Drakaris AML Policy

Purpose of the AML Policy

The purpose of the Drakaris AML Policy is to establish a clear framework for identifying, assessing and managing financial crime risks connected with casino and sportsbook activity.

• Reduce the risk of money laundering and terrorist financing
• Confirm the identity of account holders where required
• Identify unusual or inconsistent transaction patterns
• Prevent the misuse of third-party payment methods
• Support fraud prevention and account security
• Maintain appropriate records for compliance purposes

These measures are applied according to the level of risk associated with an account, payment method, transaction or pattern of activity. Not every account will require the same level of review.

Key AML Controls

Drakaris uses several types of checks as part of its anti-money laundering and KYC procedures. The exact requirements can vary depending on the account and the information already available.

AML checks are not limited to a single transaction. Account history, deposits, withdrawals, payment methods and other relevant activity may be considered together when assessing risk.

Know Your Customer Procedures

Know Your Customer, commonly referred to as KYC, is an important part of the Drakaris AML framework. KYC helps establish who is using an account and whether the information provided during registration is consistent with later account activity.

1. Account information is collected. Players provide the details required to register and maintain an account.
2. Identity may be verified. Supporting documents can be requested where additional confirmation is necessary.
3. Payment details are reviewed. Payment methods may be checked to confirm ownership and legitimate use.
4. Account activity is assessed. Deposits, withdrawals and other transactions may be reviewed for unusual patterns.
5. Additional checks may follow. Higher-risk activity can result in further information or documentation being requested.

KYC verification may take place during account use rather than only at registration. A withdrawal request, change in account information or unusual payment pattern may result in additional checks.

Documents We May Request

Where verification is required, Drakaris may request documents or information that reasonably support the relevant check. The documents requested depend on the reason for the review.

Only information relevant to the verification or compliance review should be requested. Submitted information may be checked for consistency with account records and transaction history.

Transaction Monitoring

Transaction monitoring helps identify behaviour that does not appear consistent with normal use of an online casino or sportsbook account. A transaction is not automatically considered suspicious simply because it is large or unusual, but certain patterns may require review.

• Repeated deposits followed by withdrawal requests with limited gaming activity
• Use of payment methods that do not appear to belong to the registered account holder
• Unusual changes in deposit or withdrawal behaviour
• Attempts to move funds between unrelated payment methods
• Activity that is inconsistent with previously known account information
• Transactions that require additional review under applicable compliance requirements

Where additional checks are necessary, a transaction may take longer to process. Drakaris may request supporting information before allowing certain account or payment activity to continue.

Source of Funds and Source of Wealth

In some cases, standard identity verification is not enough to complete an AML review. Drakaris may need to understand how the funds used on an account were obtained or, in higher-risk situations, obtain broader information about a player’s financial circumstances.

A request for source of funds or source of wealth information does not automatically mean that wrongdoing is suspected. These checks may form part of routine enhanced due diligence where additional information is necessary to understand account activity.

Risk-Based Approach

The Drakaris AML framework follows a risk-based approach. This means that the level of verification or monitoring can increase where circumstances indicate a higher risk of money laundering, fraud or other financial misuse.

1. Review the information already available for the account.
2. Assess the nature and pattern of relevant transactions.
3. Consider the payment methods and account activity involved.
4. Request additional information where the existing data is insufficient.
5. Apply enhanced checks when the level of risk requires closer review.

A risk-based approach allows routine activity to be handled proportionately while providing additional safeguards where a transaction or account requires more detailed assessment.

Enhanced Due Diligence

Enhanced Due Diligence, or EDD, may be applied when standard KYC checks do not provide enough information or when an account presents a higher level of financial crime risk.

• Additional identity or address verification
• More detailed source of funds information
• Source of wealth documentation where appropriate
• Additional review of account and transaction history
• Further payment method verification
• Closer ongoing monitoring of relevant activity

The type of enhanced review used will depend on the circumstances. Drakaris may restrict particular account functions while required information is being reviewed.

Payment Methods and Third-Party Payments

Payment methods used on a Drakaris account should normally belong to the registered account holder. Third-party payments can create difficulties in confirming the origin and ownership of funds and may therefore be restricted or subject to additional verification.

Where possible, withdrawals may be returned through an appropriate verified payment route. Available methods and verification requirements depend on the account and payment provider.

Account Restrictions During AML Review

An AML or KYC review may require temporary restrictions while information is checked. These measures are intended to protect account security and allow required compliance checks to be completed.

• Temporary limitation of deposits or withdrawals
• Request for additional identity documents
• Verification of one or more payment methods
• Request for source of funds information
• Review of transaction and account history
• Restriction of the account where required by applicable rules

Players should provide accurate information when responding to a verification request. Incomplete, inconsistent or misleading information can delay the review and may result in further account restrictions.

Player Responsibilities

Effective AML controls also depend on accurate information being provided by the account holder. Players are expected to use their accounts and payment methods in a way that allows ownership and transaction activity to be properly verified.

1. Provide accurate personal details during registration and verification.
2. Keep account information reasonably up to date.
3. Use payment methods that you are authorised to use.
4. Do not use a Drakaris account to transfer money on behalf of another person.
5. Respond to reasonable KYC or AML requests when additional information is required.
6. Keep login and payment information secure.

Accounts should be used for genuine casino or sportsbook activity rather than as a method for moving, storing or transferring funds between payment services.

Record Keeping and Compliance Reviews

Information connected with KYC, AML checks and relevant transactions may be retained where necessary for security, compliance or legal purposes. This can include records connected with identity verification, payment reviews and previous account checks.

Access to compliance information should be limited to legitimate operational, security or regulatory purposes and handled in accordance with applicable privacy and data protection requirements.

Suspicious Activity

Where account activity raises material concerns, Drakaris may conduct additional internal review and take action required under applicable AML obligations. Details of internal investigations, monitoring criteria or external reports may not be disclosed where doing so is restricted by law or could interfere with a compliance process.

Depending on the circumstances, an account may remain restricted while a review is being completed or while further information is required.

Changes to This AML Policy

AML requirements, payment systems and compliance procedures can change over time. Drakaris may update this Anti-Money Laundering Policy when necessary to reflect changes to internal procedures, regulatory expectations or the services available through the platform.

The version published on the Drakaris website should be treated as the current policy. Players should review applicable account and payment terms when completing verification or making transactions.