Golden Panda is committed to preventing money laundering and terrorist financing on its platform. This Anti-Money Laundering Policy outlines the measures we apply to detect, prevent, and report suspicious financial activity. All users are required to comply with these obligations as a condition of using/
Key Definitions
- AML – Anti-Money Laundering, a set of laws and procedures designed to prevent illegal funds from entering the financial system.
- KYC – Know Your Customer, the process of verifying a user’s identity before allowing financial transactions.
- Suspicious Activity – any transaction or behaviour that suggests funds may be of illegal origin.
- Source of Funds – the origin of the money used for deposits.
- PEP – Politically Exposed Person, an individual who holds or has held a prominent public position.
- STR – Suspicious Transaction Report, a formal report submitted to relevant authorities.
- Due Diligence – the process of verifying user identity and assessing financial risk.
Our Obligations
Operates under a valid licence from the Curaçao Gaming Control Board and is obligated to:
- Verify the identity of all registered users before processing withdrawals.
- Monitor all financial transactions for signs of suspicious activity.
- Report suspicious transactions to relevant regulatory authorities.
- Maintain detailed records of all transactions and KYC documents.
- Train internal staff on AML procedures and regulatory requirements.
- Refuse service to users who cannot provide satisfactory identity verification.
KYC Verification
All users must complete identity verification before withdrawals are processed. The following documents are required:
- Government-issued photo ID – passport or driving licence.
- Proof of address dated within the last 3 months – utility bill or bank statement.
- Proof of payment method used for deposits.
- Source of funds documentation for deposits above £2,000.
Documents are reviewed within 24 hours in most cases. Reserves the right to request additional documentation at any time.
Transaction Monitoring
Monitors all financial activity on the platform. The following transaction patterns may trigger enhanced due diligence:
- Multiple deposits in a short period totalling large sums.
- Deposits followed immediately by withdrawal requests without any play.
- Unusual betting patterns inconsistent with normal account activity.
- Use of multiple payment methods across a single account.
- Transactions involving jurisdictions identified as high risk by international bodies.
When suspicious activity is identified, may freeze the account, request additional documentation, or file an STR with the relevant authority.
Politically Exposed Persons
Applies enhanced due diligence to all users identified as Politically Exposed Persons. The following applies to PEPs:
- PEPs must declare their status during registration or upon request.
- Enhanced KYC documentation is required before any transactions are approved.
- All activity on PEP accounts is subject to ongoing monitoring.
- Reserves the right to refuse service to any PEP where risk cannot be adequately assessed.
Prohibited Activities
The following are strictly prohibited:
- Depositing funds derived from illegal activity.
- Using the platform to structure transactions and avoid reporting thresholds.
- Providing false identity documents or misrepresenting source of funds.
- Using another person’s account or payment method without authorisation.
- Attempting to withdraw funds in a manner designed to obscure their origin.
Violations will result in immediate account suspension, forfeiture of funds, and reporting to relevant authorities.
Record Keeping
Retains the following records in line with regulatory requirements:
- KYC documents for a minimum of 5 years following account closure.
- Full transaction history for a minimum of 5 years.
- All STRs and related correspondence with authorities.
- Internal AML review records and staff training logs.
Amendments
Reserves the right to update this AML Policy at any time in line with changes to applicable law or regulation. Continued use of the platform following any update constitutes acceptance of the revised policy.