Purpose and Scope of this Policy
Silver Bit is an officially registered organisation operated by Aphrodite Communications N.V. and licensed by the Government of Curaçao. In line with this, the company complies with all relevant international and national gambling regulations, including anti-money laundering requirements.
The organisation is committed to providing a safe, secure and stable environment for all players. Accordingly, appropriate measures are implemented to verify each player's identity and prevent unauthorised access to services and products. The key stages of this verification include confirming identity with valid documents and verifying the selected payment method.
Silver Bit casino reserves the right to amend or supplement this policy to enhance its effectiveness. Any changes will remain aligned with European Union anti-money laundering legislation, including measures introduced between 2015 and 2017. Each user will be notified of updates in advance, allowing time to familiarise themselves with any revised procedures or other provisions.
Money Laundering: Various Definitions
This offence has several definitions, which can be confusing for some users. Therefore, Silver Bit outlines the principal meanings of black money:
- The transfer of money or assets derived from criminal activity to conceal their origin or assist the offender.
- The concealment of the source and location of funds acquired through unlawful means.
- Use, disposal and transfer of currency with knowledge of its illegal nature.
- Participation in, complicity with, or incitement of any activities aimed at obtaining illicit funds.
Client Verification
In order to ensure the client is not involved in money laundering, they must complete a verification process comprising three stages.
Step #1
At this stage, the user must provide the information required for further verification. Typically, using a dedicated form, the client enters their first name and surname, date of birth, email address, mobile number, and postal address.
Step #2
At the second stage, the company will verify the accuracy and completeness of the details you provided during the first stage. This step is required only if you plan to deposit or withdraw more than $2,000. You must upload a clear photo of a valid identity document and pass a bank verification confirming ownership of the selected payment method in your name.
Step #3
If a client deposits or withdraws more than $5,000, additional verification will then be required. In such cases, the user must declare the source of wealth and confirm their link to it.
Know Your Customer Policy
An essential element of the anti-money laundering policy is full verification of a customer’s identity. While the three verification steps above relate solely to financial transactions, the ‘Know Your Customer’ policy is intended to verify the player comprehensively.
After creating an account, the customer must confirm their identity by providing an identity document. The image must clearly display your first name, surname, date of birth, country and city, and the photo on the document. In case of doubt, Silver Bit staff may request additional information.
Customer Service
Silver Bit users can contact customer support to clarify policy terms or to submit a complaint or suggestion. To do so, you must use the email address compliance@testokg17.best.