Anti-Money Laundering & Counter-Terrorist Financing (AML/CFT) Statement

1. Company Business Model

Betida is an iGaming platform operated by Betida Entertainment Ltd (IBC No. 16155). The company is licensed under the Anjouan B2C online gaming framework (License No: ALSI-202512002-FI1) and operates under a license valid from December 15, 2025, to December 14, 2026.

Betida offers online casino and sports betting services and aims to provide a safe and responsible gaming environment for global players.

As part of our global operations, Betida implements robust compliance procedures to prevent and detect illegal activities on its platform. These measures include comprehensive controls ranging from customer onboarding processes to transaction monitoring systems.

2. Company Policy Statement

Although Betida is not classified as a financial institution under applicable legislation, it commits to acting in accordance with the 2016 Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) regulations and the requirements of the Anjouan licensing authority.

The Betida platform strictly prohibits the following activities:

• Money laundering
• Terrorist financing
• Commercial sanctions violations
• Fraud and other illegal financial activities

In this context, Betida conducts its activities in accordance with international AML standards.

3. Compliance Framework

Betida's compliance framework is based on the Risk Based Approach (RBA). This approach aims to determine the risk profile of customers and identify high-risk transactions.

Our compliance team regularly monitors publications from the following institutions:

• FATF (Financial Action Task Force)
• Anjouan Offshore Financial Authority
• International AML/CFT regulatory bodies

Our basic compliance practices include:

• Establishing policies and control mechanisms against AML, CFT, and sanctions violations
• Maintaining an internal AML/KYC compliance team
• Providing regular compliance training for staff
• Conducting independent compliance assessments

4. Definition of Money Laundering

Money laundering is the process of converting illegal proceeds through financial systems to make them appear legitimate.

This process occurs in three stages:

Placement

Introducing illegal proceeds into the financial system.

Layering

Performing complex financial transactions to conceal the origin of the funds.

Integration

Reintroducing laundered funds into the economy as legitimate earnings.

5. Suspicious Activity Monitoring

Betida uses advanced transaction monitoring systems to detect suspicious activities.

These systems:

• Analyze user transaction histories
• Detect unusual behavior
• Initiate manual and automated review processes

Where necessary, suspicious transaction reports are submitted to the relevant regulatory authorities.

6. Know Your Customer (KYC)

Betida implements a robust KYC program as part of its Risk Based Approach.

This process includes the following steps:

• Collection of basic user data during account creation
• Risk analysis of crypto wallet addresses
• Verification of user information
• Comparison with international sanctions lists

The information collected may include:

• First and last name
• Address
• Country
• Date of birth
• Postal code
• Wallet addresses

For identity verification, Betida may use reliable third-party verification services.

7. Restricted Jurisdictions

Betida does not provide services to users from the following countries:

• Austria
• France and its territories
• Germany
• The Netherlands and its territories
• Spain
• Union of the Comoros
• United Kingdom
• United States
• FATF blacklisted countries
• Other regions prohibited by the Anjouan licensing authority

These restrictions are enforced using IP-based geographic blocking systems.

8. Enhanced Due Diligence

Enhanced Due Diligence (EDD) may be applied to high-risk users.

In this context, the following information may be requested:

• Full legal name
• Citizenship information
• Address verification
• Identity number or passport
• Fund and wealth source documents

9. Account Suspension

Betida may suspend or close user accounts in the following circumstances:

• Failure to provide identity verification information
• Submission of false documents
• Misrepresentation of location
• Access from prohibited regions
• Inclusion on global sanctions lists
• Detection of problematic gambling behavior

Betida reserves the right to take additional measures when deemed necessary.

10. Transaction Monitoring

Betida implements the following as part of its transaction monitoring program:

• Real-time transaction analysis
• User behavior model review
• Manual review processes

11. Third Party Compliance Providers

Betida works with trusted third-party compliance providers to support its AML/KYC processes.

These providers are regularly evaluated and their compliance with operational standards is verified.

12. Compliance Innovation

Betida also evaluates the following technologies:

• Blockchain analysis tools
• On-chain KYC systems
• Fraud prevention technologies

These solutions can be tested under pilot programs.

13. Staff Training

Betida employees receive regular training on the following topics:

• AML/CFT
• Prevention of financial crimes
• International sanctions

These trainings are conducted periodically in accordance with regulatory requirements.

14. Reporting Obligations

Betida reports any suspicious activities to the relevant regulatory authorities.

This practice is part of our goal to create a safe and legal gaming environment.

© 2025 betida.com | All rights reserved.

Betida is an iGaming brand operated by Betida Entertainment Ltd (IBC No. 16155) and licensed under the Anjouan B2C online gaming framework.

License No: ALSI-202512002-FI1

License Period: 12/15/2025 – 12/14/2026

Please gamble responsibly. Gaming is for entertainment and not a means to make money.

Support: [email protected]