Casino Days (“we,” “our,” or “us”) is fully committed to the prevention of money laundering and the financing of terrorism. We recognize our responsibility to detect, prevent, and report any suspicious activities in line with applicable laws and international standards, including New Zealand’s Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act).
1. Purpose of This Policy
This AML Policy outlines the framework we use to:
- Prevent the use of our services for money laundering and terrorism financing
- Comply with all applicable AML/CFT laws and regulations
- Implement Know Your Customer (KYC) procedures
- Monitor and report suspicious transactions
2. Scope
This policy applies to all customers, users, employees, contractors, and third-party partners of Casino Days. It covers all services and activities carried out on our platform: wipce.net.
3. Regulatory Compliance
Casino Days operates in accordance with the AML/CFT Act of New Zealand and is committed to upholding all local and international AML standards. We collaborate with regulatory authorities and maintain procedures that align with the Financial Markets Authority (FMA) guidelines and the Financial Intelligence Unit (FIU).
4. Know Your Customer (KYC) Procedures
To reduce the risk of illegal activity, we implement strict KYC procedures including:
a. Identity Verification
All customers must verify their identity before making deposits or withdrawals. This includes submitting:
- Government-issued photo ID (e.g., passport, driver’s license)
- Proof of address (e.g., utility bill, bank statement dated within the last 3 months)
- Date of birth and country of residence
b. Enhanced Due Diligence (EDD)
In certain cases—such as high-value transactions, politically exposed persons (PEPs), or activity from high-risk jurisdictions—we apply enhanced due diligence, which may include:
- Additional identity documents
- Source of funds verification
- Ongoing account monitoring
5. Risk-Based Approach
Casino Days uses a risk-based approach to assess and mitigate AML risks. Customers are assigned risk levels based on factors such as:
- Transaction volume and frequency
- Country of origin
- Account behavior
- Customer profile and background
Higher-risk customers are subject to more rigorous scrutiny and controls.
6. Ongoing Monitoring
We monitor all transactions and account behavior in real-time to identify:
- Unusual deposit or withdrawal patterns
- Structuring or layering of transactions
- Use of multiple accounts or IP addresses
- Attempts to bypass verification
Suspicious activities are escalated to the Compliance Officer and may be reported to relevant authorities.
7. Reporting Obligations
Casino Days is legally obligated to report the following:
- Suspicious Activity Reports (SARs): Filed with New Zealand’s Financial Intelligence Unit (FIU) when suspicious transactions or behavior are detected
- Prescribed Transactions Reports (PTRs): For large cash transactions or international wire transfers above regulatory thresholds
We ensure these reports are submitted confidentially and in a timely manner.
8. Employee Training and Awareness
All staff members undergo regular AML training, which includes:
- Understanding AML/CFT laws and risks
- Recognizing red flags and suspicious activity
- Internal reporting procedures
- Customer interaction best practices
We ensure staff are equipped to handle and report any potential AML breaches professionally and discreetly.
9. Record Keeping
Casino Days retains all customer due diligence records, transaction logs, and AML-related communications for a minimum of seven (7) years, as required by law. These records are securely stored and available for regulatory review upon request.
10. Third-Party Relationships
We only engage with reputable third-party vendors, partners, and affiliates who also comply with applicable AML/CFT requirements. Contracts and service agreements include clear AML obligations.
11. Sanctions and Prohibited Countries
Casino Days does not do business with individuals or entities from:
- Sanctioned jurisdictions as per the United Nations, European Union, FATF, or New Zealand government
- Countries identified as high-risk or non-cooperative in AML efforts
We reserve the right to restrict or terminate accounts from such regions.
12. Compliance Officer
Our appointed Compliance Officer is responsible for:
- Implementing and updating AML policies
- Overseeing KYC and monitoring procedures
- Filing reports with the FIU
- Liaising with law enforcement and regulators
13. Policy Review
This AML Policy is reviewed annually or as required by changes in regulation or business practices. Any updates will be communicated to relevant stakeholders and published on our website.
14. Contact
For questions or concerns about this AML Policy or to report suspicious activity, please contact our Compliance Team:
Casino Days
Email: [email protected]
Address: 21 Park Street, Maidstone, Upper 5018, New Zealand
