OxiBet Player Verification Policy
This policy explains how OxiBet verifies player identity, reviews account activity and carries out compliance checks required for gaming operations under the Anjouan regulatory framework. If a translated version differs from this page, the English version is treated as the reference text.
Why verification is required
Identity checks form part of the measures used to protect player accounts and reduce the risk of fraud, money laundering, terrorist financing and other unauthorised activity.
- Confirm that an account belongs to a real and identifiable person.
- Prevent access by people below the permitted gambling age.
- Detect payment and identity fraud.
- Meet applicable AML and CTF requirements.
- Review unusual or higher-risk financial activity.
- Maintain reliable records for regulatory purposes.
Where these checks apply
Verification procedures can apply from the moment an account is opened and may continue throughout the period in which the account remains active.
They can also apply to transactions that reach specified thresholds, activity considered higher risk and business relationships with third-party service providers.
Core verification standards
| Identity checks | Verification may be required when total lifetime deposits reach $10,000 USD or when a withdrawal of any amount is requested. |
|---|---|
| Risk assessment | The level of review may vary according to the player’s location, transaction activity and overall risk profile. |
| Record retention | KYC and relevant transaction records are retained for at least five years. |
| Ongoing review | Account behaviour and transactions may be monitored for unusual or potentially suspicious patterns. |
Information requested from players
Information collected during registration and verification is used to establish the identity of the account holder and assess whether further checks are necessary.
- Full legal name.
- Date of birth.
- Nationality.
- Residential address.
- Contact information.
- Details connected with payment methods used on the account.
Documents used to confirm identity
Identity document
A valid government-issued document may be requested. It should clearly show the holder’s name, photograph and date of birth.
- Passport.
- National identity card.
- Driving licence.
- Residence permit.
Residential address
Proof of address may include a recent utility statement, bank statement or official government correspondence. The document should normally be no more than three months old.
Payment method ownership
Additional evidence may be requested to confirm that a bank account, card, digital wallet or another payment method used with OxiBet belongs to the player.
When additional checks are needed
Enhanced Due Diligence may be carried out where an account or transaction presents a higher compliance risk.
- The player is identified as a Politically Exposed Person.
- The player is connected with a jurisdiction considered higher risk.
- A transaction or linked group of transactions exceeds $10,000 USD.
- Activity follows an unusual, complex or unexplained pattern.
- Available information raises questions about the source of funds.
Enhanced checks can include further identity verification, confirmation of the source of funds or wealth, more frequent transaction reviews and screening against applicable sanctions or watchlists.
Sanctions and watchlist screening
Where required for compliance purposes, player information may be checked against recognised international sanctions and monitoring databases.
- United Nations sanctions lists.
- European Union consolidated sanctions lists.
- Australian sanctions lists.
- U.S. Treasury OFAC sanctions lists.
- UK financial sanctions lists.
How account risk is assessed
OxiBet uses a risk-based approach rather than applying the same level of review to every account.
The assessment may consider the player’s location, the size and frequency of transactions, account activity, PEP status and other relevant compliance indicators.
| Standard risk | Standard Due Diligence may be sufficient. |
|---|---|
| Higher risk | Enhanced Due Diligence and additional monitoring may be required. |
Reviewing transactions and account activity
Transactions can be monitored to identify patterns that do not match normal account behaviour or that may indicate an attempt to avoid compliance controls.
- Unusually large deposits or withdrawals.
- Rapid movement of funds.
- Repeated smaller transactions that appear structured around reporting thresholds.
- Unexpected activity following a long period of account inactivity.
- Significant changes to payment methods or personal details.
- Information received through third-party monitoring services.
Behavioural patterns may also be reviewed where they indicate possible fraud, financial crime or potentially harmful gambling behaviour.
Politically Exposed Persons
A Politically Exposed Person, commonly referred to as a PEP, is someone who holds or has held a prominent public position. Certain family members and close associates can also fall within this category.
Accounts connected with a PEP may require additional database checks, approval from senior management and more frequent review of transactions and account activity.
How verification records are handled
KYC documents, transaction information and relevant compliance records are kept for a minimum of five years after the business relationship ends.
Personal information used for KYC purposes must be stored securely and handled in accordance with applicable privacy and data-protection requirements.
Records may be made available to competent regulatory or law-enforcement authorities where there is a lawful requirement to provide them.
Reporting unusual activity
Activity that gives rise to a compliance concern may be reviewed and reported in accordance with the applicable regulatory framework.
The policy provides for suspicious activity reports to be made within 7 days of detection and to include relevant information about the account, transaction and reason for concern.
Transactions exceeding $10,000 USD are also subject to threshold reporting requirements even where no separate suspicion has been identified.
Internal compliance responsibilities
Compliance procedures are overseen by an appointed Compliance Officer whose responsibilities include maintaining KYC processes, working with regulatory authorities and ensuring required reports are submitted.
Internal reviews may be carried out periodically to determine whether identity checks, transaction monitoring and reporting processes continue to operate as intended.
Staff awareness and training
Employees involved in account, payment or compliance processes should receive appropriate training for their role.
- Recognising altered or fraudulent documents.
- Identifying AML and CTF warning signs.
- Understanding when additional verification is required.
- Following internal reporting procedures.
- Handling player information securely.
Failure to meet KYC requirements
A licensed operator that does not meet applicable verification and compliance obligations may be subject to regulatory action.
- Administrative fines or other penalties.
- Restriction, suspension or revocation of a gaming licence.
- Referral to the appropriate authorities where criminal conduct may be involved.
Keeping the policy current
KYC procedures should be reviewed as regulations, risks and verification methods change. OxiBet may update its processes to improve identity checks, transaction monitoring and fraud prevention while continuing to meet applicable AML and CTF requirements.
Regulatory framework
This policy is based on the KYC framework applicable to Internet Gaming Operators operating under the regulatory requirements of the Autonomous Island of Anjouan.
Individual verification measures may vary according to the circumstances of an account, the nature of a transaction and current legal or regulatory requirements.