Glory Casino Bangladesh Anti-Money Laundering Policy
Glory Casino Bangladesh is committed to combating money laundering and terrorism financing through a robust Anti-Money Laundering (AML) Policy. The platform implements stringent measures to prevent illegal activities, ensuring compliance with international laws and protecting the integrity of its operations. If there is reason to suspect that funds deposited into a user’s account are linked to illegal activities or terrorism financing, Glory Casino Bangladesh is obligated to report such activities to competent authorities, block the funds, and take appropriate actions as outlined in its AML policy.
Definition of Money Laundering
Money laundering involves:
- Concealing or withholding information about the true source, location, movement, ownership, or rights related to property obtained through illegal activities.
- Converting, transferring, acquiring, possessing, or using property derived from criminal activities to hide its illicit origin or to assist individuals involved in criminal acts in evading legal consequences.
- Handling property obtained through criminal activities committed in another jurisdiction.
To safeguard the economy from the infiltration of illicit funds, Glory Casino Bangladesh aligns with global efforts to combat money laundering and terrorism financing.
User Obligations
When opening an account with Glory Casino Bangladesh, users agree to:
- Comply with all applicable laws and regulations related to anti-money laundering and terrorism financing, including the platform’s AML Policy.
- Confirm that funds used for deposits, past, present, or future, are not derived from illegal sources or linked to money laundering or other unlawful activities prohibited by law or international organizations.
- Provide any information requested by Glory Casino Bangladesh to meet legal and regulatory requirements for combating illegal financial activities.
- Ensure that funds are transferred to and from their account using the same payment mechanism, unless it is verified that a new payment method belongs to the same user.
AML Procedures and Verification
Glory Casino Bangladesh implements thorough initial and ongoing identity verification processes based on the risk level of each user. The platform collects and retains user identification data, including:
- Full name.
- Date of birth (for individuals).
- Residential or registered address.
- Sources of funds intended for deposit.
To verify this information, users may be required to submit:
- A passport, identification card, or equivalent document issued by national authorities, containing the user’s name, date of birth, and photograph.
- A recent utility bill (not older than three months) or other documents confirming the user’s address.
In certain cases, Glory Casino Bangladesh may request additional information or notarized copies of documents. The platform records all verification data, methods used, and results, and checks user information against lists of individuals suspected of terrorism, as maintained by authorized state or independent bodies.
Monitoring and Suspicious Activity
Glory Casino Bangladesh actively monitors user accounts for suspicious activities or transactions conducted under unusual conditions. If there is suspicion of money laundering or criminal activity, the platform reserves the right to suspend or block a user’s account without prior notification. In accordance with international law, Glory Casino Bangladesh is not required to inform users about reports made to relevant authorities regarding suspicious activities.
Tipping-Off Prohibition
To comply with strict AML regulations, Glory Casino Bangladesh is prohibited from informing users if their accounts or transactions are under review for compliance purposes. If a payment or withdrawal is delayed or temporarily blocked, users will be notified only that standard verification or routine checks are being conducted. By using the platform, users acknowledge and accept that these procedures are a legal requirement to meet regulatory obligations.
Commitment to Compliance
Glory Casino Bangladesh adheres to internal policies and international standards to support global efforts in preventing money laundering and terrorism financing. The platform ensures that all transactions are secure, transparent, and compliant with applicable laws, maintaining a safe and trustworthy environment for its users.