AML and KYC Policy
The main goal of AML Policy is to provide maximum safety to players of Glory Casino. To acknowledge and guarantee the identity of players, there exists a 3-step verification of your account. There are different reasons for this:
- To approve your registration data;
- To check whether your payment methods are being used by someone else and to prevent such actions;
- Checking the safety of your account will defend it from participating in money-laundering schemes.
You need to know that safety measures can differ depending on the deposit and cash-out methods you use.
What is 3-step Verification?
Depending on the amount of money that is being deposited players of Glory Casino in Bangladesh must verify themselves by various methods:
- 1st step. This step is compulsory for every gambler, who must fill in the necessary data such as name, date of birth, country of living, sex, and home address;
- 2nd step. When the deposit or payout is more than ৳250,000, all the operations stop until the 2nd step of verifying is completed. You’ll need to identify yourself with some official document confirming your identity and take a photo with it;
- 3rd step. If the deposit or payout is more than ৳500,000, then you’ll be required to provide a source of your wealth.
KYC Policy
KYC is a process that helps Glory Casino in Bangladesh identify gamblers who want to make a deposit. It is necessary, because it helps the Glory Casino site to check, whether you are who you are.
To prove your identity, you must provide a photo of your driver’s license, passport, or ID card and attach your photo. Pay attention, that all the angles of your document must be visible, and details and data on the document should be readable as well.
You can blur some of the data on your document, if you want to save your confidentiality, except:
- Date of birth;
- Nationality;
- Sex;
- Name and surname;
- Image of your face.
The staff member can make an additional request if it is necessary.
Address Checking
There are two possible ways to verify your address in Bangladesh. The easiest one is to provide Glory Casino with electronic receipts, but if you don’t have such a possibility, or you’re facing some problems, then you can send a photo of your utilities receipt.
Just be sure, that the quality of the photo is good and all the information is visible.
Source of Wealth Checking
When the deposit reaches ৳500,000, then you’d be asked to provide your source of wealth (SOW).
Some examples of SOW:
- Business ownership;
- Inheritance;
- Investments;
- Employment;
- Family.
The Glory Casino staff needs to understand the origin and legitimacy of your wealth. If it is impossible, the team member will ask you to provide them with some additional documents.
KYC & AML policies are necessary for the casino’s security. It is important to identify gamers and to prevent money laundering on the site or Glory Casino App.