Velobet KYC & AML Policy

Velobet applies KYC and AML procedures on both its website and mobile app to verify each account holder’s identity, prevent fraud, and protect the platform from financial crime and misuse. These measures are in place to uphold user safety, regulatory requirements, and the integrity of all gaming activity.

• Fair play for all users across the platform;
• Protection of personal data and individual account security;
• Full transparency in all account and transaction processes;
• Ongoing compliance with UK regulatory requirements;
• Prevention of financial crime and unauthorised account activity.

Every new user is required to complete ID verification before accessing full account functionality, including deposits, withdrawals, and participation in certain promotions. The document submission process may include one or more of the following categories:

• A valid government-issued photo ID, such as a passport, national identity card, or driving licence;
• Proof of address dated within the last three months, such as a utility bill or bank statement;
• Confirmation of ownership of any payment method linked to the account;
• Additional identity documentation may be requested in cases of enhanced due diligence or where initial verification is inconclusive.

Velobet implements a comprehensive set of security measures to prevent money laundering, terrorism financing, and other forms of illegal financial activity on the platform. These controls operate continuously and apply to all registered accounts.

• Ongoing transaction monitoring to identify irregular or suspicious activity patterns;
• Automated detection systems that flag unusual behaviour for further review;
• Enhanced due diligence applied to accounts presenting elevated risk indicators;
• Manual review of large or unexplained transfers and deposits;
• Risk scoring applied to accounts based on activity, funding sources, and user profile;
• Screening against international sanctions lists and Politically Exposed Persons (PEP) databases;
• Reporting obligations fulfilled with the relevant UK authorities where suspicious activity is identified.

Certain actions are strictly prohibited on the platform in order to support the integrity of KYC and AML compliance. Users found to be engaging in any of the following conduct will be subject to enforcement measures.

• Operating multiple accounts or attempting to circumvent verification through additional registrations;
• Submitting forged, altered, or stolen documents during the identity check or document submission process;
• Attempting to use the platform to launder funds or disguise the origin of financial assets;
• Manipulating platform systems, games, or payment processes in an unauthorised manner;
• Sharing, selling, or transferring account access to any third party;
• Using payment instruments that are not registered in the account holder’s own name;
• Providing false or misleading personal data at any stage of the registration or verification process.

Any breach of KYC or AML obligations will result in immediate enforcement action, proportionate to the nature and severity of the violation. Consequences may include temporary or permanent account suspension, freezing or confiscation of funds linked to suspicious activity, cancellation of bets or associated winnings, and reporting to the relevant competent authorities where applicable under UK law.

All users are required to provide accurate, complete, and up-to-date personal data at the time of registration and throughout their use of the platform. Verification must be completed within the timeframes specified during the account setup or upon request, and failure to do so may result in account restrictions. Users must respond promptly to any requests for additional documentation submitted as part of ongoing identity or compliance reviews. Only payment methods registered in the account holder's own name may be used for deposits and withdrawals. Any suspicious activity observed on an account, including unauthorised access or unexpected transactions, must be reported to the platform without delay.

Velobet maintains a firm commitment to fair play and transparency, ensuring that all users operate within a secure, equitable, and well-regulated environment. The following principles guide the platform’s approach to compliance and account protection.

• Full adherence to established KYC and AML standards as required by UK regulatory authorities;
• Responsible handling and protection of personal data in accordance with applicable data privacy laws;
• Continuous monitoring for suspicious activity across all accounts and transactions;
• Active prevention of manipulation, collusion, and any form of unfair behaviour;
• Dedicated support available to users with questions related to account safety and compliance procedures;
• Shared responsibility between the platform and its users in maintaining a secure gaming environment;
• Equal application of verification and compliance conditions to all registered users without exception.