Purpose and Intent of this Policy
Mzansi Bet is a duly registered organisation operated by Aphrodite Communications N. V. and licensed by the foreign government of Curacao. Accordingly, the company complies with all applicable international and national laws governing the gambling industry, including anti-money laundering regulations.
The organisation is committed to providing a safe, secure and stable environment for all players. It therefore implements appropriate measures to verify each player’s identity and prevent unauthorised access to its products and services. Key steps in this process include validating an approved identity document and confirming the payment method.
Mzansi Bet casino reserves the right to amend or supplement this policy to improve its effectiveness. Any changes will be made in line with European Union anti-money laundering legislation, including several acts adopted between 2015 and 2017. Each user will be notified of updates in advance, allowing time to review the revised procedures or other provisions.
Money Laundering: Various Definitions
This offence has multiple definitions, which can confuse users. To help, Mzansi Bet outlines the primary meanings of black money:
- The movement or transfer of money or assets derived from criminal activity, undertaken to conceal the nature or origin of the funds, or to aid the offender.
- Concealing the source and location of funds obtained in a manner prohibited by law.
- Use, disposal and transfer of currency with knowledge of its illegal nature.
- Participation in, complicity with, or incitement of activities aimed at obtaining illicit funds.
Client Verification
To ensure the client is not involved in money laundering, they must complete a three-stage verification process.
Step #1
At this stage, the user must personally provide the information required for further verification. Typically, in a dedicated form, the client enters their first name, surname, date of birth, email, mobile number, and address.
Step #2
The second stage means the company will verify the accuracy and completeness of the information you provided in the first stage. This is required only if you intend to deposit or withdraw more than $2,000. You must upload a photo of an identity document and complete a bank verification to confirm ownership of your payment method.
Step #3
If a client deposits or withdraws more than $5,000, they will be required to complete additional verification. In such cases, the client must declare the source of wealth and verify their connection to it.
Know Your Customer Policy
An essential part of our anti-money laundering policy is the thorough verification of each client’s identity. While the three verification steps above relate only to financial transactions, the Know Your Customer (KYC) policy requires a comprehensive review of the player.
After creating a profile, clients must verify their identity by providing a valid identity document. The document photo must clearly display your name, surname, date of birth, country, and city, along with your photograph. In disputed situations, Mzansi Bet employees may request additional information.
Customer Service
Mzansi Bet users can contact customer support to clarify policy terms or to lodge a complaint or suggestion. Please use the email address compliance@mzansibet-za.com.