1. Purpose and Scope
Sneket Casino is committed to preventing the platform from being used for money laundering, terrorism financing, or any other form of financial crime. This Anti-Money Laundering (AML) Policy sets out the procedures we follow to detect suspicious activity and meet all obligations under our gaming licence and applicable financial regulations.
This policy applies to all players, transactions, and employees of Sneket Casino.
2. Customer Due Diligence (KYC)
Standard verification
All players must complete identity verification before their first withdrawal. Standard KYC requires:
- Government-issued photo ID (passport or driver's licence)
- Proof of address issued within the last three months (utility bill, bank statement)
- Confirmation that the payment method belongs to the account holder
Enhanced due diligence
Players who deposit or withdraw significant sums, or who trigger automated risk flags, may be asked to complete enhanced due diligence. This can include:
- Source of funds declaration
- Source of wealth documentation
- Additional identification documents
Accounts subject to enhanced due diligence will have withdrawals held pending until verification is complete.
3. Transaction Monitoring
All financial activity on the platform is monitored by automated systems. These systems flag transactions that display unusual patterns, including:
- Deposits followed immediately by withdrawals with minimal game play
- Multiple deposits from different payment methods in a short timeframe
- Deposits that are inconsistent with the player's stated income or occupation
- Sudden, unexplained increases in deposit frequency or amounts
Flagged accounts are reviewed by our compliance team. We reserve the right to freeze withdrawals pending investigation.
4. Red Flag Indicators
Our compliance team is trained to identify the following indicators of potential money laundering:
- A player being reluctant or unable to provide identity documents
- A player depositing large sums and withdrawing with minimal play
- Use of multiple payment methods without clear justification
- Player's account activity inconsistent with stated occupation or location
- Accounts with unusual win patterns that are statistically improbable
- Third parties attempting to fund or access an account on behalf of the registered player
5. Reporting Obligations
Where our compliance team concludes that a transaction or pattern of transactions is suspicious, we are legally required to file a Suspicious Activity Report (SAR) with the relevant financial intelligence authority. This is a legal obligation that takes precedence over any other consideration, including player confidentiality.
We are prohibited by law from informing a player that a SAR has been filed about their account ("tipping off" laws).
6. Record Keeping
We retain all KYC documentation and transaction records for a minimum of five years after account closure, in line with our gaming licence conditions and applicable financial regulations. In some jurisdictions this retention period may be extended to seven years.
7. Staff Training
All employees who handle player accounts, payments, or compliance matters receive AML training on joining the company and annually thereafter. Training covers the legal framework, red flag recognition, internal reporting procedures, and obligations around confidentiality.
8. Contact
If you have questions about this AML Policy or your verification requirements, contact our compliance support team via live chat on sneket-au.com or by email at compliance@sneket-au.com.