MelBet Anti-Money Laundering Policy

Melbet is a widespread gambling platform that is evolving every day. We offer a wide list of diverse entertainment for users from Egypt as well as other countries around the world. Our customers have sports betting as well as casino games at their disposal. Due to the fact that our platform is one of the leaders in the industry, we are obliged to provide users with a safe environment for users. We are also required to cooperate with the governments of the countries where we provide our services.

Our platform Melbet supports the Anti-money laundering (AML) policy, which is aimed at preventing money laundering as well as discouraging financial terrorism. According to this policy, we inform the relevant authorities in case we detect money laundering or other financial crimes. We also comply with all AML rules and measures with respect to users and facilities that are involved in illegal financial activities.

What is money laundering? – Money laundering refers to the process of hiding the origin of money that was obtained illegally and transferring it through legal financial institutions.

Our platform follows the AML policy and also cooperates with international and governmental organizations and provides them with all possible assistance. We are obliged to evaluate the funds that come to us from users, we are also obliged to determine their source.

Clients of our platform give their consent to cooperate in the prevention of financial terrorism and money laundering when registering. The user also agrees to cooperate with the AML policy. Users confirm that they are not involved in money laundering or other financial crimes. They also confirm that all the funds they use belong to them and were obtained legally.

It is the user’s responsibility to provide valid data when creating an account and to undergo KYC verification. If suspicious activity is detected, we have the right to request a re-verification. We have the right to store and process customer data and check it against terrorist and other criminal lists that have been generated by special government agencies. If a match is detected, our company is obliged to contact the relevant authorities and provide them with all available information.

Also in case of detection of money laundering or other financial criminality, we have the right to restrict or apply other sanctions to the account of the user who was involved. Until the user is re-verified and provides all necessary documents that prove the legitimacy of their funds, the user will be suspended from the game.