💷AML Policy

Candy Factory Ltd. ("the Company") implements a rigorous Anti-Money Laundering (AML) policy to prevent and mitigate the risks associated with money laundering and terrorist financing. The Company is registered at 9 Barrack Rd, Belize City, Belize, with registration number 000031826. Additionally, it operates under a valid license issued in accordance with the 2005 Computer Gaming Licensing Act 007 in Anjouan.

1. Compliance with Anjouan’s AML Obligations

Candy Factory Ltd. has established comprehensive systems and procedures to meet all legal requirements related to AML regulations in Anjouan. The Company’s senior management ensures full adherence to the standards outlined in relevant laws and integrates these requirements into daily operations.

• Legal Framework: The Company fulfills its AML obligations in accordance with Anjouan’s legal framework, adhering to international standards.

• Operational Stability: Transparent and reliable operational procedures are maintained to uphold the integrity of the platform.

2. AML Procedures and Policies

To combat the risks of money laundering and terrorist financing, the Company implements the following key policies:

1. Customer Due Diligence (KYC):

   • Verifies the identity of all customers through robust processes to ensure compliance.

   • Confirms customers meet the legal age requirements and other regulatory criteria to protect minors.

2. Risk Assessment and Management:

   • Continuously monitors customer activities and transactions to identify abnormal or suspicious patterns.

   • Analyzes asset movements and transaction histories to evaluate money laundering risks.

3. Reporting Obligations:

   • Promptly reports suspicious transactions to the relevant regulatory authorities.

   • Safely stores all records to facilitate audits when necessary.

4. Enhanced Due Diligence (ECDD):

   • Applies stricter scrutiny and measures for high-risk customers or transactions.

3. Single-Bet Turnover Requirement

The Company enforces a mandatory single-bet turnover requirement for all deposits to reduce the risk of money laundering. This requirement includes:

• Ensuring deposited funds are utilized in legitimate gaming activities.

• Restricting or denying withdrawal requests if the requirement is not met.

• Allowing users to request withdrawals based on the profits generated from their deposits once the requirement is satisfied.

4. Continuous Improvement of AML Policies

Candy Factory Ltd. regularly updates its AML policies to align with evolving regulations and industry best practices. Through this approach, the Company ensures:

• Prevention of illegal financial activities.

• Transparency and compliance with legal obligations.

• Adherence to global AML standards while maintaining a trusted operational framework.