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Basic Provisions and Goals

Yolo 247 casino in India is an officially registered gambling establishment that the government of Curacao licenses. To comply with the terms and conditions of the license, the company must comply with several legal and statutory obligations. One example is assisting local law enforcement agencies and international organizations in the fight against money laundering, fraud, and terrorist financing. To ensure that customers understand how this process will be carried out and how it will affect their game, Yolo247 India has developed a document accordingly.

The objectives of the policy are:

  • Minimizing and managing the risks of financial crime in a gambling establishment and associated reputational risks;
  • Preventing players from abusing game accounts for criminal purposes;
  • Protection of the company, its activities, and reputation;
  • Remain aware of national and international initiatives to prevent money laundering and terrorist financing;
  • Creation and application of internal control procedures.

Client Identification

Yolo247 India will implement reasonable procedures to verify the identity of all users who visit the website and use the company’s services. This includes the following steps and rules:

  • After registration, the player’s profile will be subject to various checks;
  • The institution will maintain an online list of all registered players and their personal data;
  • The organization does not allow anonymous accounts. Therefore, each user will be required to provide a minimum set of identifying facts: proof of age, full name, country and address of residence, email address and mobile number, username and password;
  • Employees may request identification documents from the customer if the company has doubts about the details provided. A passport and a bank statement or a paid utility bill can be provided as evidence;
  • If an employee has doubts about a player or is suspected of illegal activity, then he must report this to the person responsible for combating money laundering. Next, this responsible person must prepare a report and, if necessary, send it to the relevant authoritie;
  • If the client refuses to provide the requested personal data or documents, then the company has the right to block the profile.

Checking Financial Transactions

Also as a matter of policy, Yolo247 India will verify monetary transactions. This will happen taking into account certain rules and principles:

  • The institution will study the history of transactions, and will also pay special attention to large amounts;
  • If a customer makes a transaction of a large amount, then the company will automatically check all his monetary transactions and personal details;
  • The person responsible for combating money laundering will carry out such checks, and monitor and maintain records. If necessary, he has the right to take additional steps;
  • The organization will be especially wary of bank transfers from a country with a high level of risk and many small transactions using checks;
  • Yolo247 does not accept cash payments from players. Customers can use credit cards, debit cards, bank transfers, or e-wallets;
  • The institution will make payments to the same payment method that was used to make the deposit.