AML Policy

www.Chezascore.com

1. Introduction

This Anti-Money Laundering (AML) Policy outlines the measures and procedures implemented by Chezascore ( www.Chezascore.com), owned and operated by Kumbikumbi Technologies Limited, to prevent and combat money laundering, terrorist financing, and other illegal financial activities.

Chezascore is licensed and regulated by the Betting Control and Licensing Board (BCLB) of Kenya and is committed to maintaining the highest standards of integrity, transparency, and compliance with all applicable laws and regulations.

2. Purpose

• Ensure that Chezascore complies with the Proceeds of Crime and Anti-Money Laundering Act (POCAMLA) of Kenya and all related regulations.
• Protect Chezascore from being used as a platform for money laundering or terrorist financing.
• Set out the responsibilities of Chezascore employees, agents, and partners in identifying and reporting suspicious activities.

3. Scope

• All customers of Chezascore.
• All employees, contractors, and agents of Chezascore.com.
• All products and services offered on www.Chezascore.com.

4. Legal and Regulatory Compliance

• The Proceeds of Crime and Anti-Money Laundering Act (POCAMLA), 2009.
• The Betting, Lotteries and Gaming Act (Cap 131) of Kenya.
• All directives issued by the Betting Control and Licensing Board (BCLB).
• International AML standards, including FATF (Financial Action Task Force) recommendations.

5. Customer Due Diligence (CDD)

• Verifying the identity of all customers during registration (e.g., full name, date of birth, phone number, and valid government-issued ID).
• Monitoring accounts for unusual betting patterns or large transactions.
• Restricting or suspending accounts where suspicious activities are identified.

6. Suspicious Activity Monitoring and Reporting

Chezascore actively monitors customer transactions for red flags such as irregular deposits, multiple accounts, or attempts to withdraw without betting activity. Any suspicious transactions will be reported to the Financial Reporting Centre (FRC) in Kenya, as required by law. Employees are trained to identify and escalate suspicious activities immediately.

7. Record Keeping

Chezascore will maintain the following records for at least seven (7) years:

• Customer identification documents (KYC records).
• Transaction history (deposits, bets, and withdrawals).
• Reports of suspicious activities.

8. Employee Training

All employees of Chezascore receive regular AML training to ensure they understand the risks, obligations, and procedures for preventing money laundering. Training covers identifying suspicious activities, compliance requirements, and reporting obligations.

9. Prohibited Activities

• Chezascore does not accept cash deposits directly and prohibits any transactions suspected of involving criminal proceeds.
• The platform does not allow anonymous accounts or third-party deposits/withdrawals.
• Customers must use payment methods registered in their own names.

10. Cooperation with Authorities

Chezascore cooperates fully with law enforcement, regulatory authorities, and the Financial Reporting Centre (FRC) of Kenya in investigating money laundering or terrorist financing activities.

11. Data Protection

All personal and financial information collected during KYC and CDD processes is stored securely and handled in accordance with applicable data protection laws. Customer information will only be shared with competent authorities when required by law.

12. Policy Review

This AML Policy is reviewed regularly to ensure compliance with updated laws, regulations, and best practices. Changes will be communicated to all stakeholders.

13. Contact Information

For any questions or reports related to this AML Policy, customers can contact:

Email: [email protected]

Office: Nairobi, Kenya

Approved by: Management of Kumbikumbi Technologies Limited