Anti-Money Laundering (AML) Policy for Mahadev Book

Effective Date: June 14, 2024

Introduction

Mahadev Book is committed to preventing money laundering through its gaming services and activities. This Anti-Money Laundering (AML) Policy outlines the steps and procedures we have implemented to detect, prevent, and report any suspicious activities that may occur on our platform.

Policy Statement

Mahadev Book adheres to the strictest financial standards to prevent money laundering and any activity that facilitates money laundering or the funding of terrorist or criminal activities. We are committed to implementing and maintaining a robust AML compliance program that fulfills the requirements of the law.

Customer Identification Program (CIP)

  • We will collect, verify, and record information that identifies each person who opens an account.
  • We will verify customer identity through reliable, independent source documents, data, or information.
  • We will maintain records of the information used to verify a person’s identity.

Customer Due Diligence

  • We will conduct due diligence on all customers to understand the nature of their activities, the purpose of their transactions, and the source of their funds.
  • Enhanced due diligence will be conducted for customers presenting a higher risk, such as those involved in large transactions or operating in jurisdictions that have been identified as posing a higher risk.

Monitoring and Reporting

  • We will monitor account activity for unusual patterns that may indicate money laundering or other illegal activities.
  • We will report any transactions that we deem suspicious to the relevant authorities without notifying the customer involved.

Training and Compliance

  • Our employees will receive regular training on AML policies and procedures.
  • We will conduct an annual audit to ensure compliance with this policy and the relevant laws and regulations.

Record Keeping

  • We will keep all records related to customer identification, due diligence, and transactions for a minimum period as required by law.

Changes to Policy

  • This policy may be updated from time to time to reflect changes in legislation or in our business practices.

Contact Information

For any inquiries or questions regarding our AML Policy, please contact us at:

413, Vishweshwaraiah Layout, MEG Layout, B Narayanapura, Mahadevapura,Bengaluru, Karnataka-560016
Email: mahadevbook3034@gmail.com
Phone: +91 77964 31850