AML-KYC Policy
At SpinMills Casino, we value honesty and following the rules above anything else. As an authorised business in the Netherlands, we are fully compliant with all laws and regulations, including the WWFt (Dutch Anti-Money Laundering and Counter-Terrorism Financing Act), the KSA regulations, and the recommendations made by the EU’s 5th and 6th Anti-Money Laundering Directives.
In our Know Your Customer Policy and Anti-Money Laundering Policy, we outline the measures that will be implemented to identify and prevent financial crimes, such as the funding of terrorism, and money laundering, from happening on our platform. In it, we also explain the measures we take to verify the participants’ identities and prevent any illegal or irresponsible use of our services.
1. Goals
Combating the funding of terrorists and money laundering are the key objectives of this policy.
Check the identity of every player and keep an eye on their actions at all times.
Make sure that our services are accessible to only those who are eligible to utilize them.
As a licensed operator in the Netherlands, you must fulfill all legal and regulatory duties.
Keep Spinmills and its customers safe.
2. The Framework of Law
Laws and regulatory obligations upon which this policy is based include:
Prohibition of terrorist assets and financiers (Wwft)
Rules and regulations set forth by the Kansspelautoriteit
Anti-Money Laundering Directives 5 and 6 of the European Union
Information Security Law (GDPR)
International and local sanctions lists that are relevant
3. Conscientiousness of the Customer (CDD)
Every player who signs up for SpinMills Casino goes through our thorough Customer Due Diligence process. Among these are:
3.1. First Check
We ask for and check the following information when you sign up:
Authentic name
Name (at least 18 years old)
Home mailing address
Your email and phone are both valid.
The applicant’s nationality and, if relevant, the degree earned in nursing
Bank account information (IBAN) associated with the athlete
To automate the process of verifying your identity and address, we may use databases and services provided by trusted third parties.
3.2 EDD, or Efficient Due Diligence
We implement Enhanced Due Diligence, which may involve the following, in situations involving higher-risk factors, such as big transactions, unusual activities, or participants from high-risk jurisdictions:
Methods for verifying identity using video
Documentation showing where money is coming from (such as pay stubs, tax returns, or bank records)
Ongoing evaluations of transactions
Conducting screenings for politically exposed persons
Examination of compliance staff’s manuals
Unless we receive appropriate verification, we may delay or cancel service.
4. Continued Supervision
In order to detect any suspicious or out-of-the-ordinary tendencies, SpinMills Casino constantly watches player activity. Part of the monitoring process is:
Money coming in and going out, how often and how much
Out of the blue behavioral shifts
Payment or personal details that don’t add up
Accessing many accounts or devices from a single place
Missed opportunities for verification
Periodic re-verification is required of all players, particularly prior to large withdrawals or during long periods of inactivity.
5. Funding Mechanism
Proof of source of funds may be requested for: large or frequent deposits in order to comply with Wwft.
Exceptionally large payments for wins
Demands for higher account thresholds
Bitcoin and cryptocurrency-related transactions
Here are some acceptable documents: Payslips
Employee agreements
Financial records
Statements of income
Paperwork for an estate or the sale of assets
Your account may be restricted or suspended if you do not submit adequate documentation.
6. Actions That Are Not Allowed
Doing any of the following will result in the immediate termination of your account:
Using a means of payment that is not your own (such as a friend’s or family member’s bank account)
Transacting in a way that evades reporting requirements
Making monetary transfers via the casino without engaging in any gaming
Making account registrations using fictitious names
Putting money in and taking it out without engaging in reasonable betting
While making a purchase or registering, using a virtual private network (VPN) to conceal one’s location
We shall notify the appropriate authorities and the Financial Intelligence Unit (FIU-Nederland) of any suspected illicit conduct.
7. Maintaining Records
We meticulously document all AML and KYC procedures, which encompass:
Identification documentation for players
Records of correspondence and confirmation
History of transactions and games
Evaluation of potential dangers and internal audits
Claims submitted to relevant authorities
The records are kept in a secure location and kept for at least five (5) years to meet the standards of Wwft and GDPR
8. Employee Training
Staff workers who are directly involved, especially those who handle payments, customer support, and compliance, receive regular training on: Duty for Combating Money Laundering
The ability to detect and report questionable behavior
Privacy and data security guidelines
guidelines and moral principles of the KSA
Whenever there are changes to regulations or operations, the training is reviewed and revised once a year.
9. Responsibilities for Reporting
Certain activity, including suspicious transactions, must be reported to FIU-Nederland by Spinmills
Approaches to evasion or structuring
Making use of fraudulent paperwork
Many failed know-your-customer checks
When it comes to investigations involving financial crimes, we might also work with regulators, law enforcement, and banks.
10. Duties of the Player
If a person wants to play at SpinMills Casino, they have to sign this agreement:
Be as precise, thorough, and up-to-date as possible.
Never use a third party’s payment processor.
Please provide the requested verification papers.
Help with investigations into the origin of funds
Never do anything that could be considered unethical or illegal.
If you do not comply, your access may be stopped, your funds may be frozen, or you may be permanently excluded.
11. Protecting Personal Information
Data processing for anti-money-laundering and know-your-customer (KYC) purposes is guided by our Privacy Policy and the General Data Protection Regulation (GDPR). All information is stored securely and used only for permissible purposes; additionally, we make sure that only authorized staff have access to sensitive data
12. Evaluating Policies
Upon evaluation or in reaction to changes in regulations, this policy is revised and updated at least once a year. You can always get the most recent version on our website. Players can reach out to our Compliance Team at compliance@spinmills.com if they have any questions.
SpinMills Casino is still devoted to fighting financial crime, encouraging openness, and providing a safe gaming environment for every player.