Anti-Money-Laundering Policy
1. Commitment
neobet does not facilitate money laundering, terrorist financing, sanctions evasion, or other financial crime. We apply controls proportionate to the platform's risk profile.
2. Identity verification (KYC)
Before your first withdrawal, we require identity verification via Stripe Identity. This includes a government-issued document, liveness selfie, and address verification. Verification results are recorded in your account file. We may require re-verification at any time.
3. Sanctions screening
We screen new users against applicable sanctions lists (OFAC, UN, EU, UK) at signup and on every deposit above a threshold. Hits are reviewed manually. Confirmed hits result in account closure and reporting as required by law.
4. Transaction monitoring
We monitor for suspicious patterns including, without limitation:
- Deposit-then-immediate-withdrawal with minimal trading activity.
- Deposits from cards / accounts not associated with the verified identity.
- Velocity anomalies (rapid repeated deposits or withdrawals).
- Multi-account fraud.
- Chargeback patterns.
5. Limits
Pre-KYC: $500 per day, $5,000 per month of external flow (deposits + withdrawal requests combined). Post-KYC: $5,000 per day, $50,000 per month. Limits may be raised on documented request.
6. Reporting
We report suspicious activity to relevant authorities as required by law in our operating jurisdiction.
7. Source of funds
For deposits above defined thresholds, we may request documentation of source of funds (employment income, sale proceeds, gift, etc.). Failure to provide such documentation may result in deposit reversal or account closure.
8. Compliance officer
The interim compliance officer is the platform owner. Requests should be directed to sherancorera@gmail.com.
9. Cooperation
We cooperate with lawful requests from regulators and law enforcement. Where legally permitted, we will notify affected users.