AML-KYC Policy
SpinMills Casino AML/KYC overview: SpinMills Casino is fair and legal. Regulated Dutch internet casinos follow the WWFT, Saudi Arabian law, and EU Directives 5 and 6. This KYC and AML Policy explains how we prevent terrorist financing and money laundering while verifying players’ identities to ensure our platform is utilized responsibly and legally.
We want safe, fair play for all. This policy protects SpinMills and its gamers from legal difficulties while ensuring reliable online gaming.
We want all participants to play safely and fairly. Following this policy protects SpinMills and its players from legal issues while providing a reliable online gaming experience.
1. Goals
Our AML/KYC Policy aims to:
Prevent Financial Crime: Prevent money laundering and terrorism on our platform.
Verify Identity & Eligibility: Make sure every player is 18+ and not on exclusion or sanctions lists.
As a Dutch-licensed casino, comply with WWFt, KSA, and EU regulations.
Safeguard honest gamers and our casino from fraud, theft, and other crimes.
2. Legal Basis
The following laws and regulations guide our KYC and anti-money laundering measures:
Wwft: Dutch law requiring financial vigilance to avoid money laundering and terrorism.
Dutch Gambling Authority regulations include thorough player authentication and surveillance.
EU Directives (5th & 6th AMLD): Standardised money laundering prevention across member states.
GDPR ensures we handle personal data securely and legally during AML/KYC processes.
Sanctions: Screening players against banned parties to comply with international and national sanctions.
SpinMills Casino follows Dutch and international financial crime prevention requirements.
3. CDD – Customer Due Diligence
Each new SpinMills Casino player passes Customer Due Diligence to verify identity and assess risk. Standard checks for all players, increased checks for high-risk instances.
3.1 Standard Verification; Initial Checks
Players’ fundamental information is collected and verified at signup:
Full name (ID-compliant).
Birthdate (to verify the gamer is 18).
Address (current residence).
Contact Info (email and phone).
Nationality.
IBAN for deposits and withdrawals.
Players may require documentation to verify these data. We may request a passport or ID card (to verify name and age), a recent utility bill or bank statement (to verify address), and bank account ownership verification. We automatically and securely check identification and address using trustworthy third-party services. Before giving the gamer full access to our services, we will request more information or evidence if any detail is suspect.
3.2. EDD enhanced due diligence
We sometimes do Enhanced Due Diligence for extra security. Any red flag, huge transactions, odd or sophisticated account behavior, players from high-risk regions, or other factors can trigger EDD. Under EDD, we can: – Verify Additional Info: This may require a video chat to verify identity or requesting notarized documents.
Request Source of Funds Proof: To verify your gambling funds, we may request pay slips, bank statements, or other income proof.
Monitor Account Activity: Our compliance team will check transactions more closely and regularly.
Screen for PEP/Sanctions: If you are a Politically Exposed Person or on a sanctions list, we will scrutinize you further.
If we cannot conduct these increased checks, we may delay or refuse large withdrawals and suspend or cancel the account. These precautions are made to comply with the law and protect the casino and player.
4. Continued Monitoring
Our attention continues after registration. SpinMills Casino constantly checks player accounts and transactions for suspicious activity. We seek:
Unusual Patterns: Large or frequent deposits/withdrawals or rapid betting behavior changes.
Inconsistent Details: Mismatches between your account and payment details, or any hint of incorrect information.
Account Issues: Evidence of many accounts or suspect account access from multiple devices.
Missed Verification: Not updating KYC paperwork when required, especially before large withdrawals or significant inactivity.
If anything suspicious is found, our compliance team will review the account. We may ask the player for clarification or more papers. Regular players may be prompted to verify details periodically. Continuous monitoring helps us identify concerns and maintain compliance.
5. Funding Source Verification
A player’s money source may need to be verified, especially for major transactions. To ensure that SpinMills gambling money is not obtained illegally. We may request source-of-funds evidence for extremely high or frequent deposits.
Huge Wins or Withdrawals: If your payout request is excessive, especially given your deposit history.
Higher Account Limits: Requesting a large deposit or betting increase.
We’ll notice if you use crypto assets to fund your account.
When we require proof of funds, you must provide proof of its origin. This could include:
Proof of Income: Pay stubs, employer salary statements, bank statements, and tax records showing consistent income or savings.
