AML & KYC Policy – HotBetGroup (hotbet.group)

Purpose of the AML Policy at The Main Site of Hot Bet

Our AML policy aims to prevent the use of our services for criminal purposes such as money laundering, fraud, or terrorism financing. Through user verification, transaction monitoring, and legal compliance, we ensure a safe environment for all users.

Legal Framework & Global AML Compliance

• Directive 2015/849 (EU): Financial system protection from money laundering.
• Regulation 2015/847 (EU): Standards on fund transfers.
• Iranian AML Law (1386/2007): National regulations on cash restrictions and AML obligations.
• GDPR & Iranian Data Protection Act: Ensures personal data protection.

What Is Money Laundering?

Money laundering is the process of disguising the illegal origin of financial assets. It includes:

• Transferring criminal proceeds into legitimate systems.
• Concealing ownership or control of illicit funds.
• Using another person’s identity to process illegal transactions.
• Assisting others in the above actions.

AML Organizational Responsibility

The AML strategy at The Main Site of Hot Bethe executive team. An independent Anti-Money Laundering Compliance Officer (AMLCO) ensures implementation and reporting. Major policy changes are approved by senior management.

Three-Step Verification (KYC) at hotbet.group

Step 1: Initial Verification

• Full Name
• Date of Birth
• Gender
• Country of Residence
• Residential Address

Step 2: ID Verification

Applies to users depositing/withdrawing over $2,000:

• Official photo ID with six-digit code
• Live facial photo
• Electronic cross-check with government databases
• If needed: Utility bill or residency certificate

Step 3: Source of Wealth Verification

Required for:

• Deposits/withdrawals over $5,000
• User-to-user transfers over $3,000

Proof of funds may include income statements, business ownership, inheritance documents, or bank transactions.

KYC Documentation for The Main Site of Hot Bet

Acceptable Identity Documents

• Passport, Driver’s License, or National ID
• All four corners must be visible
• Blur personal fields not required by policy

Proof of Address Requirements

• Utility bill, bank statement, or government letter
• Issued within 90 days
• High resolution and clearly readable

Source of Wealth Examples

• Salary or Employment
• Business Income
• Investments or Dividends
• Inheritance or Family Transfers

Risk-Based User Classification

Continuous Transaction Monitoring

Level 1: AI-Powered Monitoring

• Analyzes withdrawal/deposit patterns
• Detects account misuse or changes in behavior

Level 2: Manual Staff Review

• Verification of flagged accounts
• Cross-checks by trained AML officers

Level 3: Escalation & Reporting

• Suspicious activities are reported to FIUs
• Business relationships may be terminated

AML Risk Assessment (EWRA)

Each year, The Main Site of Hot Bet conducts an Enterprise-Wide Risk Assessment (EWRA) to identify risks associated with:

• Transaction volumes and behavior
• User profiles and regions
• Payment channels
• Emerging threats

Data Security & Retention

All user ID data retained for 10 yearson history stored securely online/offline.
Encrypted to comply with GDPR and applicable data protection laws.

AML Training & Internal Compliance

• Mandatory AML onboarding for new staff
• Refresher sessions conducted annually
• Workshops delivered by AML-certified professionals

Reporting Suspicious Behavior

Our employees are trained to report red flags such as:

• Unexplained fund sources
• Fake or invalid documentation
• Unusual gaming behavior

Such cases are escalated to the AMLCO and, if necessary, external authorities.

User Privacy Commitment

Your personal data is never shared, sold, or exposed to third parties unless required by law. We comply with GDPR and applicable data protection laws to protect your rights.

Contact Us

If you have questions about our AML & KYC policies, contact:

• Email: [email protected]
• Phone: +98 54 777 1294
• WhatsApp: +98 933 623 5571

Support Hours: 24/7

Policy Updates & Governance

Our AML & KYC policy is reviewed annually and updated based on legal or operational changes. All modifications are approved by our Compliance Team and AMLCO.