AML and KYC Policies at Starzino

To protect the website from potential risks and security troubles, Starzino has a solid and well-structured KYC and AML policy. The rules covered in these policies apply to all gaming and betting services and options at the casino. So, when joining the platform and becoming a member of the casino, you should first agree to these terms along with the Cookies and Privacy Policies.

The Goal and Purpose of AML Policy of Starzino 

The main goal and purpose of Starzino’s AML Policy is to deliver top-notch safety for all customers. The operator does this through a simple yet way too effective four-step account verification process. Verification is the best way to confirm that the personal details you provide to the casino are accurate and that the cash-in options are legitimate and not stolen. This helps the platform prevent possible money laundering. 

In addition, Starzino also adapts its security measures based on the user’s nationality and origin. This ensures that various banking and cashout solutions are properly safeguarded.

The Organization of Starzino AML and KYC Policies 

Starzino takes strong actions to minimize money laundering risks and complies with EU guidelines. The operator requires its management team and employees to uphold these high standards to prevent its services from being misused for money laundering. In addition, in line with AML regulations, Starzino has assigned its highest authority, the full management of 3-102-897762 LTDA, to oversee money laundering prevention.

Last but not least, there is an Anti-Money Laundering Compliance Officer (AMLCO) who is in charge of enforcing AML policies and procedures within the system. The AMLCO reports directly to the General Management.

Before being implemented, any massive changes to Starzino’s AML policy must be approved by both the AMLCO and the General Management of 3-102-897762 LTDA.

Why Starzino Collects User Information 

The operator gathers user data and documents for the following reasons:

  • Customer Verification and Identification: To accurately identify and verify each customer through reliable and independent data or documents. This helps maintain the security and integrity of casino operations.
  • Understanding Business Relationships: The platform must clearly understand the purpose of each business relationship. This will allow it to tailor its services and comply with regulations.
  • Beneficial Ownership Identification: This involves identifying and verifying the true owner, especially in cases involving legal arrangements or companies. This ensures that the casino understands who controls the account, which in turn helps to prevent fraud and other illegal activities.
  • Transaction Monitoring and Ongoing Due Diligence: To continuously monitor transactions and ensure they align with the knowledge of the player and their risk profile. This also covers verifying the source of funds when necessary to prevent fraud and financial crimes.
  • Customer Identification and Verification (KYC):  Validating customer identity is crucial both for complying with anti-money laundering regulations and following KYC policy.

Key Steps for KYC Verification 

The KYC procedure at Starzino involves the following key steps:

  • Provide a copy of your  ID card, passport, or driving license. A second photo showing your face may also be requested. Be aware that you can blur any information except your nationality, date of birth, gender, place of birth, first and last name and photo to protect your privacy.
  • Make sure that all four corners of the ID are visible in the same image and that the required details are clearly readable. If necessary, additional details may be requested.

In addition, Starzino may conduct further checks depending on the situation.

Data Security

Starzino ensures that all information provided by customers will be kept secure and will never be sold or shared with third parties. Data will only be shared if required by law or to prevent money laundering, in which case it may be provided to the relevant AML authority of the concerned state.

Plus, the operator adheres to all guidelines and regulations outlined in the Data Protection Directive (Directive 95/46/EC).

Risk Management

Starzino classifies each country into three risk categories (low, medium, and high risk) to address varying levels of wealth and risks across different regions. The casino will apply KYC measures in the following cases:

  • When customers engage in financial transfer of EUR 2,000 or more;
  • For occasional transactions exceeding the EUR 2,000 threshold;
  • If there is any suspicion of terrorist financing or money laundering,
  • If Starzino has concerns about the accuracy of previously collected user identification data.

To properly assess a user’s risk, the casino considers factors such as:

  • Geographical risk;
  • Customer risk;
  • Service, product, and transaction risk;
  • Distribution channel risk.

Record Keeping

According to Starzino policy, identification data must be retained for at least ten years after the business relationship ends.

Transaction data must also be kept for at least ten years after the transactions are completed or the business relationship concludes. All data will be securely stored both offline and online, with encryption for added protection.

Updated