Ffbet maintains an Anti‑Money Laundering (AML) and Countering the Financing of Terrorism (CFT) framework to prevent illicit financial activity within its services. This policy applies to all customers, prospective customers, corporate entities acting on behalf of customers, and Ffbet personnel involved in onboarding, account maintenance, or transaction processing. It governs all products and payment methods offered by Ffbet and extends to cross-border transfers conducted through the platform.
Ffbet complies with applicable AML/CFT laws and regulations and authority requirements as applicable to its licensing and operation. The company maintains oversight by the competent supervisory authorities and implements measures commensurate with the level of risk associated with its operations, products, and customer profiles. The AML/CFT program is subject to periodic reviews and updates to reflect regulatory changes, technological developments, and risk assessments.
The board and senior management appoint a designated AML Compliance Officer responsible for implementing, monitoring, and enforcing this policy. The Compliance Officer oversees suspicious activity reporting, internal controls, training, and liaison with regulators. All employees, managers, and contractors are expected to comply with AML/CFT requirements and to complete mandated training on an ongoing basis.
On onboarding, customers must provide accurate, current information to establish their identity and residential status. Verification is performed using government‑issued identification documents and proof of address. Acceptable identity documents include passports, national identity cards, or driver’s licenses; proof of address includes utility statements or bank statements dated within the last three months. The customer’s legal name must match the name on submitted documents.
Account verification must be completed within 30 days of registration. If verification is not completed within this period, access to certain features may be restricted, and ongoing activity may be limited or suspended until verification is achieved. Sharing or transferring access to another person is prohibited and may result in account lockout and withholding of funds.
Ffbet conducts ongoing monitoring of customer accounts and transactions to identify suspicious or unusual activity. Transactions that exceed USD 10,000 within a 24‑hour period are subject to heightened review. Monitoring considers transaction patterns, funding sources, destination accounts, customer geography, and product usage. Where indicators of risk emerge, additional verification or information requests may be issued.
Customers deemed high risk—based on factors such as geography, source of funds, business type, or adverse information—are subjected to enhanced due diligence. EDD may include additional identity verification, source-of-funds checks, more frequent monitoring, site verification, or third‑party checks. Access to services may be temporarily restricted pending completion of enhanced checks.
Ffbet screens customers, payment counterparties, and beneficial owners against sanctions lists and PEP/related watchlists. Where an individual or entity is identified as high risk or politically exposed, enhanced screening and ongoing monitoring are applied. Business with high‑risk jurisdictions is subject to proportionate controls in line with applicable regulatory guidance.
To reduce AML/CFT risk, Ffbet prohibits cash handling and ensures that funds are deposited and withdrawn using registered accounts and compatible payment methods. Funds must be debited and credited to the same account and method used for onboarding, and the payer name must match the customer records. Withdrawals are permitted only after successful verification and in the same currency as the original deposit, in accordance with the platform’s procedures.
Any activity that reasonably indicates money laundering or terrorist financing must be reported to the appropriate regulatory authority in accordance with legal requirements. Internal suspicious activity reports are escalated to the AML Compliance Officer for assessment and filing. Failure to report may expose the company and individuals to regulatory action and penalties.
Ffbet maintains customer identification documents, transaction records, and related due diligence information for a minimum period required by applicable laws and regulations, not less than five years after the end of the business relationship or after the last transaction. Records are stored securely and access is restricted to authorized personnel.
All personnel involved in customer onboarding, transaction processing, or AML screening receive ongoing AML/KYC training. Training covers identification of suspicious activity, proper escalation procedures, regulatory obligations, and updates to internal controls. The AML Compliance Officer ensures training completion and effectiveness assessments.
Ffbet’s AML/CFT controls extend to third‑party service providers. Contracts require compliance with AML/CFT policies, timely reporting of suspicious activity, and cooperation with audits or regulatory inquiries. Third parties must maintain appropriate security and data protection standards for customer information.
The AML/CFT framework is reviewed regularly and updated in response to regulatory changes, risk assessments, and operational developments. Material amendments are communicated to relevant stakeholders and implemented promptly to maintain effectiveness.
Personal data collected for AML/CFT purposes is processed lawfully, stored securely, and retained only for as long as necessary to satisfy regulatory obligations and internal controls. Access to personal data is restricted to authorised personnel and is governed by applicable privacy laws and internal security policies.
Ffbet conducts risk assessments to identify threats, vulnerabilities, and consequences related to AML/CFT. The process informs the allocation of controls and resources, focusing on high‑risk customers, products, and geographies. Risk levels are reviewed and adjusted as new information becomes available.
