Fuzo365 is committed to the highest standards of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance. This policy sets out the measures we take to prevent our platform from being used, knowingly or unknowingly, for money laundering, terrorist financing, or any other financial crime. It applies to all customers, employees, and partners of Fuzo365.
Money laundering is the process of disguising the origins of money obtained through criminal activity so that it appears to come from a legitimate source. It typically involves placing illicit funds into the financial system, layering them through transactions to obscure their origin, and integrating them back as apparently legitimate funds. We do not tolerate any activity of this kind on our platform.
We conduct our business in accordance with applicable anti-money laundering laws and regulations. We review our procedures regularly to ensure they remain effective and up to date, and we cooperate fully with regulators, law-enforcement agencies, and financial authorities in the jurisdictions in which we operate.
Before allowing full use of our services, and particularly before processing withdrawals, we require customers to complete identity verification (KYC). This may include a valid government-issued photo ID, proof of address, proof of payment-method ownership, and, where appropriate, proof of the source of funds. We reserve the right to request this information at any time.
Our services are strictly limited to individuals who are at least 18 years of age, or the legal gambling age in their jurisdiction, whichever is higher. We verify the identity and age of every customer and will suspend or close any account where identity or age cannot be satisfactorily confirmed.
We monitor customer activity on an ongoing basis to identify unusual or suspicious behaviour. Enhanced due diligence is applied to higher-risk customers and transactions, including large or frequent deposits, rapid deposit-and-withdrawal patterns with little or no betting activity, and inconsistencies between a customer's activity and their known profile.
Where a customer's deposits, betting patterns, or withdrawal requests give rise to concern, we may ask the customer to provide evidence of the source of their funds and wealth. We reserve the right to withhold withdrawals until satisfactory evidence has been provided.
As a general rule, funds are returned only to the same verified payment method and account from which they were deposited. We do not act as a financial institution, and customer accounts may not be used to transfer funds between individuals or to move money without genuine betting activity.
Our staff are trained to recognise the warning signs of money laundering and are required to report any suspicious activity internally. Where we have reasonable grounds to suspect money laundering or terrorist financing, we will file the appropriate reports with the relevant authorities and may do so without notifying the customer, in accordance with applicable law.
The following are strictly prohibited: using funds derived from criminal activity; using our platform to launder money or finance terrorism; providing false identity or verification documents; operating on behalf of an undisclosed third party; and holding or operating more than one account to circumvent our controls. Breach of these rules may result in immediate account closure and confiscation of funds, as permitted by law.
We screen customers against applicable sanctions lists and take additional measures in respect of politically exposed persons (PEPs). We do not knowingly provide services to individuals or entities subject to relevant financial sanctions.
We retain customer identification records, transaction histories, and related documentation for the period required by applicable law. These records are held securely and made available to regulators and law-enforcement agencies where legally required.
We reserve the right to suspend, restrict, or close any account, and to withhold or void funds, where we suspect money laundering, fraud, or any breach of this policy, or where required to do so by law.
Responsibility for AML compliance rests with our designated compliance function. All relevant staff receive training on their obligations under this policy, and we review and update our controls regularly to reflect changes in law and emerging risks.
We may update this AML Policy from time to time. Any changes will be posted on this page and take effect immediately upon publication.
If you have any questions about this AML Policy or wish to report a concern, please contact our compliance team at managment@fuzo365.com.