BC.GAME Nigeria Anti-Money Laundering Policy
This company strives to ensure that the services on the site are reliable and that your stay is safe and legal. To this end, the online casino complies with all international and national laws in the gambling industry and other areas. For example, BC.GAME Nigeria has a strong focus on combating money laundering and other financial crimes. This is not only a personal desire of the company to make the space safe, but also a commitment to regulators. Bcgame is operated by BlockDance B.V., which has an official registration number 158182 and is licensed by the Government of Curacao.
To ensure that users understand the seriousness of the problem and are aware of the severity of the punishment, the company has developed a corresponding document. It displays the basic procedures that are necessary to achieve a safe environment on the site, as well as the responsibilities of players. Before playing on the site, users should carefully study this document.
Definition
The use of illegally obtained funds is not the only parameter that determines money laundering. BC.GAME Nigeria recommends users to study those aspects that will be considered a violation of the law and fall under the definition of this crime:
- Placement. Using financial institutions to place money that was obtained illegally;
- Delamination. It is a process that aims to separate illicit funds from their source through complex banking transactions. This includes converting cash into checks, wire transfers, stocks or bonds;
- Integration. The use of legal transactions in order to hide illegally obtained funds helps return this money to criminals and use it in real life.
Anti-money laundering measures
BC.GAME Nigeria wants its website to be safe and free from financial crime, despite the risks that exist. To reduce them, the company is taking the following actions:
- Verifying the identity of all new users through personal documents.
- Processing large deposits or first withdrawals using the Know Your Customer procedure. This includes comprehensive verification of identity, payment methods, and money;
- Constantly assessing the risks of fraud or money laundering on the site;
- Dividing players into categories depending on the degree of risk and vulnerability to crime;
- Cooperation with law enforcement agencies;
- Execution of reporting to the competent authorities;
- Organization of regular audits by independent institutions.