Olymp Casino Anti-Money Laundering Policy

To confirm the legality of the user’s funds and prevent the possibility of their theft, verification is assumed, consisting of three stages. So, more about each:

• Stage one. The most basic check that all casino users undergo in order to be able to withdraw funds, regardless of the amount, withdrawal method or player’s origin. The first stage includes providing such data as full name, date of birth, gender, nationality and residency;
• Stage two. If the withdrawal or replenishment amount of funds exceeds $2,000, the user is asked for an ID. A photo or scan of any official identity card issued by the state, depending on the country of origin, will do. In addition, the data provided earlier in the first stage is additionally checked. Keep in mind that in some cases they may additionally request proof of residency;
• Stage three. If a player replenishes an account or withdraws from it more than $5,000, in addition to passing the previous two stages, it is necessary to provide proof of the legal origin of the funds.

Based on the fact that different regions have different income levels, Olymp Casino classifies the world into three regions, with specific rules for each. So, here is their description:

• Low Risk Region. The safest region in terms of income standards. Residents of countries from here undergo verification as standard according to the plan. For cryptocurrency transactions, players from this region are equated to Medium Risk;
• Medium Risk Region. For countries from here, the first stage does not change. For the second stage, the withdrawal and replenishment threshold is reduced to $1,000 and donations to other players are set at a limit of $500. The third verification stage applies from $2,500 to replenishment or withdrawal of funds and transfer to other users from $1,000;
• High Risk Region. Unfortunately, players from these countries are not allowed and accounts will be blocked. Information on the region is updated and countries can be transferred to another region.

Regardless of the region, the AML Compliance Officer monitors any suspicious activity and reserves the right to conduct additional checks. This includes a change of nationality, prolonged inactivity with constant replenishment of the account, the use of constantly different methods and currencies of payment and some suspicious behavior.

Anti-Money Laundering authorized representatives constantly monitor transactions to identify suspicious or illegal ones. This work is carried out in three levels:

• First level. Olymp Casino cooperates only with verified payment service providers that have developed a reliable anti-money laundering policy;
• Second level. Authorized representatives duly examine user requests for financial transactions in the account and check payment methods or services on the account. In addition, the necessary information is provided by three-step verification;
• Third level. AML office of Olymp Casino manually checks users for suspiciousness and notifies authorized authorities in case of detection of fraud.

All suspicious facts are carefully checked for violations by the AML team. In case the violation found, the information is sent to the Financial Intelligence. The block of the player’s account is possible.

All provided data is stored online and offline in databases for at least 10 years after the end of use of the casino services. In addition, data on all payments made is stored for 10 years. All data is securely SSL-encrypted and is not transferred or sold to anyone except at the request of the authorities or a request from law enforcement officers on suspicion of money laundering.

Feel free to contact Olymp Casino team with any questions and complaints about KYC and AML, as well as with requests for your stored data by email at support@olymp.casino.