Guidelines for Combating Money Laundering and the Financing of Terrorism
Batery operates in strict accordance with both domestic and global mandates regarding Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF). This policy underscores our dedication to transparency and legal integrity. For our Indian users, these protocols ensure that every transaction made via the Batery website or mobile app is handled with the highest level of security and oversight.Batery adheres to stringent international and national anti-money laundering (AML) and anti-terrorist financing (CTF) regulations. This AML policy shows the commitment of the casino to operate legally and transparently according to international standards of compliance. For users from India, it is important to understand how the funds and security protection at the gaming site or Batery Bet app are handled at the Batery.
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Understanding the Fundamentals: AML and CTF
Our security framework is built on two pillars: AML and CTF. Money laundering involves attempting to disguise the origins of illegally obtained funds to make them appear legitimate. On the other hand, terrorism financing refers to the act of providing financial support for terrorist activities, regardless of whether the funds were legally or illegally sourced. By integrating these two approaches, Batery can effectively detect and report suspicious patterns in real-time.company combines both ideas into one procedure. This helps to find and report suspicious activity quickly.
Global and Local Legal Standards
The AML strategies employed by Batery are rooted in the financial laws of Curaçao, which govern how we verify customers, monitor transactions, and report anomalies. Additionally, we align our operations with the benchmarks set by prestigious international bodies, including the Financial Action Task Force (FATF) and the Caribbean Financial Action Task Force (CFATF).
By adhering to these worldwide standards, the casino plays an active role in fighting global financial crime. Indian players can trust that our internal processes are fully compliant with recognized international protocols.
Managing Risk through Customer Categorization
To stay ahead of potential threats, Batery continuously evaluates its user base. Players are grouped based on their activity patterns and general behavior. While most new users start in the 'Low Risk' group and undergo basic KYC (Know Your Customer) checks, anyone showing red flags—such as inconsistent transaction volumes or erratic betting patterns—may be reclassified as 'High Risk'.
Users flagged as high-risk are subject to Enhanced Due Diligence (EDD), which requires a more thorough verification process and the submission of additional supporting documentation.
Managing PEPs and Geographic Risks
Batery maintains a heightened level of scrutiny for Politically Exposed Persons (PEPs). These are individuals holding prominent public roles, such as senior government officials or high-ranking military leaders, who may be more susceptible to corruption or bribery. Consequently, they undergo a more rigorous screening process.
To identify high-risk regions, Batery relies on reputable global data, including FATF country evaluations and Transparency International’s Corruption Perceptions Index.
Customer Due Diligence Measures
Our verification process is integrated into various stages of the user experience. Customer Due Diligence (CDD) is triggered during the initial sign-up, when a player requests a withdrawal, or if their monthly transaction volume exceeds set limits.registration when requesting a withdrawal, and when monthly transaction limits are exceeded.
For those categorized as high-risk, the EDD process may require:
- Selfies with ID;
- Utility bills or bank statements;
- Proof of source of income;
- Documentary proof confirming that the payment method used is legitimate and legally owned.payment method.
Reporting Suspicious Transactions
Batery’s Money Laundering Compliance Officer (MLCO) is tasked with reporting any suspicious financial activity to Curaçao’s Financial Intelligence Unit (FIU). This applies to any instance where there is a suspicion or evidence of illicit funds being laundered or used to finance terrorism.
We monitor two specific types of warning signs:
- Objective triggers (such as transactions that exceed a specific monetary limit);
- Subjective triggers (such as user behavior that deviates significantly from their established profile).
All identified suspicious activities are reported swiftly, typically within a 48-hour window, via the GoAML portal.
