N88 is committed to preventing money laundering, terrorist financing, and related illicit activity. The company operates an AML/CFT program in compliance with applicable laws and regulations, including the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act). N88 is supervised by the competent supervisory authority and maintains policies that reflect a risk-based approach to customer due diligence, transaction monitoring, and reporting obligations.
The AML/CFT program is designed to meet statutory requirements and to maintain public confidence in the financial system. N88 updates its policies to stay aligned with current regulations and guidance from the competent supervisory authority. The program includes governance measures, assignment of a responsible compliance function, and an ongoing process to revise procedures as laws evolve.
All new customers must provide accurate information and complete identity verification before engaging in gambling activities or financial transactions. The documents required include:
On registration, customers are given a 30-day period to complete the verification process. Failure to verify within this timeframe will result in account restriction and limited access to certain features or transactions. The registration must be personal and exclusive for individual use; attempts to transfer or share the account will constitute a breach of the terms and may lead to lockout and withholding of remaining funds.
N88 conducts initial and ongoing due diligence proportional to the risk posed by the customer. Verification may involve public record checks and third-party verification services to confirm identity and source of funds. Customers must promptly provide any information requested to comply with AML/CFT obligations. Non-compliance or provision of inaccurate information may result in account closure and forfeiture of funds in accordance with regulatory and internal policies.
In cases of higher risk—such as unusual activity, high-value transactions, or customers from high-risk jurisdictions—N88 may apply Enhanced Due Diligence (EDD). EDD can include additional verification procedures, site visits, or third-party checks to ensure that the customer is not engaged in money laundering or terrorist financing activities.
N88 conducts ongoing monitoring of customer accounts and transactions to identify suspicious activity. Specific measures include:
N88 is committed to timely reporting of suspicious activity and any transactions that may indicate money laundering or terrorist financing. Reports are filed with the relevant regulatory authorities in accordance with law, and a designated compliance function oversees these processes.
Withdrawals are available only to accounts that have completed the verification process. If an account is not fully verified, withdrawal requests may be delayed, restricted, or denied in line with the AML/CFT program and internal policies.
N88 retains all customer identification materials and transaction records for the period required by applicable laws and regulations. Records are maintained securely and are accessible to the compliance function and supervisory authorities as permitted by law. Data handling complies with applicable data protection requirements and the company’s privacy policy.
A Compliance Officer is designated to oversee the AML/KYC program. All employees receive regular AML/KYC training to recognize and handle suspicious activity, understand verification obligations, and maintain proper record-keeping practices. Training is updated to reflect regulatory changes and evolving best practices.
All third-party service providers engaged by N88 must comply with the company’s AML/KYC policies and procedures. They may be required to provide information and reports in connection with verification, due diligence, and regulatory reporting obligations.
The N88 AML/KYC policy is subject to regular review and update to reflect new legal requirements, regulatory guidance, and risk assessments. Updates are implemented promptly, and the policy version and effective date are communicated through the appropriate channels. The policy remains in effect until superseded by a revised version.
Any personal data collected under this policy is processed in accordance with applicable privacy laws and the company’s privacy policy. Data is used solely to meet AML/KYC obligations, assess risk, and support regulatory reporting, with access restricted to authorized personnel.