AML Policy at Pin Up Bangladesh

There is one important policy at Pin Up that is called AML. It is also known as Anti-Money Laundering and it is one of the most important documents for the company. It is also applied for every user of the website and without it, the company will not be able to function legally in Bangladesh. 

AML Purposes

The main aim of the Anti-Money Laundering Policy at Pin Up Bangladesh is to help fight against fraudulent activity. Unfortunately, criminals sometimes choose gambling and betting websites to launder money, which means turning their income into legal money. That is why, every online casino and betting site, including Pin Up Bangladesh, needs to have this policy. That is also how it prevents such criminal money from entering the economy of Bangladesh, which is a very important point.

How The Company Controls Money Laundering

To fight against fraud on the site, the company uses various methods. The first one is collaborating with law enforcement bodies. The company collects a lot of personal data of users on the website and when the police in Bangladesh need them, it will be provided. All the transactions at Pin Up are also under the supervision 24/7. 

All the employees of Pin Up are also trained on how to detect fraudulent activity and money laundering on the website. All of them have obligations to tell you about anything suspicious on the website, and that is how frauds are detected. There is also a special employee, who is called MLRO, which means Money Laundering Report Officer. His main obligation is to monitor the activity on the site, and if he finds something criminal, he immediately sends a report. 

How Money Laundering is Detected

When the employee of Pin Up Bangladesh monitors the transactions and activity, he needs to pay attention to the most important points:

  • Was the deposited money wagered by playing casino or placing bets?
  • Did the gambler use the same payment methods for deposit and withdrawal?
  • Do the user’s stakes meet the expectations about him?

If the answer to all these questions is “No”, then the gambler will be considered suspicious. It does not mean that he is guilty for sure. To find out if it is really true, the company proceeds with the verification, and only after completing it successfully, the user will be able to make transactions and continue gambling.

How The User is Checked

When the verification process starts, the company freezes all the transactions and contacts the user. If you see that the Support Service of Pin Up Bangladesh contacted you to check your activity, then it is necessary to answer. You will be asked to provide some personal information:

  • Passport or the ID card;
  • Proofs of the source of your income;
  • Utility bills from your house;
  • Statement from the bank.

To understand if the user is really risky, the company can check a lot of details. It can include your job, your house, and other points. After that, it compares the approximate income and value of the house with the transactions and stakes on the site. That is how it finds out if the income matches your spending.