AML Policy – Anti-Money Laundering
For cash deposits and cash withdraws
jerrycasino.com, operated by F1 Digital Media Ltd, is fully committed to maintaining the highest standards of security and compliance in line with international Anti-Money Laundering (AML) regulations.
Objective of the AML Policy
Our primary goal is to protect our users and ensure that all activity on jerrycasino.com is safe, transparent, and compliant. To achieve this, we implement a three-step account verification process to:
- Confirm that customer details are accurate.
- Ensure that deposit and withdrawal methods are legitimate and not stolen or misused.
- Establish a strong framework to prevent money laundering and financial fraud.
Depending on a player’s nationality, payment method, and withdrawal preferences, additional security measures may be required to safeguard both the customer and our platform.
Commitment to AML Standards
jerrycasino.com takes proactive and reasonable measures to monitor, detect, and reduce money laundering risks. Both management and employees are required to strictly follow AML compliance standards to prevent misuse of our services.
Our AML program is fully designed to comply with European Union guidelines and applicable international laws, including:
- EU Directive 2015/849 of the European Parliament and Council (20 May 2015) – on the prevention of the use of the financial system for money laundering.
- EU Regulation 2015/847 – on information accompanying transfers of funds.
- EU sanctions and restrictions on persons, goods, technologies, and dual-use items.
- Belgian Law of 18 September 2017 – on the prevention of money laundering and restrictions on cash use.
By upholding these standards, jerrycasino.com ensures a secure gaming environment and demonstrates our strong commitment to fighting money laundering at every level
Definition of Money Laundering
Money laundering is defined as any process intended to conceal the illegal origin of funds or assets. This includes, but is not limited to:
- Conversion or transfer of property (especially money) with knowledge that it originates from criminal activity, for the purpose of concealing its unlawful origin or assisting others in evading legal consequences.
- Concealment or disguise of the true nature, source, location, ownership, rights, movement, or disposition of property known to be derived from criminal activity.
- Acquisition, possession, or use of property while being aware, at the time of receipt, that it stems from criminal activity or participation in such acts.
- Participation, facilitation, or support in committing, attempting, aiding, abetting, or counseling any of the above actions.
It is important to note that money laundering is considered an offense even if the underlying criminal activity took place outside the jurisdiction, including another EU Member State or a third country.
AML Organization at jerrycasino.com
In strict accordance with AML regulations, jerrycasino.com has implemented a clear compliance framework:
- Oversight: The highest level of responsibility for AML rests with the full management of F1 Digital Media Ltd.
- AML Compliance Officer (AMLCO): A dedicated officer is appointed to ensure proper enforcement of AML policies and procedures across the platform.
- Reporting Structure: The AMLCO operates under the direct authority of the General Management, ensuring accountability and effectiveness in monitoring, reporting, and compliance.
This version is professional, clear, and suitable for both compliance documentation and your website’s legal section.
Do you want me to also add a short player-facing explanation (in plain language) so users understand why AML checks are required during registration and withdrawals?
AML Policy Changes and Implementation/h3>
Any significant changes to the jerrycasino.com AML Policy must be formally reviewed and approved by both the General Management of F1 Digital Media LTD and the Anti-Money Laundering Compliance Officer (AMLCO) before implementation.
Three-Step Verification
Step One: Basic Verification
Step One verification is mandatory for all users before making a withdrawal, regardless of the payment method, withdrawal amount, or nationality.
Users must complete a verification form with the following details:
- First name and last name
- Date of birth
- Country of residence
- Gender
- Full residential address
Step Two: Identity Verification
Step Two verification is required if a user:
- Deposits more than $2,000
- Withdraws more than $2,000
- Sends more than $1,000 to another user
Until Step Two verification is completed, deposits, withdrawals, or transfers will remain on hold.
The process requires:
- Uploading a valid government-issued ID alongside a photo of the ID with a randomly generated six-digit code.
- An automated electronic check to confirm the data submitted in Step One matches official databases.
If the electronic check fails or is not possible, the user must provide proof of residence, such as a government-issued registration certificate or an equivalent official document.
Step Three: Source of Wealth Verification
Step Three verification is required if a user:
- Deposits more than $5,000
- Withdraws more than $5,000
- Sends more than $3,000 to another user
Until Step Three verification is completed, deposits, withdrawals, or transfers will remain on hold.
At this stage, users are required to provide documents proving their source of wealth.
Customer Identification and Verification (KYC)
Formal identification of customers upon establishing a business relationship is a crucial component of jerrycasino.com’s compliance with anti-money laundering (AML) regulations and Know Your Customer (KYC) policy.
Identification Process:
Customer identification is based on the following principles:
- A valid government-issued ID (passport, ID card, or driver’s license) must be submitted alongside a handwritten note displaying a six-digit random code.
- A second photo showing the user’s face is required. Users may obscure any information except for date of birth, nationality, gender, first name, last name, and their photograph to protect privacy.
- All four corners of the ID must be visible, and all displayed information must be clearly readable. Additional details may be requested by staff if necessary.
Proof of Address (POA):
Proof of address is verified via electronic checks using two independent databases. If electronic verification fails, manual proof is required. Acceptable documents include:
- A recent utility bill (electricity, water, etc.) issued within the last three months
- An official government-issued document confirming your address
- Bank statements or other official correspondence addressed to the user
Documents must be submitted in high resolution with all four corners visible and all text legible. Additional verification may be requested by staff depending on the situation.
