Anti-Money Laundering Policy

Dake Casino is committed to the highest standards of Anti-Money Laundering (AML) compliance and requires management, employees, and affiliates to adhere to these standards in preventing the use of our services for money laundering purposes.

1. Purpose

This AML Policy aims to prevent the use of our platform for illegal purposes, including:

• Money laundering
• Terrorist financing
• Fraud
• Any other financial crimes

2. Definition of Money Laundering

Money laundering is the process of making illegally-obtained proceeds appear legal. This typically involves three stages:

• Placement: The initial entry of "dirty" money into the financial system
• Layering: Concealing the source of money through complex transactions and bookkeeping
• Integration: Making the money available for use from seemingly legitimate sources

3. Risk-Based Approach

Dake Casino implements a risk-based approach to detect and prevent money laundering, including:

• Wallet verification and monitoring procedures
• Transaction monitoring and suspicious activity detection
• Record keeping and reporting obligations
• Staff training and awareness programs

4. Customer Due Diligence

We perform customer due diligence measures, including:

• Verifying wallet ownership through cryptographic signatures
• Monitoring on-chain transaction patterns
• Obtaining information on the purpose and intended nature of the business relationship
• Conducting ongoing monitoring of transactions and relationships

5. Prohibited Activities

The following activities are strictly prohibited on our platform:

• Creating multiple accounts to circumvent deposit or withdrawal limits
• Using mixers or tumblers to obscure fund origins
• Attempting to convert gambling credits outside of normal procedures
• Any form of collusion or fraud
• Using stolen funds or wallets

6. Transaction Monitoring

Our systems monitor all transactions for suspicious activity. This includes:

• Unusual transaction patterns or amounts
• Rapid movement of funds with minimal gameplay
• Transactions inconsistent with the user's profile or history
• Multiple wallets linked to the same individual or device

7. Reporting

We maintain the right to report suspicious activities to relevant authorities and may:

• Freeze or suspend accounts pending investigation
• Request additional verification from users
• Refuse transactions or close accounts
• Report to law enforcement agencies when required

8. Record Keeping

Dake Casino maintains comprehensive records of:

• All wallet addresses and verification data
• Transaction records and account activity
• Communication records related to due diligence
• Reports of suspicious activities

These records are kept for a minimum of five years after the business relationship ends.

9. Contact

If you have any questions about our AML policy or wish to report suspicious activity, please contact us at compliance@dake.casino.

Last updated: December 2024