Purpose and Significance of the Policy
Snareflux is an officially registered organization operated by Aphrodite Communications N. V. and licensed by the Government of Curacao. In compliance with all applicable international and national gambling regulations, including anti–money laundering laws, the institution adheres to the highest legal standards.
The organization is dedicated to creating a safe, secure, and stable environment for all players. To support this goal, rigorous measures are implemented to verify each player’s identity and prevent unauthorized access to services and products. Verification involves confirming identity via government-issued documents and validating the payment method.
Snareflux casino reserves the right to amend or supplement its current policy provisions to improve effectiveness. Such changes are made under European Union anti–money laundering legislation, covering directives from 2015 to 2017. Users will receive advance notice of updates to allow adequate time for reviewing the revised procedures or provisions.
Money Laundering: Multiple Definitions Explained
This offense has multiple definitions that may confuse some users. Therefore, Snareflux outlines the primary interpretations of black money:
- The transfer of money or property obtained through criminal activity in order to conceal the true source of these assets or to assist the offender.
- Concealment of the origin and location of funds obtained by means prohibited by law.
- Use, disposal, and transfer of currency with knowledge of its illicit nature.
- Participation in, complicity in, or incitement of activities aimed at obtaining illicit funds.
Client Verification
To ensure the client is not involved in money laundering, they must complete a three-stage verification process.
Step #1
At this stage, the user must independently provide the information required for further verification. Typically, in a dedicated form, the client enters their first and last name, date of birth, email, mobile number, and address.
Step #2
During the second stage, we will verify the accuracy and completeness of the information you provided in the first stage. This step is required only if you plan to deposit or withdraw more than $2,000. You must provide a photo of an identity document and complete a bank verification to confirm ownership of your payment method.
Step #3
If a client deposits or withdraws more than $5,000, they must undergo additional verification. In such cases, they must indicate the source of their wealth and confirm their connection to it.
Know Your Customer Policy
An integral part of our anti-money laundering policy is the thorough verification of each client’s identity. While the three verification steps focus solely on monetary transactions, the “know your customer” policy enables a comprehensive review of every player.
Once you create your profile, you must verify your identity by submitting an official document. The document image must clearly display your full name, date of birth, country and city of residence, and a clear photo of yourself. In certain cases, Khelo24Bet employees may request additional documentation.
Customer Service
Users of Snareflux can contact customer support to clarify policy terms or submit a complaint or suggestion. Please send your inquiries to compliance@Snareflux.com.