Anti-money Laundering

Scope and Objectives

Bj7 maintains an anti money laundering (AML) program designed to prevent, detect and report money laundering, terrorist financing and related financial crimes in all activities conducted through Bj7 services. The program covers customer onboarding, ongoing activity monitoring, payment processing and information retention consistent with applicable law and licensing conditions.

Regulatory Governance and Oversight

The AML framework is overseen by a designated Compliance Officer empowered to implement controls, perform risk assessments, and escalate matters to senior management. The program relies on risk based policies, internal controls, independent reviews and formal escalation procedures for high risk situations.

Know Your Customer and Customer Due Diligence

Onboarding requires identity verification and age confirmation before first significant gaming activity. Bj7 collects and verifies identity information, residential address and a substantiated source of funds. Each customer is assigned a risk rating and monitored on an ongoing basis. Enhanced due diligence is applied for high risk customers, including politically exposed persons, customers from high risk jurisdictions, or complex ownership structures, with supplementary documentation and continuous monitoring.

• Identity verification: government issued ID or passport, and a photograph or biometrics as required;
• Address verification: recent utility bill, bank statement or official document showing name and current address;
• Source of funds and wealth: documentation demonstrating legitimate origin of funds used for deposits, such as payslips, tax returns, bank statements or corporate accounts.

Ongoing Monitoring and Transaction Screening

Bj7 conducts real time monitoring of deposits, withdrawals and gaming transactions. Screening includes sanctions, adverse lists and payer/payee risk scoring. Unusual patterns, rapid movement of funds or allocations that do not align with known customer profiles trigger manual review and potential escalation.

Source of Funds and Wealth

Customers must demonstrate the legitimate source of funds for deposits. For deposits that exceed predefined thresholds or show anomalous provenance, Bj7 requires additional documentation to confirm source of funds; transactions lacking adequate documentation will be blocked or pending until verification is complete. Third party contributions require verifiable authorization and documentation of transaction provenance.

High Risk Scenarios, Sanctions and PEPs

Bj7 applies enhanced scrutiny to indicators such as PEP status, non resident customers, complex ownership structures, large or unusual deposit patterns, and transfers from or to high risk jurisdictions. In such cases, access to funds may be restricted pending verification, and enhanced due diligence measures shall be implemented.

Record Keeping, Data Retention and Privacy

All AML records, including identity verification, transaction logs, risk assessments and AML monitoring alerts, are retained for a minimum of seven years after the last activity, or longer as required by law. Data processing complies with applicable privacy and data protection requirements and access is limited to authorized personnel.

Roles and Responsibilities

The Compliance function is responsible for implementing controls, approving higher risk cases, coordinating internal audits and reporting to regulators as required. Bj7 provides ongoing AML training for staff, contractors and agents covering red flags, escalation procedures and proper handling of suspicious activity.

Reporting and Cooperation with Authorities

When suspicious activity is identified, Bj7 initiates internal alerts and, where legally required, submits Suspicious Activity Reports to the competent authorities. Information is disclosed in accordance with applicable law, and cooperation extends to regulatory examinations, inquiries and law enforcement consultations.

Sanctions, Prohibited Jurisdictions and Access Control

Bj7 prohibits onboarding or continued activity by individuals or entities located in jurisdictions subject to comprehensive sanctions or where gambling activities are prohibited. Customer screening is conducted at onboarding and updated regularly; access is restricted for customers who fail verification or are identified as high risk.

Training and Continuous Improvement

Bj7 maintains AML training programs for personnel on onboarding and periodically thereafter, incorporating regulatory updates, money laundering typologies and reporting obligations. Training outcomes inform internal audits and framework enhancements.

Policy Review and Updates

This AML framework is reviewed at least annually or upon material regulatory changes. Material amendments are communicated to relevant staff and documented within the internal control framework.