1. Introduction
BetBolt.com is operated by Nebuchadnezzar Technologies, registered in Costa Rica.
At BetBolt.com, we are committed to combating money laundering and the financing of terrorism. This Anti-Money Laundering (AML) Policy describes our framework to comply with relevant international standards, including the FATF Recommendations, and the General Data Protection Regulation (GDPR).
2. Purpose of This Policy
To protect our platform, players, and financial infrastructure, BetBolt.com implements a multi-layered verification process and ongoing transaction monitoring. Our goal is to validate user identities, ensure the legitimacy of transactions, and minimize the risk of money laundering activities.
3. Regulatory Framework
BetBolt.com’s AML program is designed in accordance with:
Costa Rica AML regulatory requirements
FATF’s international AML/CFT recommendations
4. What Is Money Laundering?
Money laundering refers to:
Hiding or disguising the origin of illicit funds
Moving or converting assets derived from criminal activity
Knowingly acquiring or using illegally obtained property
Supporting or facilitating any of the above
Note: Money laundering is considered a crime regardless of where the underlying offense occurred.
5. AML Governance
A designated AML Compliance Officer (AMLCO) ensures implementation, internal reporting, and ongoing risk evaluation
6. Know Your Customer (KYC) Measures
BetBolt.com requires user identity verification for select transactional triggers.
Required Documents:
A valid government-issued ID (passport, ID card, or driver’s license)
A selfie holding the ID and a note displaying 6 randomly generated digits
All document corners must be clearly visible; only core identity fields are required unless otherwise necessary
Proof of Address:
Verified electronically through two databases
If not verified automatically, a utility bill, government letter, or bank statement (dated within 90 days) is requested
Proof of Source of Funds (where applicable):
Documents such as salary slips, business ownership, investment statements, or inheritance confirmation
7. Transaction Monitoring
BetBolt.com utilizes a layered monitoring system:
Automated Alerts:
AI-powered tools flag patterns like:
Unusual deposits/withdrawals
Inconsistent payment methods
Abrupt changes in login behavior or IP location
Human Review:
Trained staff verify flagged cases for manual assessment
Manual Audits:
High-risk or suspicious accounts undergo additional scrutiny, with escalations sent to the relevant authorities.
8. Risk-Based Evaluation (EWRA)
Each year, BetBolt.com performs an Enterprise-Wide Risk Assessment (EWRA), assessing:
Products and services
Customer activity patterns
Geographic exposure
Delivery mechanisms and emerging AML risks
Findings help refine our AML controls and procedures.
9. Reporting Suspicious Activity
All BetBolt.com staff are obligated to report any suspicious activity to the AML team. The AMLCO is responsible for:
Reviewing and evaluating reported concerns
Filing Suspicious Activity Reports (SARs) with the appropriate Financial Intelligence Unit (FIU) if necessary
Taking corrective actions, including potential account closures
10. Record Retention
In compliance with applicable laws:
All KYC records are retained for 10 years following account closure
Transaction records are securely stored, encrypted, and archived for 10 years
11. Employee Training
BetBolt.com ensures ongoing AML awareness through:
Annual mandatory training for all employees
Role-specific training modules for new team members
Regular updates reflecting changes in regulation and threat landscapes
12. Data Privacy
BetBolt.com fully adheres to GDPR requirements. All customer data is:
Encrypted and stored securely
Shared only when legally mandated (e.g., AML investigations)
13. Contact & Support
For AML or KYC-related questions, please contact: