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Pin-Up KYC and AML Policy: Protection of Indian Customers

Pin-Up is a legally operating platform that has a Curacao license and is regularly checked by independent auditors. That is why it must strictly comply with the industry-standard KYC and AML rules. These are fundamental rules which help create a secure and convenient environment for bettors and gamblers. Also, these rules help to prevent minors from gambling and block all potential attempts of terrorism sponsorship. Scroll down and learn the basics of the Pin-Up KYC/AML policy.

Pin-Up Know Your Client Policy

KYC is an obligatory procedure that a Pin-Up client must pass before cashing out winnings. It is aimed at preventing untrue, inaccurate, or misleading information. Among other reasons for KYC are the following 

  • When Pin-Up experts have doubts about the authenticity of documents clients provide;
  • Violation of the company’s rules;
  • In any other case, the Pin-Up experts consider it appropriate.

Partially, you pass this procedure on registration when you type in a full name, citizenship, date of birth, address, etc. Also, the platform has clear Due Diligence and record-keeping:

  • The platform does not allow the creation of anonymous accounts;
  • Pin-Up allows customers to only create one personal account; otherwise, all profiles related to the particular person will be blocked;
  • The platform responds to any attempts of gambling or betting by the PEP (Politically Exposed Persons).

Every Pin-Up must consider the rules described above. Otherwise, his account may be blocked.

Basics of Pin-Up Anti-Money Laundering Policy 

Online casinos are often used as a source of funds obtained from criminal activity. In this case, criminals try to hide the source of money and/or send them to a place where they won’t draw attention. Given the license obtained from the Curacao Gaming Control Board, Pin-Up has a clear algorithm on how to prevent this activity, identify suspicious accounts, block funds, etc. This policy was developed in 2007 and is subjected to constant improvements. Here are a few main options for this risk-based approach:

  • Identify risks of money laundering and terrorism sponsorship;
  • Create procedures to manage and mitigate the assessed risks;
  • Constantly improve the effectiveness of these control measures;
  • Record all the activity for further analysis.

All registered users who want to cash out winnings must pass verification. Within this procedure, Pin-Up clients must provide documents that can prove the person’s ID, source of income, current physical address, and more. To do so, you must send copies or scans of the following documents: a passport (ID card is also acceptable), a utility bill, and bank statements.

Sometimes, Pin-Up experts require additional documents for a more detailed verification. All accounts that are suspected of illegal activity are blocked. According to the Crime Act (POCA), the information can be sent to the correspondent state control bodies if necessary.