BetB2B: KYC and AML procedure in gambling

BetB2B

KYC (Know Your Clients) is a process during which a gambling operator verifies the identity and authenticity of their clients’ data.



The increase in the popularity of online gambling also leads to an increase in the requirements for the safety and protection of the interests of players. “Two important procedures that are used to achieve these goals are client verification (KYC) and anti-money laundering (AML),” BetB2B commented.

KYC (Know Your Clients) is a process during which a gambling operator verifies the identity and authenticity of their clients’ data. It involves the collection of client information such as full name, date of birth, address of residence, and other data required to identify an individual. In addition, gambling operators can also request documents confirming this data, such as a passport or driver's license.

The purpose of the KYC procedure is to prevent fraud, provide a safe iGaming environment, and protect minors from gambling. Thanks to this verification, gambling operators can check if the client has a history of a problem player or links to criminal organizations. This helps ensure fair and reliable gameplay, as well as compliance with the law.

The representative of one of the most popular casino and betting platform in the world, BetB2B, also draws attention to other aspects of KYC: “This is not only a process of checking a client before registering in the system, but also a continuous process of monitoring player activity. Gambling operators should keep an eye on the financial transactions of players in order to detect any suspicious activity or unusual situations. If the operator detects suspicious activity, he/she needs to conduct a more detailed investigation and, if necessary, report this to the relevant authorities.

AML (Anti-Money Laundering) is a procedure aimed at combating money laundering and terrorist financing in gambling. The purpose of AML is to prevent gambling from being used to legalize illegal proceeds or transfer funds to criminal activities.

AML includes various measures that help gambling operators detect and prevent financial transactions related to money laundering. This includes monitoring financial transactions, checking for links to suspicious organizations or individuals, and creating internal policies and procedures to combat money laundering.

In the context of these procedures, BetB2B plays an important role in ensuring that gambling operators comply with KYC and AML laws and regulations by providing the necessary tools and technologies to effectively implement KYC and AML procedures to help them comply with regulatory requirements and provide a safe iGaming environment for players.

Bet-b2b com is the best choice for gambling companies

Bet B2B is an IT platform that specializes in providing a wide range of solutions and services for companies in the gambling industry. The company has more than 12 years of experience and consistently occupies a leading position in the market.

The global online gambling market continues to show impressive growth. According to the data The Business Research Company in 2020 this market was valued at about $66.7 billion, in 2022 it reached $81.08 billion and will reach $88.65 billion in 2023. The largest regional market in the gambling industry is Europe, with a market share of 41%.

Bet B2B successfully operates in this dynamic industry, providing comprehensive IT solutions and services that contribute to the development of its clients' business. The company specializes in creating online casinos and sportsbooks from scratch, offering turnkey solutions that help companies quickly launch and develop their iGaming websites.

Among the proposed BetB2B solutions:

  • Turnkey Solution: a complete solution with an extensive selection of sports betting and extensive online casino content.

  • Retail Solutions: ready-made solutions for offline betshops.

  • Sportsbook API: An iFrame solution that allows you to organize bets on 182 sports with regular updates of events and list of available sports.

The company also provides its clients with access to a range of IT services, including the BetB2B CMS for creating and setting up the websites and landing-pages; BetB2B CRM for analyzing visitor activity; tools for tracking financial flows. The BetB2B platform provides tools for localization of client services, many customization options, and additional options for business development and promotion in any region: payment methods, language versions, local leagues, etc.

BetB2B is focused on creating high quality and innovative products and services that help companies achieve success in the gambling industry. The Bet B2B team strives to minimize possible problems and technical difficulties faced by clients and provides a reliable infrastructure for the development of their partners' business.

Bet-b2b com review: innovative and reliable IT solutions for iGaming websites

BetB2B provides a quality platform with a simple and intuitive interface, as well as a wide range of entertainment options to fully meet the needs of iGaming site owners looking to open an online casino or betting shop. It is important to offer high quality products and services in order to have a competitive advantage in the market. Bet-b2b com is a platform that can help other companies create and grow their iGaming business. The BetB2B’s sports betting API can be integrated into an existing website, and the design can be fully adapted to the requirements of the clients.

The company offers access to high-quality IT services that allow you to quickly create an online business in the gambling industry. The ideal solution for companies that have a license and a ready-made legal and payment infrastructure is Turnkey Solution from Bet B2B which includes:

Affiliate program is a complete tool that helps to create a unique affiliate network. With it, you can configure and manage the network, receive reports and statistics, and also regulate the amount of the commission.

Agent scheme. This service presents a pliable, layered tiered fee model accessible in numerous languages. It unveils the opportunity to build a clear and efficient network of agents and master agents for global player base accessibility.

Back-office is a service that allows you to track financial flows in real time during user activity. It is also possible to delegate rights to create profiles for employees and edit them. This is useful for granting access to platform management to several employees so that they can work with data and make changes in accordance with their tasks.

CRM BetB2B is a unique system that allows iGaming operators to analyze the activity of visitors to their betting or online casino website. With its help, you can easily set up communication with players, manage alerts and notifications, as well as segment players and summarize statistics for each of them.

CMS BetB2B is a tool for organizing content on the portal or creating a landing page for advertising, including banners, information about rules, promotions and other important elements.

This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

Company: BetB2B

Website: www.Bet-B2B.com

E-mail: info@bet-b2b.com

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