Anti-Money Laundering

BC Game's policy against money laundering.

The BC Game com is operated by BlockDance B.V. (Commercial Register of Curacao No. 158182, Emancipation Boulevard Dominico F. “Don” Martin 31, Curacao) based on the CIL sublicense under the basic gaming license No. 5536/JAZ. BlockDance B.V. is subject to obligations to prevent money laundering in accordance with the laws of Curacao. In this regard, the company’s management has implemented systems and procedures that comply with the standards established by the relevant legislation on the prevention of money laundering in Curacao.

Money laundering: the process of converting illegally obtained income into legitimate ones. This process is usually divided into three stages: placement, lamination and integration. Placement: the process of depositing illegal income into traditional financial institutions, through deposits or other means. Lamination: The process of separating proceeds of crime from their source through complex financial transactions such as exchange for traveler’s checks, money transfers, letters of credit, stocks, bonds, or asset purchases. Integration: the use of legitimate transactions to disguise illegal income, which allows the laundered funds to be distributed back to the criminal; integration of the cleared money into normal use.

BlockDance B.V. is aware that providing services related to online gambling poses a risk of money laundering and terrorist financing. To identify, prevent and limit the risks of money laundering and terrorist financing, BlockDance B.V. has implemented measures, processes and internal controls into its daily business activities, taking into account the nature of BlockDance B.V.’s customers and the services provided by Blockdance B.V. These measures, processes and internal controls enable BlockDance B.V. comply with all legal requirements related to the prevention of money laundering and terrorist financing, in accordance with the applicable laws of Curacao. BlockDance B.V. has developed an AML policy regarding the prevention of money laundering to demonstrate its commitment to detect, prevent and report to national authorities all attempts to use BlockDance B.V. services for any type of transactions that fall under the statutory definition of money laundering and/or terrorist financing, or represent any other form of illegal financial transactions. The AML policy is updated and supplemented with changes in legislation and best practices in the industry. The content of the AML policy includes:

  • Internal organization of processes related to the prevention of money laundering;
  • The process of detailed analysis (also known as the “Know Your Customer” process or KYC);
  • Assessment of money laundering risks;
  • Categories of clients that are and are not subject to identity verification;
  • Improved identity verification measures;
  • Reporting obligations (to the competent authorities).

In order to comply with anti-Money Laundering (AML) procedures, we require you to place at least one bet on all deposits before initiating a withdrawal request. Failure to comply with this requirement may result in restrictions or refusal to withdraw funds before it is fulfilled. After reaching the one-time turnover requirement, users can request a withdrawal based on the profit earned from their deposit. For example, if user a deposits $100, he needs to place bets in the amount of $100 to initiate a withdrawal. If user a makes a profit of $58 as a result of this betting activity, the exact withdrawal amount for user a will be $158. Users can participate in additional betting activities to accumulate additional rewards.