Know Your Customer (KYC)
At LFG.bet, we are committed to addressing and minimizing the risks associated with money laundering and terrorist financing. In compliance with legal requirements, LFG.bet implements robust Know Your Customer (KYC) procedures and ongoing monitoring practices to ensure a secure and trustworthy environment.
1. KYC Procedure
LFG.bet adopts a risk-based Customer Due Diligence (CDD) approach to assess and manage customer risk. This process includes collecting user information during account registration and continuously monitoring activities for suspicious behavior.
1.1. Customer Information Collection
We collect essential information from users, such as wallet addresses, name, date of birth, address, and country, to verify their identity. Third-party services may assist in validating this information.
1.2. Restricted Jurisdictions and Regions
Under our licensing conditions, players are restricted from using our services if they are from a prohibited region. If the user logs in or tries to access LFG.bet from a restricted region, LFG.bet applies an IP Address-based geo-blocking to enforce this restriction. LFG.bet is committed to upholding its licensing requirements.
It is the player's responsibility to ensure that their use of the Services complies with the local laws of the jurisdiction in which they are residing or located, and that gambling or the use of our Services is not prohibited in that jurisdiction.
1.3. Transaction Monitoring
LFG.bet continuously monitors all transactions to detect unusual or suspicious activities that may indicate illegal behavior or money laundering:
- Prohibited Jurisdictions & Sanctioned Parties
Transactions are monitored both manually and automatically for suspicious activities or unusual behaviors. If any such activities are detected, withdrawals may be blocked, and additional information may be requested.
- Sanctions Screening
Wallet addresses are regularly screened against sanctions lists and other relevant databases.
- Unusual Activity
Transactions involving unusual amounts, volumes, or patterns are flagged for further review.
- Anti-Mixing Measures
Anonymity-enhancing tools such as mixers or tumblers are prohibited.
- Fraud Detection Review
Transactions involving cryptocurrency or fiat money are analyzed to detect potential fraud or other suspicious activities. High-risk accounts may be suspended until KYC verification is completed.
- Withdrawal Threshold KYC
Withdrawals exceeding certain thresholds may be paused until additional due diligence is performed.
- Multiple Account Prevention
Users are prohibited from creating duplicate accounts. Accounts with matching KYC details may be suspended or disabled.
2. Enhanced Due Diligence (EDD)
If suspicious activity is triggered, LFG.bet may suspend the user’s account and conduct Enhanced Due Diligence (EDD), which may include verifying:
- Full legal name, date of birth, and residential address
- Identification documents (e.g., Passport, Driver's License)
- Proof of address (e.g., utility bill)
- Source of funds (e.g., bank statement)
Third-party services may assist in the verification process.
3. Account Restrictions
LFG.bet reserves the right to suspend or restrict accounts under the following circumstances:
- Failure to provide required identification
- Submission of fraudulent documents
- Users from restricted jurisdictions
- Users appearing on sanctions lists
- Signs of gambling addiction
LFG.bet has full discretion to suspend accounts as deemed necessary if a suspected breach in Terms and Conditions or KYC/AML Policy has occurred.
4. Additional Support Services
At LFG.bet, we prioritize the safety of our players. We encourage responsible gaming and urge users to report any suspicious account activity to our 24/7 customer support team for immediate investigation. Together, we can help prevent the misuse of online casinos and combat unregulated online wagering and any harm in underage gambling and related harm.