Source of Funds (SOF):
For deposits exceeding €5,000, JerryCasino.com requires documentation to verify the source of funds. Examples of acceptable sources include:
- Business ownership
- Employment income
- Inheritance
- Investments
- Family support
If the origin of funds cannot be verified, additional documentation may be requested. Accounts may be temporarily frozen pending verification. Users will receive email instructions and guidance on completing the process.
Payment Method Verification:
To further confirm the user’s identity and financial legitimacy, a bank wire or credit card verification may be required. This ensures compliance and provides additional insight into the user’s financial situation.
Step One: Basic Document Submission
The basic verification form is available in the Settings section of JerryCasino.com. Every user must submit the following information:
- First Name
- Last Name
- Nationality
- Date of Birth
The submitted data is initially processed using AI, with additional manual checks performed by staff if necessary.
RISK MANAGEMENT
To address varying levels of risk and different financial conditions across the globe, jerrycasino.com classifies countries into three distinct risk categories.
Region One: Low Risk
- Users from low-risk countries are subject to the standard three-step verification process as described in the KYC procedures.
Region Two: Medium Risk
- Users from medium-risk countries undergo the three-step verification at lower thresholds:
- Step One: Completed as usual for all users.
- Step Two: Triggered after depositing or withdrawing $1,000 or tipping another user $500.
- Step Three: Triggered after depositing or withdrawing $2,500 or tipping another user $1,000.
- Additionally, users from low-risk regions who convert cryptocurrency into another currency will be treated as medium-risk users.
Region Three: High Risk
- High-risk regions are banned from accessing services. The list of high-risk regions is regularly updated to reflect global financial and regulatory changes.
ADDITIONAL MEASURES
- An AI system, overseen by the AML Compliance Officer, monitors unusual behavior and immediately reports it to a JerryCasino.com employee.
- Human employees review AI findings and may perform additional or repeated verification checks based on risk assessments and situational judgment.
- A dedicated Data Scientist, using advanced electronic analytics, monitors for suspicious activities such as:
- Deposits and withdrawals without corresponding betting activity
- Use of different bank accounts for deposits and withdrawals
- Changes in nationality, currency, or user behavior
- Verification that the account is operated by the registered owner
- Users are required to withdraw funds using the same method as the initial deposit for the corresponding amount to prevent potential money laundering.
ENTERPRISE-WIDE RISK ASSESSMENT (EWRA)
As part of its risk-based approach, jerrycasino.com conducts an Enterprise-Wide Risk Assessment (EWRA) to identify and understand risks specific to its operations and business lines. This assessment evaluates:
- Services offered on the website
- User demographics and transaction behavior
- Delivery channels used
- Geographic location of operations, users, and transactions
- Emerging qualitative and regulatory risks
The identification of AML risk categories is based on regulatory requirements, industry guidance, and best practices. EWRA is reassessed annually to account for evolving risks in a dynamic global environment, particularly those associated with online services.
ONGOING TRANSACTION MONITORING
JerryCasino.com ensures continuous monitoring of transactions to detect unusual or suspicious activity relative to customer profiles. Monitoring occurs on three levels:
1) First Line of Control
- The platform works exclusively with trusted Payment Service Providers (PSPs), all of which maintain effective AML policies.
- This prevents the majority of suspicious deposits from occurring without proper KYC verification.
2) Second Line of Control
- Any contact with a customer, player, or authorized representative triggers due diligence checks on all account-related transactions, including:
- Requests for financial transactions
- Changes to payment methods or account services
- The three-step verification process, combined with risk-adjusted monitoring, ensures full knowledge of all users.
- All transactions are overseen by employees under the supervision of the AML Compliance Officer, who reports to general management.
- Customer support staff and compliance managers perform additional due diligence on flagged transactions.
- Transactions are assessed for unusual activity based on KYC, user financial behavior, and counterparty information.
- Automated systems identify atypical transactions, which are cross-checked manually for added security.
- Any transaction that cannot be reasonably justified or traced to a legitimate source must be reported immediately to the AML division.
3) Third Line of Control
- High-risk and suspicious accounts undergo manual checks to fully prevent money laundering.
- If fraudulent activity or money laundering is detected, authorities are promptly informed.
REPORTING SUSPICIOUS TRANSACTIONS
Internal procedures specify when and how staff must report atypical transactions. The AML team evaluates these reports and determines:
- Whether to submit a report to the Financial Intelligence Unit (FIU) in compliance with the Law of 18 September 2017
- Whether to terminate business relations with the customer
PROCEDURES
All AML rules, including minimum KYC standards, are translated into operational guidance accessible on the company intranet.
RECORD KEEPING
- Identification data is retained for at least ten years after the business relationship ends.
- Transaction records are kept for at least ten years following the transaction or end of the business relationship.
- All data is stored securely, both online and offline, with encryption applied.
TRAINING
- Employees performing manual checks receive specialized AML training.
- Training programs include:
- Mandatory AML courses reflecting regulatory updates
- Academic AML sessions for all new hires
- Training is tailored to the employee's role and delivered by AML specialists from F1 Digital Media LTD.
AUDITING
- Internal audits regularly evaluate and report on AML activities.
DATA SECURITY
- User data is kept secure and never sold or shared, except when required by law or to prevent money laundering.
- All data handling complies with Directive 95/46/EC on data protection.
CONTACT US
For questions or complaints regarding AML or KYC policies:
- Email: support@jerrycasino.com
