This Anti-Money Laundering and Know Your Customer Policy ("Policy") sets out the obligations of Kokobet, operated at kokkobet.com by 3-102-897762 LTDA / Luckywayz Limited B.V., to prevent money laundering, terrorist financing, and related financial crime. Kokobet holds licence Curaçao GCB OGL/2024/1497/0884 and operates additionally under Costa Rica registration #3-102-897762 LTDA. All players, regardless of payment method or currency, are subject to this Policy as a condition of using kokkobet.com.
Kokobet is committed to full compliance with applicable anti-money laundering ("AML") and counter-terrorist financing ("CTF") legislation and the standards set by its licensing authority, the Curaçao Gaming Control Board. This Policy applies to every natural person who registers an account and transacts on kokkobet.com, whether using fiat currencies (EUR, SEK, NOK, USD) or any of the 24 cryptocurrencies supported on the platform.
Money laundering is broadly defined as the process by which criminally obtained funds are given the appearance of legitimacy. Terrorist financing refers to the provision or collection of funds intended to support terrorist acts or organisations. Kokobet will not knowingly facilitate either activity and will take all reasonable steps to detect and report suspicious behaviour to the relevant competent authorities.
This Policy applies to:
Kokobet applies a risk-based approach ("RBA") to AML/KYC compliance. This means the level of due diligence applied to any given player or transaction is proportionate to the assessed risk of money laundering or terrorist financing associated with that player, account, product, payment method, or jurisdiction.
Risk factors considered by Kokobet include, but are not limited to:
Based on this assessment, players will be categorised as low, medium, or high risk. Higher-risk players will be subject to Enhanced Due Diligence ("EDD") as described in Section 5 of this Policy.
Kokobet's KYC programme is designed to verify the identity of every player before any withdrawal is processed and, in certain circumstances, before deposit activity continues. KYC verification is a legal and regulatory requirement and is not optional. Players who fail to complete KYC checks to Kokobet's satisfaction may have their accounts suspended or permanently closed, and any funds pending withdrawal may be withheld pending investigation or, where legally required, reported to the relevant authority.
Kokobet will request KYC documentation in any of the following circumstances:
All players are required to pass Standard Customer Due Diligence ("CDD") before withdrawals are released. The following documents are required:
The document must be current (not expired), clearly legible, and must show the player's full name, date of birth, photograph, and document number. Scanned copies, high-resolution photographs, or secure electronic uploads via the account verification portal are all acceptable.
The document must show the player's full name and residential address and must match the address registered on the kokkobet.com account.
Kokobet operates a strict minimum age policy. Players must be 18 years of age or older to register and play. Date of birth as shown on the identity document submitted must confirm the player meets this threshold. Any account found to belong to a person under the age of 18 will be closed immediately and any deposits returned in accordance with applicable regulations.
In addition to identity and address documentation, Kokobet may require players to verify the payment methods used to fund the account. This is a standard industry safeguard to prevent the use of third-party payment sources.
Where a player's transaction history or overall risk profile indicates a need for further investigation, Kokobet's compliance team will request documentation to verify the source of the funds deposited ("Source of Funds") and, at higher levels of scrutiny, the broader origin of the player's overall wealth ("Source of Wealth").
Source of Funds documentation demonstrates how the specific funds deposited at kokkobet.com were generated. Acceptable evidence includes:
Source of Wealth checks may be applied to high-value players, including those participating in the highest VIP tiers, those entering the monthly Tesla Cybertruck Tournament (VIP Level 16), or those whose cumulative deposits or withdrawal requests reach thresholds that warrant enhanced scrutiny. Source of Wealth documentation provides a broader picture of how the player accumulated their overall net worth.
Failure to provide satisfactory Source of Funds or Source of Wealth documentation within the timeframe specified by Kokobet's compliance team will result in the suspension of withdrawal rights and may lead to account closure.
Enhanced Due Diligence is applied to players who present a higher risk profile. EDD involves collecting additional information and applying closer ongoing monitoring to the account. EDD will be applied in the following circumstances:
EDD measures may include, but are not limited to, senior management approval for account activity to continue, face-to-face or video verification, independent verification of documentation, and more frequent periodic review of the account.
A Politically Exposed Person is an individual who holds or has held a prominent public function, including heads of state, senior politicians, senior government officials, senior judicial or military officers, senior executives of state-owned corporations, and senior officials of political parties. The definition also extends to immediate family members and known close associates of such individuals.
