To protect our customers' funds and to ensure compliance with international commercial standards, Favbet (referred to as hereinafter the "Company") act exclusively in accordance with the Law on both combating illegal money laundering, as well as combating the financing of terrorism and a criminal activities.

To monitor in accordance with legal requirements, the Company a established a department that develops anti-laundering procedures money and implementation of the Know Your Customer (AML / KYC) principle, which are mandatory for all Company employees. Also, the department also sets the policy for interaction with individuals registered on the website of the company Favbet (named hereinafter "Site") which have opened an account (hereinafter referred to as "Company Customers").

The Compliance Department is committed to ensuring that all the Company's operations comply with international standards of anti-money laundering and that all documents presented by the Client are up-to-date and comply with legal requirements. Therefore, by opening an account on the Site, the Customer unconditionally accepts the Conditions Company Policy, agrees with its rules and undertakes to he respects them.

The Company has a list of documents, by providing which the Client can confirm identity, namely: a color copy of the passport or a color copy of the identity card. At the Company's request, they must be provided additional documents - a copy of the driver's license, a receipt for the payment of utility bills (to confirm the place of residence of the Customer). In addition, the verification process includes mandatory confirmation of the customer's phone number.

Withdrawal of funds from the Client's account is allowed only after verification of the Client, based on the appropriate documentation provided and of a completed questionnaire. Withdrawals from the account are made only by belonging to a person identified as a customer of the company (owner of an account personal from this site). Withdrawal by third parties is prohibited. Internal transfers between company customers are also prohibited.

The company is obliged and has the right, without prior consent, to share information about the Customer with financial institutions and law enforcement agencies as required by applicable law. to in turn, the Client consents to these actions. In order to fulfill this clause, the Company stores any information about the Customer's payment transactions for at least five years.

The customer undertakes to comply with the legal regulations, including those international, aimed at combating the illegal circulation of money, a financial fraud, money laundering and legalization of obtained funds by illegal means.

The customer undertakes to make every effort to prevent direct or indirect complicity in illegal financial activities and to any other illegal transactions using the Company's website.

The customer guarantees the legal origin, the legal ownership and the right to use funds credited to his own account.

In case of confirmation of suspicious transactions in the Customer's account, replenishing the account with cash from unreliable sources (for example, data about sender and account holder do not match) and/or anything actions with signs of fraud (including any refund or cancellation of payments), the Company reserves the right to conduct an investigation internal, to block or close a customer's account, to cancel all payments and to suspend transactions on the account until the end of the investigation official When making a decision, the Company is guided by the provisions the legislation in force.

The Company has the right to request additional information about the Customer if the withdrawal method differs from the method of depositing the funds. The Company also reserves the right to block the Customer's account in during the investigation if the Customer refused to provide information additional requested by the Company.

During the investigation, the Company has the right to request additional copies of documents confirming the identity of the client, as well as copies of bank cards used to top up the account, copies of the payment and other documents confirming the legal ownership and legal origin of the funds. Regardless of the copies provided, the Company has the right to request the presentation of original documents for examination.

Compania va monitoriza în special îndeaproape clienții din țările cu risc ridicat.

The Company's refusal to carry out operations considered suspicious from the point from the Company's point of view (including blocking or closing the account The Customer) is not the reason for the Company's civil liability for failure to fulfill its obligations towards the Client.

The company is not obliged to inform customers and other persons about measures taken to counter the legalization (laundering) of income from crime and terrorist financing, except for informing customers about the suspension of a certain service, about the refusal to perform the Customer's requests, about the refusal to open an account and also about the need to provide the Client's documents.

The anti-money laundering policy is an integral part of the agreement to the client, based on which the Client opens an account on the website ( www.favbet.ro ).