KYC & AML From 1win Morocco

1win Morocco strictly adheres to Customer Identification (KYC) and Anti-Money Laundering (AML) standards to ensure the safety and legality of your financial transactions. We adhere to international regulations and local Moroccan law, ensuring a high level of security and confidentiality for all clients. Our company closely monitors all transactions to prevent any illegal activities related to money laundering or terrorist financing. We are committed to informing the relevant authorities in case of suspected illegal transactions, while strictly respecting the rights and privacy of our clients.

What is Money Laundering?

At 1win Morocco, we recognize the importance of combating money laundering, a key element in ensuring financial security and the legality of transactions. Money laundering is the process by which illegally obtained funds are converted into legal assets, and the main methods of money laundering include:

  • Concealment of Origin: Classifying the true source of funds so that they appear to have been obtained legally.
  • Splitting and Distributing: Breaking large sums into smaller sums, which are then invested through different channels.
  • Integration: Introducing “cleared” funds back into the economy through various investments or purchases.

At 1win Morocco, we use a variety of methods to detect and prevent such activities, including scrutinizing the origin of funds, monitoring transactions, and cooperating with regulators.

The Global Fight Against Criminal Capital

At 1win Morocco, we recognize our role in the global fight against criminal capital and actively participate in international initiatives to combat money laundering and terrorist financing. This fight includes cooperation with various governmental and international entities as well as the application of effective measures and strategies at the national level and here are the key aspects of our work:

  • Compliance with International Standards: We follow international norms and standards in the field of financial security.
  • Risk Analysis: Regularly analyzing and assessing potential money laundering risks.
  • Monitoring Technologies: Utilizing advanced technologies to track suspicious transactions.
  • Education and Training: Raising awareness and training employees to recognize and prevent financial crime.
  • Collaboration with Law Enforcement: Working closely with law enforcement and regulatory agencies to share information and take joint action.

In this way, 1win Morocco ensures its customers’ safety and actively contributes to the global effort to prevent the infiltration of criminal funds into the legal economy.

Your Obligations upon Account Creation

When you register an account on the 1win Morocco platform, you make certain commitments to ensure compliance with KYC and AML standards. These measures are necessary to prevent money laundering and terrorist financing, as well as to ensure the security of your transactions and compliance with legislation and your key commitments include:

  • Compliance with Legislation: you warrant that you will comply with all applicable laws and regulations relating to anti-money laundering and counter-terrorist financing, including 1win’s AML policy.
  • Confirmation of Origin of Funds: You confirm that all funds used to fund your account are lawfully obtained and are not linked to illegal activity or terrorism.
  • Provision of Information: You agree to provide any necessary information that 1win Morocco may request to verify your identity and the origin of the funds following our KYC procedures.

Monitoring and Prevention Measures

1win Morocco applies strict monitoring and prevention measures to protect against financial crime, including money laundering and terrorist financing. Our measures aim to ensure the complete security of our client’s transactions and compliance with all relevant laws and regulations and here are what key aspects of our strategy include:

  • Transaction Monitoring: Continuous analysis of all transactions for suspicious activity and compliance with regulatory requirements.
  • Risk Analysis: Assessing and analyzing the risk level of customers based on their financial activity and history.
  • Alerting Systems: Utilize advanced technology to detect and alert suspicious transactions.
  • Regulatory Cooperation: Effective cooperation with national and international authorities to share information and work together to prevent financial crime.
  • Staff Training: Ongoing training of our employees to increase their awareness and effectiveness in detecting and preventing financial crime.

These measures ensure that 1win Morocco provides our clients a safe and legitimate platform for all types of financial transactions.

Identity Verification in Compliance with AML Policy

At 1win Morocco, we place great importance on verifying the identity of our customers, which is a key element of our AML policy. This process helps to prevent financial crimes such as money laundering and terrorist financing, and identity verification is carried out through several stages:

  • Information Gathering: Initially, we collect basic information about the customer, including full name, date of birth, and residential address.
  • Documentary Verification: Customers are required to provide official documents to prove their identity.
  • Data Verification: We verify the information provided against our internal criteria and international standards.
  • Risk Assessment: Each client is assessed for potential risks associated with financial crime.
  • Continuous Monitoring: Customer data is regularly updated, and transactions are monitored.

Identification Document Requirements

In order to verify identity at 1win Morocco, we require customers to provide certain documents. This is necessary to comply with our obligations under the AML policy and ensure all financial transactions’ security. The list of required documents includes:

  • Official Photo Document: Passport, ID card, or other official photo document.
  • Proof of Address: Documents that prove the customer’s residential address, such as a utility bill or bank letter.
  • Additional Documents: We may request additional documents for further verification depending on the situation.
  • Checking for List Compliance: A check is carried out on the customer’s identity against international lists of persons suspected of terrorism or other crimes.

These requirements help us to ensure that all our customers meet the high standards of legitimacy and security set by our company and the international community.