Kokobet screens all players against PEP databases at the point of registration and on an ongoing basis. Players identified as PEPs are not automatically refused service, but are subject to EDD, senior management approval, and enhanced ongoing monitoring as a matter of course. PEP status does not in itself imply wrongdoing; it is a regulatory risk classification that requires additional care.
Kokobet screens all players against applicable international sanctions lists, including those maintained by:
Any player found to be a designated person or entity under any applicable sanctions regime will have their account immediately frozen and the matter reported to the relevant authority. Kokobet will not process deposits, withdrawals, or any transactions for sanctioned individuals or entities.
Kokobet maintains automated and manual transaction monitoring systems to identify suspicious patterns of financial activity. These systems flag transactions and account behaviour that may indicate money laundering, terrorist financing, fraud, or other financial crime. Indicators that may trigger a review include:
Where suspicious activity is identified, Kokobet's compliance team will conduct an internal investigation. Depending on the outcome, the matter may be escalated to a Suspicious Activity Report ("SAR") submitted to the appropriate financial intelligence unit. Players will not be informed ("tipped off") that a SAR has been filed or that they are under investigation.
Kokobet supports 24 cryptocurrencies — including Bitcoin (BTC), Ethereum (ETH), USDT, USDC, Solana (SOL), Dogecoin (DOGE), XRP, BNB, Litecoin (LTC), Cardano (ADA), Toncoin (TON), Polygon (MATIC), and others — for both deposits and withdrawals. The use of cryptocurrency introduces specific AML considerations, and Kokobet applies the following controls:
Kokobet requires a mandatory 1x deposit turnover before any withdrawal can be processed, even where no bonus is active. This requirement exists partly as an AML safeguard: it ensures that funds deposited at kokkobet.com are genuinely used for their stated purpose (gambling) before being withdrawn, rather than being used simply to pass funds through the platform. Players who repeatedly deposit and immediately seek to withdraw without completing the turnover requirement may be subject to enhanced scrutiny under this Policy.
Kokobet recognises that problem gambling and financial crime risk can intersect. Players exhibiting signs of gambling harm — such as chasing losses with rapidly escalating deposits — may simultaneously present AML risk indicators. In such circumstances, Kokobet may take action under both its Responsible Gambling Policy and this AML/KYC Policy concurrently. Players may be contacted by the safer gambling team, have deposit limits applied, or have their accounts referred for compliance review, all as separate and complementary safeguards.
Players who wish to set deposit limits, cooling-off periods, or self-exclusion can do so via their account settings or by contacting Kokobet support at [email protected] or via 24/7 live chat on kokkobet.com.
Kokobet retains all KYC documentation, transaction records, account activity logs, and compliance correspondence for a minimum period of five (5) years from the date the relevant transaction occurred or the date the account was closed, whichever is later. This obligation applies regardless of whether the account remains active. Records are held securely and may be disclosed to competent authorities upon lawful request.
The following records are maintained as a minimum:
All Kokobet employees and contractors who have contact with players, process transactions, or hold compliance responsibilities receive regular AML/CTF training. Training covers the recognition of suspicious activity, the correct escalation procedures, tipping-off prohibitions, and the legal consequences of non-compliance. Kokobet's compliance function is overseen by a designated Money Laundering Reporting Officer ("MLRO"), who holds responsibility for receiving internal disclosures, making external reports where required, and maintaining this Policy.
Where Kokobet relies on third-party payment service providers — including but not limited to Visa, Mastercard, Skrill, Neteller, iDEAL, Noda Pay, MiFinity, AstroPay, Revolut, and Paysafecard — for identity verification or transaction processing, such reliance does not diminish Kokobet's own AML/KYC obligations. Kokobet retains ultimate responsibility for compliance and conducts its own independent verification. All third-party providers integrated into kokkobet.com are required to operate to standards consistent with applicable AML/CTF legislation.
Players who refuse to provide requested documentation, provide false or misleading information, or are found to have engaged in or facilitated money laundering or terrorist financing will have their accounts closed immediately. In such circumstances:
Kokobet also reserves the right to decline account registrations, refuse deposits, or decline withdrawal requests at its sole discretion where it has reasonable grounds to suspect financial crime, without being required to disclose the reasons for such decisions to the player concerned.
This Policy is reviewed and updated periodically to reflect changes in applicable law, regulatory guidance, and best practice within the online gaming industry. The current version of this Policy is always available on kokkobet.com. Continued use of kokkobet.com following any update constitutes acceptance of the revised Policy. For questions relating to this Policy, players and third parties may contact Kokobet's compliance team at [email protected] or via 24/7 live chat at kokkobet.com.
