BC.GAME Anti-Money Laundering Policy
BC.GAME Bangladesh is a reliable online casino that values its reputation and complies with all legal regulations. One of the areas that the company’s management pays attention to is the fight against money laundering. To ensure that their website is safe and free from financial crime, the online casino has developed an appropriate policy. This document reflects the basic definitions, as well as methods of combating such crimes.
This policy complies with all legal regulations as BC.GAME Bangladesh is operated by BlockDance B.V., which has an official registration number 158182 and a license from the Government of Curacao under number 5536/JAZ.
Any user who wants to start playing on the site must read the document and confirm their agreement with it. The company also has the right to change or supplement this policy with necessary articles at any time. Therefore, players are advised to visit the relevant section from time to time to stay informed and avoid problems in the future.
Definition
BC.GAME Bangladesh carefully monitors all actions performed by the player regarding deposits and withdrawals. Besides, money laundering is a complex and broad definition that includes some details:
- Placement. Using financial and other institutions to place funds that were obtained illegally;
- Delamination. It is an attempt to separate and hide illicit funds from their source through complex financial transactions, including the conversion of cash into bank checks, bonds, money orders, stocks, and so on;
- Integration. An attempt to take advantage of legitimate transactions to hide illicit proceeds and return laundered money to criminals.
Preventive measures
The Company recognizes that online casinos are subject to risks of fraud, money laundering, and terrorist financing. At the same time, it must do everything possible to prevent such crimes. Therefore, BC.GAME Bangladesh proves its commitment to fighting financial crime through the following actions:
- Collection and processing of users’ personal data;
- Verification of the identity and documents of all new players;
- Verification of the first withdrawal and all suspicious deposits through the Know Your Customer procedure;
- Constant assessment of the site’s risks for money laundering;
- Analysis and identification of players who can be considered at risk;
- Providing reports to law enforcement and other authorities;
- Conducting regular audits by independent organizations.
Player Responsibilities
In order to be able to withdraw money, the user must win back the entire deposit amount. Until the player fulfills this requirement, they will not be able to receive funds. For example, if a user makes a deposit of 500 Bangladeshi Taka, they must bet the same amount before withdrawal becomes available. So, if the player makes a profit of 100 Bangladeshi Taka from this 1x wagering activity, the exact withdrawal amount for the user will be 600 Bangladeshi Taka.