Purpose This Anti-Money Laundering (AML) and Know Your Customer (KYC) Policy explains how Online Cricket ID and our affiliated platform ICE777 prevent financial crime, money laundering, and terrorist financing.

1. Introduction

Online Cricket ID (onlinecricketid.live) and its primary affiliate ICE777 are committed to complying with all applicable anti-money laundering (AML) laws and regulations. This includes the Prevention of Money Laundering Act, 2002 (PMLA) of India and the AML requirements of ICE777's Curacao eGaming licence.

Money laundering is a serious crime that causes significant harm to society. Our AML programme is designed to prevent our platform from being used to launder the proceeds of criminal activity.

2. What Is Money Laundering?

Money laundering is the process of making illegally obtained money appear to have come from legitimate sources. It typically involves three stages:

  • Placement: Introducing "dirty" money into the financial system — e.g., depositing criminal proceeds through a betting platform
  • Layering: Disguising the trail by moving funds through multiple accounts or transactions
  • Integration: Withdrawing funds that now appear legitimate

Online betting platforms are a target for money laundering due to the speed and volume of transactions. We take our obligations to prevent this extremely seriously.

3. Our Commitment

We are committed to:

  • Implementing robust Know Your Customer (KYC) procedures
  • Monitoring all transactions for suspicious activity
  • Reporting suspicious transactions to appropriate authorities
  • Training staff to recognise and report money laundering indicators
  • Refusing business from individuals or organisations on international sanctions lists
  • Cooperating fully with law enforcement agencies

4. Customer Due Diligence (KYC)

Standard KYC Requirements

All users must complete identity verification before making significant transactions. Standard KYC requires:

  • Proof of Identity: Government-issued photo ID (Aadhaar, PAN card, passport, or driving licence)
  • Proof of Address: Utility bill, bank statement, or Aadhaar card (not more than 3 months old)
  • Date of Birth Verification: To confirm the user is 18 or older
  • Source of Funds: May be required for higher-value transactions or suspicious activity

Enhanced Due Diligence (EDD)

Enhanced Due Diligence is required for:

  • Users depositing or withdrawing large amounts (above applicable thresholds)
  • Politically Exposed Persons (PEPs)
  • Users from higher-risk jurisdictions
  • Users flagged by our transaction monitoring system

EDD may require additional documentation including proof of source of wealth or employment information.

5. Transaction Monitoring

We monitor all financial transactions for suspicious patterns, including:

  • Unusually large deposits or withdrawals inconsistent with stated income
  • Frequent small deposits just below reporting thresholds (structuring)
  • Rapid cycling of funds — depositing and withdrawing with minimal betting activity
  • Use of multiple payment methods or accounts for the same user
  • Transactions inconsistent with the user's usual betting behaviour
  • Requests to transfer funds to third-party accounts

6. Reporting Obligations

Under India's Prevention of Money Laundering Act 2002 and ICE777's Curacao licence obligations:

  • We are required to report suspicious transactions to the Financial Intelligence Unit — India (FIU-IND)
  • We must file Cash Transaction Reports (CTRs) for transactions above applicable thresholds
  • We must file Suspicious Transaction Reports (STRs) when money laundering is suspected
  • We are prohibited from "tipping off" suspects that a report has been filed

7. User Obligations

As a user of our platform, you confirm that:

  • All funds used for betting are from legitimate, legal sources
  • You are not using our platform to launder the proceeds of criminal activity
  • All information provided during registration and KYC is accurate and truthful
  • You will cooperate with any KYC or EDD requests
  • You understand that accounts may be suspended and funds held pending investigation
Failure to cooperate with KYC verification or providing false documents is a criminal offence under Indian law and may result in account termination and referral to law enforcement.

8. Politically Exposed Persons (PEPs)

A Politically Exposed Person is an individual who holds or has held a prominent public position. This includes:

  • Government ministers, MPs, MLAs, and senior government officials
  • Senior judiciary, military, and law enforcement officials
  • Senior officials of international organisations
  • Immediate family members and close associates of the above

PEPs are subject to Enhanced Due Diligence. If you are a PEP, you must disclose this at the time of registration. We reserve the right to refuse service to PEPs at our discretion.

9. Sanctions Compliance

We do not conduct business with individuals or entities that are:

  • Listed on the United Nations sanctions lists
  • Listed on the Office of Foreign Assets Control (OFAC) Specially Designated Nationals list
  • Subject to Indian government sanctions
  • Located in countries subject to comprehensive international sanctions

If you are found to be on a sanctions list, your account will be immediately suspended and funds will be frozen pending legal guidance.

10. Contact — AML Officer

For AML-related enquiries, KYC documentation requests, or to report suspicious activity:

  • Email: [email protected]
  • Subject: "AML / KYC Enquiry"
  • Response time: 5 business days for standard enquiries

To report suspicious activity directly to Indian authorities: FIU-IND — fiuindia.gov.in