Welcome to onexbetreview.com, your trusted resource for One X Bet. We are deeply committed to upholding integrity, security, and regulatory compliance. In that spirit, we have established a comprehensive Anti‑Money Laundering (AML) and Know Your Customer (KYC) framework designed to protect our users, our operations, and the reputation of our platform. Below is our full policy, detailing how we verify users, monitor transactions, evaluate risks, and respond to suspicious behavior. This content is also optimized for SEO and aligned with EEAT / YMYL best practices.
🎯 Purpose & Scope
The purpose of this policy is to prevent the misuse of our platform for money laundering, terrorist financing, fraud, or other illicit financial activities. This policy applies to all users of One X Bet: from initial registration to deposits, withdrawals, transfers, and account changes. Through rigorous verification, continuous monitoring, and risk-based controls, we aim to build user trust and maintain the highest standards of platform integrity.
📜 Legal & Regulatory Foundations
- EU Directive 2015/849 – Measures to prevent misuse of the financial system for money laundering.
- EU Regulation 2015/847 – Requirements for information that must accompany transfers of funds.
- Belgian Law of 18 September 2017 – Regulations limiting the usage of cash and imposing AML obligations.
- Directive 95/46/EC (Data Protection) – Rules for protecting personal data and user privacy.
💡 Definition: What Is Money Laundering?
Money laundering is the process of disguising the origins of illegally obtained funds so that they appear legitimate. Typical forms include:
- Converting or transferring property, knowing it derives from criminal activity.
- Concealing or disguising the true nature, source, ownership, or movement of the property.
- Acquiring or using property knowing it stems from criminal activity.
- Participating in, aiding, or facilitating any of the above acts.
🏛 Governance & Compliance Oversight
Ultimate Gaming NV’s senior management bears ultimate responsibility for this policy. An appointed Anti‑Money Laundering Compliance Officer (AMLCO) oversees the implementation, enforcement, training, and review of this framework. All significant modifications to this policy must receive approval from senior leadership to ensure legal consistency and accountability.
✅ Three‑Step Verification (KYC) Process
Step 1: Basic Identity Verification
Users must provide at least the following personal details before initiating withdrawals:
- Full legal name (first and last)
- Date of birth
- Gender
- Country of residence
- Full residential address
Step 2: Document Verification
This step is required when deposit or withdrawal amounts exceed USD 2,000:
- Upload a government-issued ID with a handwritten six-digit code
- Submit a facial photo or selfie matching the ID
- Automated cross-check against trusted databases
- If automatic validation fails, provide proof of address (utility bill, governmental certificate, etc.)
Step 3: Source of Wealth / Funds (SOW)
This stage is activated when:
- Deposits or withdrawals exceed USD 5,000
- Transfers to another user exceed USD 3,000
Users will need to present credible documentation of the origin of their funds (e.g. employment income, business profits, inheritance, investment statements). Until verification is complete, certain features—like withdrawals or transfers—may be restricted.
📌 KYC Documentation Requirements
🪪 Identity Documents
- Passport, National ID, or Driver’s License
- All four corners of the document must be visible
- The face of the user must match the document
📍 Proof of Address
- Utility bill, bank statement, or official government letter
- Issued within the last 90 days
- Text must be legible and edges visible
💳 Source of Wealth / Funds Documents
- Pay slips, employment contracts
- Business financial statements or tax returns
- Inheritance or investment documentation
- Bank statements showing flow of funds
🌍 Risk Classification & Jurisdiction Assessment
| Risk Level | Verification Strategy / Controls |
|---|---|
| Low Risk | Standard three-step KYC process |
| Medium Risk | Lower thresholds + enhanced review & monitoring |
| High Risk | Access may be limited, or account refused |
📊 Ongoing Monitoring & Surveillance
🧠 Automated Monitoring Systems
- Real-time detection of irregular deposit/withdrawal patterns
- Alerts for anomalies (IP shifts, device changes, location discrepancies)
👁 Manual Compliance Review
- Flagged accounts undergo manual review by compliance officers
- Documents and transaction history are cross-checked for consistency
🚨 Escalation & Regulatory Reporting
- Confirmed suspicious activity is reported to Financial Intelligence Units (FIUs)
- Repeated violations may lead to account suspension, termination, or legal action
📂 Enterprise‑Wide Risk Assessment (EWRA)
We conduct a comprehensive risk assessment annually to analyze:
- Transaction volumes, types, and behavioral patterns
- User demographics and geographic exposure
- Payment and withdrawal channels used
- Emerging financial or regulatory risks
🗂️ Data Retention & Security
- KYC and identity data are securely stored for at least 10 years after account closure
- Transaction logs are encrypted and retained for 10 years
- Access to personal data is strictly controlled, and privacy safeguards are in place
📚 AML Training & Internal Controls
- All staff involved in finance, compliance, or support roles must undergo AML training
- Annual refresher courses aligned with evolving regulations
- Training is delivered by certified AML professionals
📣 Reporting Suspicious Behavior
All employees are required to report:
- Inconsistent or invalid user documentation
- Unexplained or suspicious sources of funds
- Sudden deviations in account behavior or transaction patterns
Such reports are escalated to the AMLCO and, if warranted, forwarded to relevant authorities.
🔐 Privacy & Data Protection
We treat your privacy with utmost respect. Your personal data will never be sold or shared except when required by law. We comply with GDPR and all applicable data protection laws to ensure confidentiality, transparency, and protection of your rights as a user.
📞 Contact & Support
If you have questions or concerns about this AML / KYC policy for One X Bet, please contact us at:
- Email: [email protected]
📆 Policy Review & Updates
This policy is reviewed at least annually or whenever regulatory, technical, or operational changes arise. All updates are subject to approval by the AMLCO and senior management to maintain accuracy, clarity, and compliance.