Welcome to Rock Paper Scissors Online Betting at onlineskg.com. We are committed to enforcing rigorous Anti‑Money Laundering (AML) and Know Your Customer (KYC) procedures to protect our users, maintain platform integrity, and comply with global financial standards. This document outlines how we verify user identity, monitor transactions, and respond to suspicious activity.
🎯 Purpose & Objectives
The objectives of this AML & KYC policy are to:
- Prevent the misuse of our platform for money laundering or terrorist financing
- Verify that all users are legitimate and accountable
- Safeguard user assets and personal data from fraud or misuse
- Comply with applicable international, regional, and local legal standards
📚 Legal & Regulatory Foundation
Rock Paper Scissors Online Betting aligns with major anti‑money laundering and financial regulations, including:
- EU Directive 2015/849 regarding prevention of abuse of the financial system
- EU Regulation 2015/847 on information accompanying transfers of funds
- Global sanctions and embargo controls, especially for dual-use goods
- Relevant national AML and KYC laws applicable to our operations
🔍 Definition of Money Laundering
Money laundering typically includes:
- Conversion or transfer of property derived from criminal activity
- Concealment or disguise of the true source, ownership, or movement of illicit assets
- Possession or use of assets known to originate from crime
- Participation in or facilitating any of the above acts
Even if the original crime happens in another country, laundering the proceeds remains illegal.
🧾 Customer Identification & Verification (KYC)
We use a three-step verification process to ensure compliance and protect users:
✅ Step 1: Basic Verification (All Users)
- First name, last name, date of birth
- Country of residence
- Gender and full postal address
This information must be accurate before any withdrawal is permitted.
✅ Step 2: Enhanced Verification (For Transactions Over $2,000)
- Government-issued photo ID (passport, ID card, driver’s license)
- Handwritten note with a six-digit random code beside the ID
- Selfie of the user holding the ID
If automated checks cannot confirm identity, a proof of address (e.g. utility bill, government letter) may be required.
✅ Step 3: Source of Funds / Wealth Verification
For transactions above $5,000 or peer-to-peer transfers over $3,000, proof of financial origin is required. Acceptable documentation includes:
- Salary or employment income statements
- Business ownership or corporate documents
- Bank or investment account statements
- Inheritance, gift, or family support evidence
Pending approval, withdrawal and account privileges may be restricted.
🏠 Proof of Address
If address verification fails, users must provide an official document issued within the past 3 months with their name and address. Examples include:
- Utility bills (electricity, water, gas)
- Bank statements
- Government correspondence
🌍 Country Risk Classification
We apply risk-tier classifications by users’ country of residence:
| Risk Tier | Description | Verification Thresholds |
|---|---|---|
| Low Risk | Countries with strong regulatory and financial oversight | Standard three-step KYC |
| Medium Risk | Countries with moderate oversight or transparency challenges | Step 2 from $1,000 | Step 3 from $2,500 |
| High Risk | Sanctioned or high-fraud jurisdictions | Access restricted or denied |
📡 Transaction Monitoring & Controls
We monitor all financial activity in real time using advanced systems and human oversight, focusing on patterns like:
- Large deposits followed by immediate withdrawals
- Frequent switching of payment methods
- Usage from new or suspicious devices/locations
- Mismatch in account or identity updates
🔁 Deposit / Withdrawal Matching
Withdrawals must use the same method as deposits to reduce third-party laundering risk. Exceptions may require further verification.
📊 Enterprise-Wide Risk Assessment
onlineskg.com carries out a yearly enterprise risk assessment to evaluate threats, refine policies, and adapt to evolving challenges. This includes:
- Analyzing service-related exposures
- Transaction behavior and volume trends
- User geography and demographic risk factors
- Payment partners and channel risks
🚨 Suspicious Activity Reporting (SAR)
When unusual or suspicious activity is detected:
- It is reviewed by internal compliance
- Escalated to senior staff if warranted
- A formal report (SAR) may be submitted to relevant authorities
Accounts may be suspended immediately to preserve data integrity and prevent further risk.
📁 Record Retention Policy
We maintain secure records according to regulatory requirements:
- KYC Documents: Retained for at least 10 years after account closure
- Transaction Logs: Retained for at least 10 years from transaction date
All records are encrypted and access-limited to authorized compliance personnel.
🔐 Data Privacy & Security
We protect your personal and financial data vigorously. We do not sell or share your information unless legally mandated. All stored data is encrypted, access-controlled, and handled according to established privacy standards.
🧠 Staff Training & Compliance Oversight
All team members at Rock Paper Scissors Online Betting participate in regular AML/KYC training, including:
- Onboarding certification
- Annual refresher courses
- Updates based on regulatory and industry changes
📋 Policy Review & Updates
This policy is reviewed annually or whenever legal or operational changes occur. Updates will be published to the website and communicated to users when significant.
📬 Contact & Compliance Support
If you have queries about this policy or wish to report suspicious behavior, contact us at:
- Compliance Email: [email protected]
- Support Email: [email protected]
✅ Final Disclaimer
By using onlineskg.com, you acknowledge and agree to this AML & KYC policy. We reserve the right to:
- Modify or update the policy at any time
- Suspend or terminate non-compliant accounts
- Report suspected wrongdoing to regulatory or law enforcement authorities
Last Updated: September 24, 2025