Scope and Purpose
Khoka420's AML Policy establishes the controls and procedures required to detect, prevent, and report money laundering, financing of terrorism, and other illicit financial activity. This policy applies to Khoka420, its personnel, and all customers and activities conducted on the Khoka420 platform.
Regulatory Framework
Khoka420 complies with applicable anti-money laundering laws, licensing conditions, and regulatory guidelines governing online gaming. The policy reflects duties under relevant jurisdictions and is subject to updates issued by competent authorities.
Customer Due Diligence and KYC
Onboarding and ongoing verification are conducted under the Khoka420 KYC policy. The following measures are applied:
- Identity verification: We verify name, date of birth, and residential address using government-issued documents. Verification must be completed before processing withdrawals.
- Source of Funds and Source of Wealth: For deposits equal to or exceeding 2000 EUR or equivalent, customers must provide documentation showing the source of funds. Large or unusual activity triggers enhanced review.
- Enhanced Due Diligence: For high-risk indicators including unusual patterns, high-value activity, or cross-border interactions, additional documents and managerial review are conducted before approving further activity.
Ongoing Monitoring and Transaction Screening
Khoka420 monitors transactions in real time for risk indicators. Suspicious activity triggers automated and manual reviews. When activity is deemed suspicious, cases are escalated to Compliance within 4 hours and a decision to file a Suspicious Activity Report is made within 48 hours where required by law.
Sanctions and PEP Screening
All customers are screened against sanctions, watch lists, and politically exposed person indicators on onboarding and at least every six months thereafter. Any match results in immediate account restriction and further investigation.
Record Keeping and Data Retention
Khoka420 preserves records of identity verification, source of funds documentation, transaction data, and decision logs for a minimum of five years from the date of last activity. Records are stored securely and access is limited to authorized personnel.
Reporting Obligations and Cooperation
Khoka420 may file reports with the relevant authorities as required by applicable law. We cooperate with regulatory investigations and provide information within statutory timeframes. Internal escalation procedures ensure timely reporting of potential AML breaches.
Privacy and Data Security
Personal data processed for AML purposes is handled in accordance with applicable data protection laws. We implement access controls, encryption, and secure storage to protect personal data. Data minimization principles apply to AML processing, and data is retained only as long as necessary for compliance and legal obligations.
Customer Rights and Contact
Customers may access or request corrections to personal data related to AML processing where lawful. For AML inquiries or to submit documentation, contact Khoka420 Compliance through the designated channel.
Training and Compliance
Khoka420 maintains an ongoing AML training program for all staff. Training covers identification of suspicious activity, escalation procedures, data handling, and regulatory obligations. Staff complete initial training and annual refreshers with assessments.
Policy Governance and Review
This AML policy is owned by the Chief Compliance Officer and approved by the Khoka420 Board. The policy is reviewed at least annually and updated as regulatory changes or risk assessments necessitate.
Policy Exceptions and Remediation
Any exceptions to standard KYC or monitoring procedures must be documented and approved by Compliance. Remediation steps include re-verification, enhanced monitoring, and, where appropriate, account restrictions or closure.