Anti-Money Laundering Policy
Batery India is operated by YouGMedia B.V., which has the official registration number 153269 and is located at Dr. H. Fergusonweg 1, Curaçao. The company also holds license No. 365/JAZ from the Government of Curaçao. Having all the necessary certificates and permits for betting and gambling activities, the company actively follows and supports all international and national laws. For example, Batery India actively fights fraud, money laundering, and terrorist financing with the help of relevant policy.
Every user is advised to read the anti-money laundering policy before starting the game. This document sets out the procedures that the company can perform concerning players.
From time to time, Batery India changes and supplements the provisions of this policy in order to ensure that all tools and mechanisms remain effective and relevant. Users can find out about all amendments through the official website or Batery Bet mobile application.
Definitions
In order for users to correctly interpret all provisions of the policy, they need to know a number of definitions, which are listed in the table.
| Definition | Description |
|---|---|
| AML policy | The commitments, procedures, and other measures a company takes to combat fraud and money laundering. |
| Money laundering | Using legal procedures to conceal the nature and source of illegal funds. |
| Terrorist financing | Support and financing of terrorist acts and organizations. |
| Politically exposed natural person | An individual who is entrusted with important powers, such as head of state, head of government, minister, member of parliament, and so on. |
Regulations
The key documents that Batery India uses to combat money laundering and conduct checks on players include:
- National regulations under the National Ordinance of Money Laundering (1993);
- The National Ordinance on the Reporting of Unusual Transactions (N.G. 1996, no. 21) as lastly amended by N.G. 2009, no. 65 (N.G. 2010, no. 41);
- The National Ordinance on Identification of Clients when Rendering Services (N.G. 1996, no. 23) as lastly amended by N.G. 2009, no. 66 (N.G. 2010, no. 40);
- National Ordinance on the Obligation to Report Cross-border Money Transportation (N.G. 2002, no. 74).
Battery India Commitments
Batery India is liable for implementing measures that are aimed at combating fraud, money laundering, and terrorist financing. This includes:
- Assessing the risk of users according to their jurisdiction;
- Raising awareness of suspicious financial activity and reporting it to the relevant authority;
- Undergoing regular audits from independent organizations;
- Ensuring that employees undergo refresher training and other training on the topic.
Verification of Indian Users
All new users are subject to verification when opening an account. This allows Batery India to verify the integrity of the personal data that the user provided during registration, as well as the fact of ownership of the payment method used. This includes:
- Providing identification documents that show the user’s full name and date of birth;
- Providing a bank statement or paid utility bill that shows the player’s address;
- A selfie from identification documents.
Data Retention
In order to ensure that all user information is not lost, the company maintains several records. This has some nuances:
- Batery India stores reports of fishy financial activity;
- The company maintains a register of users with whom relations have been terminated due to connection with fraud, money laundering, or terrorist financing;
- All records are stored for 5 years from the date of the last transaction or termination of relations with the player;
- The company stores correspondence with users;
- Storage periods can be extended upon request from a government agency.