ShakeBet – Anti-Money Laundering (AML) Policy

We Protect the Game. We Protect You.

At ShakeBet, trust is the foundation of everything we do. Our Anti-Money Laundering (AML) Policy outlines the measures we take to prevent our platform from being misused for money laundering or terrorist financing. By strictly complying with regulations, implementing robust internal controls and conducting ongoing monitoring, we create a safe and transparent gaming environment.

By using ShakeBet, you agree to this policy and undertake to comply with it.

Purpose of Our Anti-Money Laundering Policy

ShakeBet’s AML programme aims to:

  • Prevent the use of ShakeBet for money laundering or terrorist financing.
  • Ensure compliance with all applicable EU regulations and anti-money laundering laws.
  • Protect ShakeBet’s reputation and provide a safe gaming environment for all users.

Our Key AML Components

1. Know Your Customer (Customer Due Diligence – CDD)

We conduct a comprehensive review of every player:

  • Identity verification
    • Identity is verified using reliable and independent sources upon registration and whenever higher risk levels are identified.
  • Ongoing monitoring
    • All transactions and behaviour are monitored to identify suspicious patterns or unusual activity.
  • Enhanced Due Diligence (EDD)
    • Additional checks are carried out on customers or transactions classified as high risk, for example due to geographical location or gaming volume.

2. Documentation and Record-Keeping

We retain detailed information in accordance with applicable legal requirements, including:

  • Customer information and verification documents.
  • Gaming and transaction history.
  • Reports of suspicious activity.

3. Detection and Reporting of Suspicious Activity

Our systems and employees are trained to respond quickly when irregularities are identified:

  • Internal reporting
    • Employees report suspicious activity directly to our AML Compliance Officer.
  • External reporting
    • Where required, Suspicious Activity Reports (SARs) are submitted to the relevant authority within the applicable jurisdiction.

4. Training and Awareness

Knowledge is our most important safeguard. All employees receive regular training in the following areas:

  • Risks associated with money laundering and terrorist financing.
  • How to identify suspicious behaviour.
  • The correct handling of reporting procedures and documentation.

5. Risk Assessment and Management

We proactively assess and manage risks by:

  • Assessing customer risk based on geographical location, behaviour and gaming habits.
  • Adjusting internal controls based on identified threats.
  • Regularly reviewing our risk management programme.

Roles and Responsibilities

AML Compliance Officer

The appointed AML Compliance Officer is responsible for:

  • Implementing and maintaining this AML Policy.
  • Ensuring compliance with applicable laws and regulations.
  • Conducting internal reviews and reporting to the relevant authorities.
  • Managing and investigating suspicious activity.

Management and Employees

Everyone at ShakeBet has the following responsibilities:

  • Comply with the AML Policy and internal procedures.
  • Attend training and remain up to date with relevant requirements.
  • Report suspicious activity to the AML Compliance Officer.

 Policy Review

We regularly update our AML Policy to:

  • Adapt to changing regulations within the EU.
  • Address newly identified risks.
  • Ensure the effectiveness of our internal controls.

All significant updates are communicated to both employees and users.

Credibility Begins with Responsibility

ShakeBet’s anti-money laundering measures are not merely a legal requirement; they are a commitment. Through intelligent technology, trained personnel and continuous monitoring, we protect both our users and our business. At ShakeBet, you play in an environment built on integrity, fairness and trust.

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