Glory Casino KYC & AML Policy

Glory Casino owned by Bettor IO N.V., adheres to strict AML standards with a three-step account verification procedure that authenticates user identities and protects against fraudulent deposit methods. We adjust security measures based on the user’s nationality and origin. Our commitment involves investing resources to reduce money laundering risks and ensuring compliance with EU directives such as Directive 2015/849 and Regulation 2015/847, as well as Belgian legislation. Management and workers adhere to these norms in order to prevent financial system exploitation.”

Definition of money laundering:

Money laundering is the process of concealing or disguising the origin, nature, location, movement, or ownership of illegally obtained funds or property.

Organization of the AML for glory casino:
UD Advertising Agency Ltd.’s full management oversees AML prevention, with an AMLCO responsible for enforcing policies under their direct supervision.

AML policy changes and implementation requirements:
The AML compliance officer and general management of UD Advertising Agency Ltd. must approve any significant changes made to Glory Casino’s AML policy.

Three step Verification:
To withdraw money from Glory Casino, users must first complete step-one verification with personal information such as name, date of birth, place of residence, gender, and address. For purchases above $2,000, step two verification necessitates the submission of an official ID; for transactions over $5,000, step three verification entails revealing the source of money.

At glory casino, customer identification requires a copy of a driver’s license, passport, or ID card accompanied by a handwritten note with six randomly generated digits, plus an additional image of the user’s face with optional blurring for privacy. All ID details, except date of birth, country, gender, first and last names, and picture, must be clearly visible with all corners in a single image, with the potential for further inspections by our employees.

Proof of Address:

At glory casino, customers must verify their address via computerized checks using two databases. If unsuccessful, they may submit a recent utility bill or government document displaying their current residential address.

Source of funds:
Glory casino needs proof of the source of wealth (SOW) for deposits above five thousand euros. Examples of SOW include company ownership, employment, inheritance, investments, or family. If more proof is required, it may also suspend the account until the issue is handled.

To manage varying risks and wealth levels across regions, Glory Casino categorizes every nation into three risk regions.

Region one: Low risk:
The three-step verification is carried out as previously mentioned for each country in the area.

Region two: Medium risk:
For all countries in the region, Glory Casino conducts three-step verification at lower transaction thresholds: step one for basic verification, step two at $1,000 for deposits, withdrawals, or tips of $500, and step three at $2,500 for transactions of $1,000, with low-risk region users treated like medium-risk for cryptocurrency conversions.

Region three: High risk:
High-risk regions will be regularly updated to adapt to the dynamic global environment.

Under the oversight of the AML compliance officer, Glory Casino employs AI to flag unusual behavior among employees, with data scientists conducting supplementary electronic checks based on risk assessment and experience, focusing on betting patterns, banking variations, identity changes, and consistent withdrawal practices to deter money laundering.

Glory Casino conducts an annual EWRA to identify and manage AML risks specific to its business lines, including user demographics, transaction activities, delivery channels, geographical operations, and emerging online risks, aligning with regulatory requirements and industry guidance.

AML-Compliance at Glory Casino continuously monitors transactions for unusual or suspicious activity, collaborates with trusted PSPs for effective AML enforcement, and conducts manual checks on high-risk users to prevent money laundering, promptly reporting any fraud or illicit activities to authorities.

Internal policies specify when and how employees should report unusual transactions at Glory Casino. The AML team uses a certain approach described in internal standards to examine reports. The AML team makes decisions on customer relations termination and whether to report to the FIU in accordance with legal requirements based on their findings.

The AML rules and minimum KYC standards will be translated into operational procedures available on Glory Casino’s website.

Data obtained for identification purposes and transaction records must be securely encrypted and stored offline and online for at least ten years after the end of the business relationship.

Glory Casino mandates specialist AML training for all new finance-related hires, customized by UD Advertising Agency Ltd., with user information verified via AI and manual checks through the settings page, and monitored through periodic internal audits.

Except in cases where sharing with the appropriate AML body is mandated by law or to prevent money laundering, all user data will be kept private and confidential. All standards and regulations of the Data Protection Directive (Directive 95/46/EC) are followed by Glory Casino.

Withdrawal requests at Glory Casino are typically processed within one to three business days from the request date, though delays may occur due to technical issues, third-party actions, or verification processes, for which we are not liable.

Refunds on Glory Casino are only available within 24 hours of deposit use, including bonuses, or within 30 days if accessed by a minor or another person; identity verification is mandatory, and failure to provide notarized ID within five days results in account closure and fund forfeiture, with requests processed within three business days, and using aids or betting systems to influence game outcomes is prohibited.

For quick and easy contact regarding our AML and KYC Policies, please email us at [email protected].