Anti-money laundering

If you become aware of any suspicious activity related to the Games on the Website, you must report it to Basebet immediately.

All capitalized terms not otherwise defined in this document shall have the meanings ascribed to them in the Terms of Service.

Money laundering refers to disguising the origins of proceeds derived from criminal activities. Terrorist financing refers to providing funds for terrorist activities. The misuse of products and services by money launderers or terrorists exposes Basebet to significant criminal, regulatory, and reputational risk.

This policy is designed to guide staff in managing anti-money laundering (AML) and counter-terrorist financing (CTF) efforts within Basebet. It supports management’s objective of mitigating the following risks:

• Money laundering
• Terrorist financing
• Sanctions
• Politically Exposed Persons (PEPs)
• Legal and regulatory risks

This policy applies to all individuals working at all levels of Basebet, including senior managers, officers, directors, employees, consultants, contractors, trainees, part-time workers, and agency staff (collectively referred to as "staff" in this document).

Basebet’s senior management oversees the AML and CTF strategy, applying a risk-based approach across the business.

Know-Your-Customer (KYC) Programs

Basebet has implemented KYC programs as an essential part of its service, risk management, and control procedures. These programs include:

• Customer Registration/Acceptance
• Customer Identification/Verification
• Ongoing Monitoring of customer activity
• Risk Management
• Reporting of suspicious activities to the appropriate authorities

Basebet is obligated not only to establish the identity of its customers but also to monitor account activity to identify any transactions that deviate from expected behavior. KYC is a core feature of service risk management and control procedures, with the intensity of the KYC program tailored to the degree of risk.

Client Obligations

Basebet clients agree to comply with all relevant statutes about money laundering and proceeds from criminal activities.

Clients acknowledge that Basebet operates under "know-your-customer" obligations and implements anti-money laundering procedures to detect and prevent illegal activities.

Clients must fully cooperate with Basebet's anti-money laundering efforts, including providing any information requested regarding their accounts or website use.

Basebet's Rights

• Basebet reserves the right to delay or stop any fund transfer if there is reason to believe the transaction may violate any applicable law or acceptable practices.
• Basebet reserves the right to suspend or terminate any activity if it is suspected that the services are being used for unlawful or fraudulent activities.
• Basebet may use client information to investigate or prevent fraudulent or illegal activities.

Sharing Client Information

Basebet reserves the right to share client information with:

• Investigative agencies or authorized officers assisting with compliance with applicable law, including anti-money laundering regulations.
• Organizations that assist Basebet in providing services to its clients.
• Government agencies, law enforcement, courts, regulatory bodies, and financial institutions.