and continuous identity checks on players in accordance with the internal AML Policy, depending on the degree of possible risk connected with each user;
- To verify your identity, the company will ask for only a certain amount of details from you;
- The casino will keep a record of the details and documentation that proves you are who you are, as well as the procedures followed and the outcomes of the checks;
- Your identity will be checked by the company against a list of suspected terrorists created by recognized government and non-governmental organizations.
Documents
The following documents may be requested from the player by the Company in order to check and verify the accuracy of the details:
- Passport;
- Identification card;
- An alternative document that has been issued by the nation’s government and includes the owner’s name, birth date, and photo.
