The Money Laundering and the Financing of Terrorism (ML/FT) Prevention and Control policies obey the need to guarantee the transparency and security of the operation, the trust of the player, compliance with the legal regulations on the matter and above all, preventing, controlling and reporting situations or risks that expose the company to the effects associated with monies derived from criminal activities.
It is the obligation of Meridianbet.pe to have straight, ethical and diligent behavior in complying with the regulations on prevention and control of money laundering and financing of terrorism that the law, the control entities and Meridianbet.pe have established.
Meridianbet.pe, in order to implement a money laundering and terrorist financing prevention system, adopts the following policies:
- Meridianbet.pe shall provide effective support and collaboration to the competent authorities.
- All officials must put compliance with ethical standards and the prevention of risk of money laundering and financing of terrorism before the achievement of commercial goals.
- Any official who identifies and considers that an operation can be classified as unusual must immediately report it to the respective superior who will immediately inform the compliance officer.
- All Meridianbet.pe officials are obliged to follow internal policies and adopt behaviors that reveal strict compliance with the law and especially those that refer to money laundering and terrorist financing.
- It is the obligation of Meridianbet.pe not to establish any business relationship or of any other type, with natural or legal persons when there are reasonable doubts about the connection to the ML/FT and the consequent legality of the operations, legality or origin of its resources.
- Meridianbet.pe shall define the responsibilities, duties and authorities of the various management and control bodies of Meridianbet.pe.
- Meridianbet.pe shall design a code of conduct for Meridianbet.pe in accordance with the positive legislation that additionally establishes the corrective actions.
- Meridianbet.pe shall fully identify customers, prior to the delivery of their services.
- Collaborate with the administration of justice, responding in a timely manner to the express requirements of the competent authorities and assisting them in the fight against ML/TF crimes, in accordance with current regulations.
- Maintain the confidentiality of the information that has been sent to the relevant authorities and the identity of the persons who have intervened in the operation classified as suspicious and that is the subject of a report to the relevant authorities or any other authorized authority, taking into account the provisions of the positive legislation.
The identity of the clients shall be established by means of one of the following documents valid in the issuing country:
- a travel document or passport;
- an identity card;
- a driver's license.
If the client lives or resides abroad, it will suffice:
- a photocopy of one of the above-mentioned documents provided;
- or the transmission of one of the above-mentioned documents by electronic means.
To ensure a safe and secure online gambling environment, Meridianbet.pe shall implement stringent player identity verification procedures. By verifying player identities, Meridianbet.pe will be able to prevent fraud, money laundering, and unauthorized access to player accounts.
Elements of player identity verification:
- Age Verification: Meridianbet.pe shall verify the age of players to prevent underage gambling. Players must provide valid identification documents to prove that they are of legal gambling age.
- Know Your Customer (KYC) Procedures: Meridianbet.pe shall implement KYC procedures to verify the identity of players. This involves collecting and verifying personal information, such as name, address, date of birth, and government-issued identification documents.
- Document Verification: Players are required to submit valid identification documents, such as passports, driver’s licenses, or identity cards, to verify their identity. Meridianbet.pe shall thoroughly review these documents to ensure their authenticity and accuracy.
- Address Verification: To confirm the player’s address, Meridianbet.pe may request additional documents such as utility bills or bank statements. This helps establish the player’s residential address and further validates their identity.
- Prevention of Fraud and Money Laundering: Robust player identity verification procedures help prevent fraudulent activities, such as identity theft and unauthorized access to player accounts. By verifying player identities, Meridianbet.pe can ensure the integrity of its platforms and prevent money laundering and other illicit activities.
- Secure Transmission and Storage of Data: Meridianbet.pe is required to employ secure methods for the transmission and storage of player data. Encryption technology and secure servers are used to protect sensitive information, ensuring the privacy and security of player data.
- Privacy and Data Protection: Meridianbet.pe must comply with data protection regulations and adhere to strict privacy policies. Player information is handled with utmost confidentiality and used solely for the purposes of identity verification and compliance with legal requirements.