Documentation for big one-time funds, such as inheritance letters, property sale contracts, or investment liquidation statements.
Our experts will verify the documents’ authenticity and sufficiency. If you cannot prove your financing sources, we may restrict your account. We may limit or block deposits and withdrawals until we verify your funds.
6. Prohibited Acts
Our platform prohibits some actions to ensure safe and legal gaming. If you engage in any of the following, your account may be closed and authorities notified:
Using someone else’s bank account or card to deposit or withdraw.
Misusing Transactions: Breaking deposits into smaller sums or using the casino as a money transfer conduit to mask money movement.
False or Multiple Identities: Impersonating someone else or establishing multiple accounts.
Masking your location or identity with a VPN, proxy, or other methods to avoid our geo-restrictions or security measures.
If we find these or other illegal/fraudulent activity, we will freeze the account and investigate immediately. Infractions will result in account termination, fund forfeiture when required by law, and communication to the Financial Intelligence Unit (FIU-Nederland) or other authorities.
7. Recordkeeping
Our AML and KYC inspections and transactions are meticulously recorded at SpinMills Casino. We need this documentation for compliance audits and investigations and to preserve transparency. Records we keep include:
Player Identification Data: ID cards, passports, and proof of address.
Logs of how and when we verified your information, including KYC and EDD correspondence.
Account Transaction and Gameplay History: All deposits, withdrawals, and betting.
Internal Assessments: Compliance team notes on account risk evaluations and odd activity reviews.
If relevant, copies of our official reports or notifications to regulators or the FIU about your account.
These records are stored securely with excellent data protection. We must keep AML/KYC records for five years after our business connection ends (and longer if required by rules). Our data protection rules erase or anonymize unnecessary personal data beyond the retention term.
Effective enforcement of AML and KYC standards requires knowledgeable staff (8. Employee Training). SpinMills trains customer service, financial, and compliance staff regularly. We provide training on AML/CFT responsibilities, including understanding legislation and personnel responsibilities to avoid money laundering and terrorism financing.
Recognizing Suspicious Activity: How to spot red flags in player behavior or transactions and what to do when found.
KYC Procedures & Data Security: GDPR-compliant customer verification, document management, and privacy.
Updates on KSA rules and industry best practices for ethical and responsible operation.
New hires and employees receive annual training. Staff are informed when policies or legislation change by updating training materials. This regular training keeps our personnel vigilant and professional in AML/KYC enforcement.
8. Reporting Obligations
SpinMills Casino must submit certain findings to authorities. We will immediately notify the Dutch Financial Intelligence Unit (FIU-Nederland) of suspicious transactions or activity that may indicate money laundering or terrorism funding. Any attempt to circumvent our controls or utilize fraudulent information or documents.
When needed, we cooperate with law enforcement and regulators beyond reporting to the FIU. We will share data to the KSA or police if their investigation request is legal. Our transparency and collaboration with authorities demonstrate our dedication to preventing gambling-related crimes.
9. Player Duties
Players help maintain a safe and legal gaming environment. Signing up and playing at SpinMills Casino means accepting these terms:
Give Honest Information: Always register and play with your real name and current information.
Use Your Own Money: Only use your own credit cards and bank accounts to deposit and withdraw.
Verification Requests: Provide identity credentials and funding information promptly and truthfully.
No Illegal Activity: Never commit fraud, money laundering, or other crimes using your account.
If you don’t comply, we may take action on your account. This can include refusing transactions, freezing or confiscating funds as allowed by law, suspending your account, or permanently banning you from our casino. Follow these rules to protect yourself and our player community.
10. Privacy Protection
Personal data security is paramount in our compliance program. We comply with GDPR and privacy policies for all AML/KYC data. We preserve your data securely and use it only for legal and verification purposes. The regulation requires AML records to be kept for five years before deletion. We keep your information private throughout this procedure..
11. Review and Update Policy
Regular evaluations keep this AML/KYC policy current and effective. The policy is reviewed and revised annually or earlier if substantial legal or regulatory changes occur.
Our website will announce policy changes. Players may receive email or platform notices of major changes. To be updated about how we safeguard you and our firm, consult this policy often.
Ask our Compliance Team at compliance@spinmills.com about this policy or its implementation. Please describe our processes and your duties.