Jili58 is committed to preventing money laundering and the financing of terrorism in all jurisdictions where it operates. This KYC Policy sets forth the requirements for customer identification, ongoing monitoring, record keeping, and governance to ensure compliance with applicable AML/CFT laws and regulator expectations.
The Company designates a Money Laundering Reporting Officer (MLRO) who has sole responsibility for the AML/KYC program, including policy maintenance, staff training, escalation of suspicious activity, and liaison with competent authorities. The MLRO reports to the Compliance Director and ensures adequate resources for ongoing compliance activities.
On onboarding, Jili58 shall collect sufficient information to identify the player. Anonymous accounts and accounts under fictitious names are not permitted. Required information includes the player’s date of birth, full legal name, current residential address, valid contact details (email and phone), payment method details, unique username and password, and network identifiers (IP addresses and device fingerprints) as permitted by applicable law.
Jili58 conducts screening against sanctions and politically exposed persons (PEPs) lists in accordance with applicable law. If a match is identified, appropriate action, including account freezing or closure, shall be taken without delay. The Company may restrict access to customers based on jurisdictional risk profiles and internal sanctions restrictions.
Higher risk customers, including Politically Exposed Persons, shall be subject to enhanced due diligence. This includes deeper identity verification, source of funds inquiries, ongoing monitoring, and periodic risk reassessments. Sanctions and PEP screening shall be performed at onboarding and on an ongoing basis, with immediate action if adverse findings are identified.
Jili58 monitors accounts and transactions to identify suspicious activity and potential money laundering or terrorist financing. Automated monitoring generates reports daily for transactions above USD 1,000, and for activity patterns that raise risk concerns. Human review by the Transaction Monitoring Department may prompt additional information requests, enhanced scrutiny, or escalation to the MLRO.
All staff participate in AML/KYC training conducted under the MLRO and Compliance Department guidance. Training occurs at least annually and covers red flag indicators, escalation procedures, record-keeping requirements, and current regulatory obligations.
Jili58 shall retain records of customer identification, KYC materials, due diligence results, and transaction records as required by applicable data protection and financial crime regulations. Data processing shall comply with prevailing privacy laws, with access limited to authorized personnel. Retention periods shall be determined by regulatory requirements and internal retention schedules, with secure disposal of records when permissible.
Employees shall promptly report any suspicious activity to the MLRO. The MLRO shall assess the information, coordinate further investigation if warranted, and, where required, file reports with the appropriate supervisory or law enforcement authorities in line with legal obligations and regulator guidelines.
Jili58 operates in accordance with the laws and regulations of the jurisdictions in which it offers services. The policy applies to all customers and transactions and is reviewed at least annually, with updates approved by senior management and communicated to staff. A risk-based approach governs customer due diligence and ongoing monitoring, with policy controls updated to reflect changes in the risk landscape.