Purpose and Legal Framework
Wego888 maintains anti‑money laundering (AML) and counter‑terrorism financing (CTF) controls in accordance with applicable laws and regulatory standards. This policy governs customer identification, due diligence, ongoing monitoring, and reporting obligations for all users and accounts.
Risk‑Based Approach and Due Diligence Tiers
Wego888 applies a risk‑based framework to identify and mitigate ML/FT risks. Depending on risk indicators, transactions, and customer type, the following tiers of due diligence may be applied:
-
Default Customer Due Diligence (CDD) — standard checks when no low‑ or high‑risk indicators are present.
-
Simplified CDD — reduced information and monitoring for low‑risk scenarios.
-
Enhanced CDD — augmented verification and monitoring for high‑risk cases, including additional documents and intensified review.
Information and Documentation Required
The minimum data to open and maintain an account includes:
-
Full legal name;
-
Permanent residential address;
-
Date of birth;
-
Place of birth;
-
Nationality; and
-
Identity number (or passport number if no national ID).
In lower‑risk situations, some non‑essential data may be omitted. To verify information, Wego888 may request the following documents, upon reaching the applicable thresholds or earlier:
-
Unexpired government‑issued identity document (passport or national ID) to confirm identity;
-
Proof of address (bank statement, utility bill, rental agreement, or government letter) issued within the last six months.
Verification may also involve identity and payment‑means verification via photos/videos using secure software, or other methods as determined by Wego888.
Source of Funds and Source of Wealth
-
Source of funds means the funds used to fund a specific transaction.
-
Source of wealth means the origin of the customer’s total assets.
Ongoing Monitoring and Request for Additional Information
Wego888 conducts ongoing monitoring of customer activity and transactions. In higher‑risk situations, additional information may be requested, including occupation, previous addresses, the intended nature of the business relationship, source of funds or wealth, and the purpose of specific transactions, supported by documents (e.g., payslips, bank statements, tax documents).
Payment Details, Account Ownership and Third‑Party Prohibitions
-
Deposits must be made from payment methods registered in the customer’s name. Third‑party payments are prohibited. If a third‑party payment is detected, winnings may be voided and the original deposit returned to the owner of the payment account. Wego888 does not accept liability for funds deposited from third‑party sources.
-
The first payment or deposit may require verification through an account in the customer’s name with a bank or other payment provider subject to CDD standards.
Access, Verification Delays and Suspension
Until the required information and documents are provided and verified, access to some services may be limited or suspended. If documents are incomplete or fail verification, Wego888 may restrict, suspend, or terminate access in accordance with applicable law and the Terms and Conditions.
Timelines, Reassessment and Document Rejection
Requested information or documents must be supplied within 30 calendar days unless a different deadline is stated. Documents may be rejected if they do not match account details, are illegible, or are otherwise unacceptable for verification. Senior management may review difficult cases and determine the appropriate course of action.
Consequences of Inaccuracy or Non‑Compliance
Providing false, misleading, or incomplete information constitutes a breach of contract. Wego888 reserves the right to terminate or suspend the user’s account and to take any other action permitted by applicable law and the Terms and Conditions.
Record Keeping and Cooperation with Authorities
Wego888 maintains customer and transaction records in accordance with applicable laws and regulations and cooperates with competent authorities for identity verification, suspicious activity reporting, and other AML/CTF obligations.
Data Protection and Privacy
Personal data collected under this policy is processed in line with Wego888’s Privacy Policy and applicable data protection laws, solely for purposes of identity verification, monitoring, and regulatory compliance.
