Basswin KYC & AML Policy

Basswin applies rigorous KYC and AML procedures to verify user identities, eliminate fraudulent activity, and prevent financial crimes on the platform. These procedures are not optional — they form a core part of the platform’s legal obligations under United Kingdom regulatory frameworks.

This policy guarantees the following:

• Maintenance of a fair play environment for all registered users;
• Protection of the platform’s financial ecosystem against unlawful conduct;
• Prevention of money laundering, terrorist financing, and other financial crimes;
• Compliance with the requirements set out by the UK Gambling Commission and relevant legislation;
• Safeguarding of personal data in accordance with applicable data protection laws;
• Upholding user safety across all deposit, withdrawal, and wagering activity.

Every new player registered on the platform must complete a mandatory identity verification process before accessing full account functionality. Document submission is required in accordance with applicable regulatory requirements, and account holders may be asked to provide updated documentation at any point during their use of the platform.

The following documents are required as part of the ID verification process:

• A valid, government-issued photo ID such as a passport, national identity card, or driver’s licence;
• Proof of residency dated within the last three months, such as a utility bill, bank statement, or official correspondence from a recognised institution;
• Verification of the payment method(s) used for deposits and withdrawals, which may include a copy of the relevant card, a bank statement, or confirmation from an e-wallet provider;
• Where applicable, additional documentation may be requested to verify the source of funds or the source of wealth, particularly in relation to high-value transactions;
• A selfie or live photograph may be required to confirm that the individual submitting the documents is the registered account holder.

Basswin employs a comprehensive set of security measures to combat money laundering, terrorist financing, and other prohibited financial activities across all areas of the platform. These measures are applied consistently and are subject to periodic review to ensure continued alignment with current regulatory requirements.

Specific actions taken as part of the AML framework include:

• Continuous transaction monitoring to identify patterns that deviate from a user’s established activity profile;
• Deployment of automated systems to flag suspicious transactions for further review by the compliance team;
• Detailed auditing of high-value transfers, unusually large deposits or withdrawals, and atypical wagering behaviour;
• Enhanced due diligence procedures applied to accounts identified as higher risk, including politically exposed persons (PEPs) and those subject to international sanctions;
• Reporting of suspicious activity to the National Crime Agency (NCA) and other relevant regulatory authorities in accordance with the Proceeds of Crime Act 2002 and the Terrorism Act 2000;
• Maintenance of comprehensive records of all verification documents and financial transactions for a minimum period as required by law;
• Regular staff training to ensure that all personnel involved in compliance functions are equipped to identify and respond to potential money laundering indicators.

All users of the Basswin platform are required to observe strict conduct standards in order to remain compliant with KYC and AML obligations. Any attempt to circumvent these standards constitutes a serious breach of the platform’s terms and will be treated accordingly.

The following activities are strictly prohibited:

• Registering or maintaining more than one account on the platform;
• Submitting forged, altered, or stolen documents during the identity verification process;
• Attempting to launder funds or channel proceeds of criminal activity through the platform;
• Exploiting system vulnerabilities, technical errors, or loopholes to gain an unfair financial advantage;
• Sharing account access with third parties, including family members or associates;
• Conducting transactions on behalf of another person without prior written authorisation from the compliance team;
• Providing false or misleading information at any stage of the registration or document submission process.

Any breach of the platform’s KYC and AML rules results in immediate disciplinary action, the nature of which is determined by the severity and circumstances of the violation. The platform reserves the right to act without prior notice where there is a credible risk of financial crime or regulatory breach.

Penalties for violating these policies may include temporary account suspension, permanent account deactivation, the freezing or forfeiture of funds associated with suspicious activity, the voiding of active bets or accumulated winnings derived from non-compliant conduct, referral of the matter to the relevant law enforcement or regulatory authorities, and a mandatory report to the NCA where there are reasonable grounds to suspect money laundering or terrorist financing.

All registered users bear personal responsibility for ensuring that the information provided to the platform is truthful, complete, and kept up to date at all times. Account holders must complete the identity verification process promptly upon request and cooperate fully when the compliance team requires additional documentation or clarification. Failure to respond to verification requests within the specified timeframe may result in temporary restrictions being placed on the account until the process is completed. Users are also responsible for safeguarding their account credentials and ensuring that no third party gains access to their account. In the event that a user becomes aware of any suspicious activity associated with their account, they are required to notify the platform’s support team without delay so that appropriate measures can be taken to protect both the account and the wider user base.

Basswin maintains a firm commitment to transparency across all aspects of its operations, with KYC and AML procedures forming an essential part of that commitment. These measures exist to protect every participant on the platform, foster long-term trust, and ensure that all users operate within a safe and equitable betting environment.

The following core principles underpin the platform’s approach to fair play and compliance:

• Full adherence to international KYC and AML standards, including those prescribed by the Financial Action Task Force (FATF);
• Protection of personal data in accordance with the UK General Data Protection Regulation (UK GDPR) and the Data Protection Act 2018;
• Proactive transaction monitoring and auditing to identify and address anomalies at the earliest opportunity;
• Equal application of verification and security measures to all account holders, regardless of deposit volume or account tenure;
• Responsible gaming provisions that complement AML controls by identifying and supporting users who may be at risk;
• Transparent communication with users regarding the purpose and scope of any verification requests;
• Ongoing review and enhancement of compliance procedures to reflect changes in legislation and emerging financial crime typologies.