1. Introduction
Rizk Casino is committed to preventing all forms of money laundering and the financing of terrorism. This Anti-Money Laundering (AML) Policy outlines the measures we take to detect, prevent, and report any suspicious activity in accordance with the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act) of New Zealand and international best practices.
This policy applies to all employees, agents, affiliates, contractors, and users of Rizk Casino operating on morgansgotravelling.com.
2. Objectives
- Comply with all applicable AML and counter-terrorism financing laws and regulations
- Prevent the use of Rizk Casino’s services for money laundering or terrorist financing
- Identify and verify the identity of all players and business relationships
- Monitor and report any suspicious transactions or activities
- Train staff to recognize and respond to AML risks appropriately
3. What is Money Laundering?
Money laundering is the process of disguising the origin of illegally obtained money to make it appear legitimate. It generally involves three stages:
- Placement: Introducing illegal funds into the financial system
- Layering: Moving money through complex transactions to obscure its source
- Integration: Reintroducing the cleaned funds into the economy as legitimate assets
4. Customer Due Diligence (CDD)
We implement a Customer Due Diligence (CDD) process for all players before allowing access to real money features.
a. Standard CDD
We collect and verify:
- Full name
- Date of birth
- Residential address
- Nationality
- Valid government-issued ID (passport, driver’s license, etc.)
- Proof of address (utility bill, bank statement, etc.)
b. Enhanced Due Diligence (EDD)
EDD is applied in cases of:
- High-value transactions
- Politically Exposed Persons (PEPs)
- Players from high-risk jurisdictions
- Suspicious behavior patterns
5. Ongoing Monitoring
All player activity is continuously monitored using risk-based systems. This includes:
- Unusual transaction patterns
- Rapid deposit and withdrawal cycles
- Use of multiple accounts or identities
- Refusal to provide documentation
If suspicious behavior is identified, we may:
- Request additional verification
- Place the account under review
- Freeze or terminate the account
- Report the matter to relevant authorities
6. Reporting Obligations
We are obligated to report certain activities to the New Zealand Financial Intelligence Unit (FIU).
a. Suspicious Transaction Reports (STR)
Filed when we have reason to suspect:
- The transaction involves the proceeds of a crime
- The funds may be linked to terrorist financing
- The customer is attempting to disguise ownership or control
b. Prescribed Transaction Reports (PTR)
Filed for:
- International wire transfers over NZD 1,000
- Cash transactions over NZD 10,000
7. Record Keeping
We retain all records related to customer identification, transactions, and communications for at least 7 years. These may be provided to law enforcement or regulatory bodies upon lawful request.
8. Employee Training
All relevant staff are trained to:
- Understand AML/CFT obligations
- Recognize red flags and suspicious behaviors
- Perform customer due diligence procedures
- Escalate and report issues internally
Training is conducted during onboarding and updated regularly.
9. Risk Assessment
Rizk Casino maintains a documented risk assessment framework to identify and manage AML risks across our operations. We assess:
- Geographic risk (customers from high-risk jurisdictions)
- Customer risk (PEPs, unusual patterns)
- Product and service risk (e.g., rapid withdrawals, bonus abuse)
- Delivery channel risk (remote onboarding, anonymous methods)
Controls are adjusted accordingly to mitigate these risks.
10. Internal Controls
We maintain a robust internal AML compliance framework that includes:
- Designated AML Compliance Officer
- AML reporting lines and escalation procedures
- Independent audits of AML procedures
- Regular reviews and updates to this policy
11. Cooperation with Authorities
Rizk Casino fully cooperates with law enforcement agencies and regulatory authorities. We may provide relevant records, transaction histories, or account information as required by law.
12. Policy Review
This AML Policy is reviewed annually and updated as necessary to reflect changes in legislation, regulation, or business operations.
13. Contact
If you have any questions regarding this AML Policy or wish to report suspicious activity, please contact us:
Rizk Casino
Frankton, Hamilton 3204, New Zealand
Email: [email protected]
Website: morgansgotravelling.com
