AML & KYC Policy – HotBetAgency (hotbet.agency)

Objectives of This Policy

Our goal is to shield hotbet.agency from being used for illicit activities such as money laundering, fraud, or financing of illegal operations. We apply structured identity verification, continuous monitoring, and risk-based procedures to foster a safe environment for all users and stakeholders.

Legal & Regulatory Basis

• Iranian AML Law (1386/2007): National framework against money laundering and terrorist financing.
• Central Bank of Iran Regulations: Rules on fund transfers, cash limits, and KYC compliance.
• EU Directive 2015/849: Prevention of the financial system’s misuse.
• GDPR & Iranian Data Protection Act: Protection of personal data and user privacy.

What Is Money Laundering?

Money laundering refers to transforming proceeds from criminal activity into seemingly legitimate assets. Key forms include:

• Converting or transferring illicit funds to obscure their source.
• Concealing ownership or control of criminal assets.
• Holding or using assets known to derive from crime.
• Assisting or facilitating such acts in any way.

Governance & Responsibility

HotBetAgency’s executive leadership has ultimate oversight. An Anti-Money Laundering Compliance Officer (AMLCO) is tasked with implementing, supervising, and updating AML/KYC measures. All substantial changes require the approval of senior leadership.

Three-Step Verification Procedure

Step 1: Basic Verification

Every user must complete this step before requesting withdrawals.: withdrawals. Required information includes:

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

Step 2: Document Validation

Triggered when deposit or withdrawal exceeds USD 2,000. Includes:

• Upload of a government-issued ID with a handwritten six-digit code
• Selfie or live photo for facial comparison
• Electronic cross-validation with trusted databases
• If the system fails: submission of proof of residence (utility bill, certificate, etc.)

Step 3: Source of Wealth / Funds

Applied in cases of:

• Deposits or withdrawals above USD 5,000
• Transfers to other users exceeding USD 3,000

Users must submit evidence of fund origin—e.g. salary, business profits, inheritance or investments. Until verification completes, certain transactions may be restricted.

KYC Documentation Requirements

Identity Documents

• Passport, National ID, or Driver’s License
• All four corners must be visible
• Face image should match the ID

Proof of Address

• Utility bills, bank statements, or government correspondence
• Issued within the past 90 days
• All text and edges must be clear and legible

Source of Wealth Documentation

• Salary slips, employment contracts
• Business registration, tax returns
• Investment or inheritance records
• Bank statements showing fund flows

Jurisdictional & Risk Classification

Ongoing Monitoring & Controls

Automated Surveillance

• Real-time detection of suspicious deposit / withdrawal patterns
• Alerts for account behavior anomalies (location, device changes)

Manual Compliance Review

• Flagged accounts are assessed by compliance officers
• Cross-check of submitted documents and system findings

Escalation & Reporting

• Irregularities are escalated to Financial Intelligence Units (FIU)
• In severe cases, business relationships may be terminated

Enterprise-Wide Risk Assessment (EWRA)

Annually, hotbet.agency conducts a comprehensive risk evaluation covering:

• Transaction volumes and trends
• User demographics and geography
• Payment and withdrawal channels
• Emerging risks and compliance landscape

Data Retention & Security

KYC records stored for at least 10 yearsosure.
Transaction logs kept securely for 10 years.
All data encrypted and access-controlled.

AML Training & Internal Controls

• Mandatory AML training for staff in finance, customer support, and compliance roles
• Annual refresher courses and updates
• Instruction by certified AML specialists

Reporting Suspicious Behavior

All employees are obliged to report any of the following:

• Discrepancies or inconsistencies in KYC documentation
• Unexplained sources of funds
• Sudden changes in user behavior or activity

Such reports are reviewed by the AMLCO and, if warranted, forwarded to relevant authorities.

Privacy & User Rights

We strictly safeguard personal data. Your data will never be sold or shared unless legally required. We comply with GDPR and other applicable data protection laws to preserve user privacy and trust.

Contact & Support

If you have any questions or concerns regarding this AML & KYC policy on Hot Bet without filter breaker, please contact:

• Email: [email protected]
• Phone: +98 31 222 8899
• WhatsApp: +98 941 556 7789

Support Hours: 24/7

Policy Revisions & Oversight

This policy is reviewed annually, or more frequently if laws or operations change. All updates require formal approval by the AML Compliance Officer and senior management.