AML & KYC Policy – HotBetCompany (hotbet.company)

Objective of This Policy

Our goal is to ensure that World Hot Bet, Jahanbakht is not used for money laundering, fraud, or terrorist financing. We enforce extensive identity checks, transaction oversight, and risk-based procedures to maintain a safe, transparent environment for users and stakeholders.

Legal & Regulatory Basis

• Iranian AML Law (1386/2007): National framework for combating money laundering and terrorist financing.
• Banking Regulations by Central Bank of Iran: Rules on fund transfers, cash limits, and KYC obligations.
• EU Directive 2015/849: Preventing abuse of the financial system for laundering.
• GDPR & Iranian Data Protection Act: Protecting personal data and user privacy.

Definition of Money Laundering

Money laundering refers to disguising or converting illegally obtained funds so they appear lawful. This includes:

• Transferring or converting assets derived from crime to hide their origin.
• Concealing or masking ownership, control, source, or movement of funds.
• Acquiring, holding, or using assets known to be criminal in origin.
• Assisting, facilitating, or attempting these acts in any form.

Governance & Oversight

The management team of HotBetCompanyesponsibility for this AML/KYC policy. We appoint an Anti-Money Laundering Compliance Officer (AMLCO) to oversee implementation, staff training, audits, and updates. All major revisions must be approved by senior leadership to ensure alignment with legal requirements.

Three-Step Verification Process

Step 1: Basic Identity Verification

Users must complete this before any withdrawal request is processed. Required information includes:

• Full Name (First & Last)
• Date of Birth
• Gender
• Country of Residence
• Full Residential Address

Step 2: Document Verification

This step activates when deposit or withdrawal amounts exceed USD 2,000:

• Upload valid government-issued ID with a handwritten six-digit code
• Provide a facial image/selfie to match the ID
• Automatic verification through trusted databases
• If verification fails: submit proof of address (utility bill, certificate, etc.)

Step 3: Source of Wealth / Funds (SOW)

Triggered under conditions:

• Deposits or withdrawals exceeding USD 5,000
• Transfers to another user exceeding USD 3,000

Users must supply credible evidence of fund origin — e.g., income, business profits, inheritance, investments. Until satisfactory verification is achieved, certain account functionalities (withdrawals, transfers) may remain on hold.

KYC Documentation Requirements

Identity Documents

• Passport, national ID, or driver’s license
• All four corners of the document must be visible
• Photo must match identity document

Proof of Address

• Utility bills, bank statement, or official correspondence
• Issued within last 90 days
• Readable text, visible full edges

Proof of Source of Wealth / Funds

• Pay slips, employment contracts
• Business financials, tax returns
• Inheritance or investment statements
• Bank statements showing fund movement

Risk Classification & Jurisdictional Assessment

Ongoing Monitoring & Transaction Control

Automated Monitoring Systems

• Real-time alerts for suspicious deposit/withdrawal patterns
• Detection of sudden account behavior changes (IP, device)

Manual Compliance Review

• Flagged accounts reviewed by compliance officers
• Manual cross-check of documents and activities

Escalation & Reporting

• Confirmed suspicious activity reported to Financial Intelligence Units (FIUs)
• Persistent non-compliance may result in account closure / relationship termination

Enterprise-Wide Risk Assessment (EWRA)

Each year, we conduct a comprehensive risk assessment considering:

• Transaction types and volumes
• User profiles and geographic risk
• Payment / withdrawal channels
• Emerging compliance and financial risks

Data Retention & Security

KYC & identity data retained at least 10 yearsosure.
Transaction records stored securely for 10 years.
All data encrypted, access strictly controlled.

AML Training & Internal Compliance

• Mandatory AML training for staff in finance, compliance, support roles
• Annual refreshers and updates in line with regulation changes
• Training conducted by certified AML professionals

Reporting Suspicious Behavior

All personnel are required to report:

• Discrepancies or inconsistencies in user documents
• Unexplained or suspicious sources of funds
• Sudden deviation in user behavior or patterns

These reports are escalated to the AMLCO and, when necessary, to relevant authorities.

Privacy & Data Protection

We take your privacy seriously. Personal data will never be sold or shared except when lawfully required. We comply with GDPR and relevant data protection regulations to ensure confidentiality, transparency, and user rights.

Contact & Support

To ask questions or raise concerns about this AML & KYC Policy for World Hot Bet, Jahanbakht, please contact:

• Email: [email protected]
• Phone: +98 26 443 5566
• WhatsApp: +98 921 234 5678

Support Hours: 24/7

Policy Review & Updates

This policy is reviewed at least annually and whenever legal, operational, or technical changes occur. All revisions require approval from the AMLCO and senior management to maintain consistency and compliance.