AML & KYC Policy – HotBetCenter (hotbet.center)

Purpose & Scope

This AML & KYC Policy is intended to prevent the misuse of our platform for money laundering, fraud, or terrorist financing. It applies to all users engaging in any financial or gaming-related operations on hotbet.center, including deposits, withdrawals, transfers, and account changes. Through rigorous identity verification, real-time monitoring, and risk-based controls, we aim to maintain a secure environment that protects both users and stakeholders.

Legal & Regulatory Foundations

• Iranian AML Law (1386/2007): National framework against money laundering and terrorist financing.
• Central Bank of Iran Regulations: Rules on fund transfers, cash limits, and KYC compliance.
• EU Directive 2015/849: Preventing misuse of the financial system for laundering.
• GDPR & Iranian Data Protection Act: Safeguarding personal data and user privacy.

Definition: Money Laundering

Money laundering refers to the conversion, transfer, or concealment of funds derived from criminal activity so that they appear legitimate. The activities we guard against include:

• Transferring or converting criminal proceeds to hide their illegal origin.
• Concealing ownership, control, source, or movement of illicit funds.
• Acquiring, holding, or using assets known to be derived from crime.
• Assisting, facilitating, or attempting any of the above actions.

Governance & Compliance Structure

HotBetCenter’s executive leadership has ultimate oversight. An Anti-Money Laundering Compliance Officer (AMLCO) is appointed to implement, supervise, and update this policy, as well as train staff and perform audits. All major changes to this policy require review and approval by senior management, ensuring alignment with legal obligations.

Three-Step Verification (KYC) Process

Step 1: Basic Identity Verification

Users must complete this step before requesting a withdrawal. Required information:

• Full Name (First & Last)
• Date of Birth
• Gender
• Country of Residence
• Full Residential Address

Step 2: Document Verification

This step is triggered when deposit or withdrawal amounts exceed USD 2,000:

• Upload valid government-issued ID with a handwritten six-digit code.
• Provide a selfie or facial photo matching the ID.
• Automated verification via certified databases.
• If automatic checks fail: supply proof of address or a government certificate.

Step 3: Source of Wealth / Funds (SOW)

This step applies when:

• Deposits or withdrawals exceed USD 5,000.
• Transfers to another user exceed USD 3,000.

Users must provide credible documentation of the origin of their funds (employment income, business profits, inheritance, investment records). Until verification is complete, some account functionalities (withdrawal, transfers) may be restricted.

KYC Documentation Requirements

Identity Documents

• Passport, National ID, or Driver’s License
• All four corners of the document must be visible in the image
• Photo must match the identity document

Proof of Address

• Utility bill, bank statement, or government correspondence
• Issued within the last 90 days
• Readable text, all edges visible

Source of Wealth / Funds Documents

• Pay slips, employment contracts
• Business financial statements or tax returns
• Inheritance or investment records
• Bank statements showing fund movement

Risk Classification & Jurisdictional Assessment

Ongoing Monitoring & Surveillance

Automated Monitoring Systems

• Real-time pattern detection for suspicious deposit/withdrawal behavior
• Alerts for account anomalies (IP shifts, device changes)

Manual Compliance Review

• Flagged accounts undergo manual review by compliance team
• Cross-checking of submitted documentation and transaction history

Escalation & Regulatory Reporting

• Confirmed suspicious behavior is reported to Financial Intelligence Units (FIUs)
• Persistent noncompliance may lead to account suspension or termination

Enterprise-Wide Risk Assessment (EWRA)

Annually, we conduct a thorough risk assessment covering:

• Transaction volumes and patterns
• User demographics & geographic exposure
• Payment and withdrawal channels
• Emerging compliance & financial risk trends

Data Retention & Security

KYC and identity records stored securely for at least 10 yearssure.
Transaction logs encrypted and retained for 10 years.
Strict access control, encryption, and data protection protocols.

AML Training & Internal Compliance

• Mandatory AML training for employees in finance, compliance, and support functions
• Annual refresher courses and updates aligned with legal changes
• Training conducted by certified AML professionals

Reporting Suspicious Activity

All staff are required to report:

• Inconsistent or invalid documentation
• Unexplained sources of funds
• Sudden deviations in user behavior or account activity

These reports are escalated to the AMLCO and, when needed, to regulatory authorities.

Privacy & Data Protection

We are deeply committed to your privacy. Personal data is never sold or shared except when required by law. We adhere to GDPR and applicable data protection laws to protect confidentiality, respect user rights, and maintain transparency.

Contact & Support

For any questions or concerns about this AML & KYC policy on Hot Bet Betting, please contact us:

• Email: [email protected]
• Phone: +98 27 665 7788
• WhatsApp: +98 938 445 6677

Support Hours: 24/7

Policy Review & Updates

This policy is reviewed annually or whenever regulatory, operational, or technical changes arise. All updates require approval from the AMLCO and senior leadership to ensure consistency, correctness, and compliance.