Welcome to sibbet – your trusted source for online entertainment reviews. At sibbetreview.com, we are committed to ensuring the highest standards of safety, security, and legal compliance for our users. This Anti-Money Laundering (AML) and Know Your Customer (KYC) Policy outlines our procedures for identifying users, preventing illicit activity, and complying with international regulatory frameworks.
🎯 Purpose of This Policy
Our AML & KYC policy aims to:
- Prevent our platform from being used for money laundering or terrorist financing.
- Ensure every user is who they say they are through verified identity checks.
- Protect our users’ accounts and financial activities.
- Align with global standards, such as EU Directive 2015/849 and related financial compliance regulations.
🔍 What Is Money Laundering?
Money laundering is the act of concealing the origins of illegally obtained money, typically by transferring it through a legitimate business or online service. It includes:
- Converting or transferring criminally obtained property to disguise its origin.
- Concealing the true source or ownership of illegal funds.
- Acquiring or using property with knowledge of its illegal origin.
- Participation or assistance in any activity listed above.
Money laundering is a crime in most jurisdictions, including when the origin of the funds lies outside the user’s country of residence.
🧾 Legal Compliance
sibbet operates in full compliance with international AML standards, including but not limited to:
- EU Directive 2015/849 – on the prevention of the use of the financial system for money laundering or terrorist financing.
- EU Regulation 2015/847 – on information accompanying fund transfers.
- Sanction regulations related to embargoed countries, technologies, and dual-use goods.
- National laws from applicable jurisdictions.
🧍 Customer Verification (KYC)
KYC (Know Your Customer) processes are required to:
- Confirm the real identity of users.
- Understand the user’s financial background.
- Prevent fraud, identity theft, and illegal fund transfers.
✅ Step 1 Verification – Required for All Users
Before any withdrawal is permitted, users must complete basic identification including:
- First and last name
- Date of birth
- Gender
- Country of residence
- Full address
✅ Step 2 Verification – For Transactions Over $2,000
Users who deposit or withdraw more than $2,000 must provide:
- A clear photo of a government-issued ID (passport, license, or national card)
- A handwritten note with a random 6-digit code placed next to the ID
- A selfie with the ID visible
All information from Step 1 will be cross-verified using secure, automated databases. If automatic verification fails, proof of address will be required (e.g., utility bill or registration document).
✅ Step 3 Verification – For Transactions Over $5,000 or Transfers Over $3,000
Users crossing these thresholds will need to provide proof of income or wealth source. Acceptable sources include:
- Business ownership
- Employment income
- Inheritance
- Investment gains
- Family financial support
The user’s account may be frozen until documents are provided and verified.
🏠 Proof of Address
If automated address verification fails, users must upload a high-resolution document showing their full name and address, dated within the last 3 months. Examples include:
- Electricity or water bill
- Official government-issued letters
- Bank statements
All four corners of the document must be visible, and the text must be readable.
🌍 Country Risk Categorization
| Risk Level | Description | Verification Thresholds |
|---|---|---|
| Low-Risk | Standard AML procedures apply | Normal three-step verification |
| Medium-Risk | Includes regions with moderate regulatory frameworks | Step 2 starts at $1,000; Step 3 at $2,500 |
| High-Risk | Countries under embargo, heavy sanctions, or high fraud history | Access is denied |
📡 Transaction Monitoring & Risk Management
All transactions are monitored in real-time via automated AI systems, supervised by a certified AML Compliance Officer (AMLCO). Suspicious activity may result in additional checks or temporary suspension of accounts.
- Deposits and withdrawals without betting activity
- Rapid currency switching
- Account accessed from unusual IPs or devices
- Deposits via different banking names
🔁 Matching Deposit & Withdrawal Method
Users must withdraw using the same method as their deposit, to prevent third-party fund routing.
📊 Enterprise-Wide Risk Assessments
sibbet conducts annual enterprise-wide AML risk reviews, assessing:
- Types of services offered
- User geography and demographic risks
- Transaction volumes and patterns
- Delivery channels and payment providers
🧠 Staff Training & Internal Audits
All employees handling financial or identity-related tasks undergo:
- Mandatory AML & KYC training
- Ongoing refresher courses
- Supervision by the AMLCO and executive management
🔒 Internal audits are conducted regularly to test and improve AML effectiveness.
🚨 Suspicious Transactions & Reporting
sibbet has strict procedures for identifying and handling suspicious transactions. Any transaction or behavior that does not align with a user’s profile or appears unusual will be flagged for further investigation.
Red flags may include:
- Unusual transaction frequency or volume
- Multiple accounts linked to the same user or device
- Sudden change in account behavior or payment methods
- Transactions involving high-risk jurisdictions
When a transaction is flagged:
- The account may be temporarily suspended.
- The case will be reviewed by the Compliance team.
- If necessary, a report will be filed with the relevant Financial Intelligence Unit (FIU).
- The user may be contacted for additional verification or clarification.
🗂️ Record Keeping
To comply with AML regulations, sibbet securely retains the following data:
- User identification and verification documents
- Transaction histories and audit logs
- Internal risk assessments and compliance reports
These records are stored securely for a minimum of 10 years after the end of the business relationship or the date of the transaction.
🔐 Data Privacy & Protection
sibbet follows international data protection regulations, including the EU GDPR (General Data Protection Regulation) and Directive 95/46/EC.
We do not sell, trade, or share your personal or financial data with third parties except:
- When legally obligated to do so
- To comply with AML regulations
- To prevent fraud or criminal activity
Your data is encrypted at rest and in transit, and only accessible by authorized personnel under strict access control.
📢 User Responsibilities
As a user of sibbetreview.com, you agree to the following responsibilities:
- Provide accurate and up-to-date personal information.
- Complete all verification steps truthfully and in a timely manner.
- Use your own identity and payment methods for all transactions.
- Not use the platform for any illegal financial activity.
Failure to comply with these requirements may result in account suspension, investigation, or reporting to authorities.
🛠️ Policy Updates
Our AML & KYC Policy is reviewed and updated regularly to reflect changes in law, technology, or business operations.
Any significant changes will be communicated through the website or email notifications.
📬 Contact Us
If you have any questions or concerns about our AML/KYC policy, or you need to report suspicious activity, please contact:
- Email (General Support): [email protected]
- Email (Compliance Department): [email protected]
📌 Final Disclaimer
This AML & KYC policy is an essential part of sibbet’s commitment to legal and ethical operation. By using our website, you agree to adhere to these policies and cooperate with all verification procedures as needed.
We thank you for helping us maintain a secure, transparent, and trustworthy environment for all users. ✅
Last updated: September 24, 2025