Introduction
Dada8 is committed to preventing money laundering and the financing of terrorism. This Anti-Money Laundering (AML) Policy sets out the internal controls, processes, and obligations that govern customer identification, verification, ongoing monitoring, and reporting for all users of Dada8's platform in compliance with applicable laws and regulatory expectations.
Scope
This Policy applies to all Dada8 customers and activities, including account creation, deposits, wagering, withdrawals, and any other use of the platform, across all jurisdictions where Dada8 operates.
Definitions
- AML means anti-money laundering laws and regulations intended to detect and prevent money laundering and related crimes.
- KYC means Know Your Customer procedures to identify and verify customers and assess risk.
- CDD is Customer Due Diligence; EDD is Enhanced Due Diligence.
- PEP refers to a Politically Exposed Person and includes close associates and family members.
- Source of Funds and Source of Wealth refer to origins of funds used in account activity and the ownership of assets.
KYC Verification and Onboarding
We perform identity verification and background checks to establish the legitimacy of each customer. The following minimum data must be collected at onboarding: full name, date of birth, nationality, permanent residential address, and a government-issued identification number.
- Identity Documentation: a valid government-issued photo ID (passport, national ID card, or driving license). Submit front and back where available.
- Proof of Address: a document showing the customer’s name and current residential address issued within the last three months (utility bill or bank statement).
- Supplementary Verification: where required, additional documents such as alternative national identity documents or a photograph of the user holding the ID for visual confirmation; and, if a payment card is used for deposits, a front-facing image of the card with only the first six and last four digits visible and the cardholder name legible.
Initial and Ongoing Due Diligence
Dada8 applies a risk-based approach to customer due diligence. Initial Due Diligence (IDD) is conducted at onboarding and ongoing Due Diligence (ODD) is performed at regular intervals or upon change in risk profile. High-risk customers, including Politically Exposed Persons (PEPs) and customers from high-risk jurisdictions, are subject to Enhanced Due Diligence (EDD) with additional verification and ongoing monitoring.
Source of Funds and Source of Wealth
Customers must demonstrate that funds used for deposits originate from legitimate sources. Acceptable evidence includes:
- Payslips, salary records, managerial fees, dividends, or pension receipts;
- Bank statements or savings accounts showing a consistent pattern of credited funds from a clearly identifiable source;
- Foundations or trusts indicating fund provenance; and
- Timed documentation evidencing rewards or payments to the customer.
Evidence provided will be assessed for consistency with declared activity. Inconsistent, unverifiable, or forged documents will lead to escalation or denial of funds movement.
Anonymous and Multiple Accounts
Anonymous or nominal account records are not permitted. If identity cannot be established or appears inconsistent, the account will be subjected to heightened review, and may be restricted or closed. The Company may identify linked or multiple accounts owned by the same person and reserve the right to suspend or terminate such accounts, reject winnings, and return deposits to the source account where appropriate.
Politically Exposed Persons (PEP) and High-Risk Clients
Dada8 adopts a risk-based approach to PEPs and their immediate family and associates. PEP status triggers enhanced due diligence and ongoing monitoring proportionate to risk level. Debarment or denial of service may occur if compliance requirements are not met.
Transaction Monitoring and Reporting
All transactions are monitored for AML indicators. Any suspicious activity, inconsistency, or discrepancy identified through monitoring must be reported to the relevant regulatory authorities in accordance with applicable laws. Records of identifications, due diligence, and transactional data are retained as required by law and may be made available to regulators upon request. Where warranted, Dada8 may suspend, restrict, or permanently close an account and return funds to the source of funds if the activity is deemed non-compliant.
Sanctions, Watchlists, and Record Keeping
Dada8 screens customers against applicable sanctions and regulatory watchlists and blocks or terminates access when a match is found. All AML-related records, including identification, due diligence, and transaction records, are retained for the minimum period required by law, and longer retention may apply where regulatory obligations exist.
Data Retention and Privacy
Retention of records complies with applicable data protection laws and regulatory requirements. Access to AML records is restricted to authorized personnel and regulatory authorities as required. Personal data used for AML purposes is processed in accordance with Dada8’s Privacy Policy.
Governance, Training, and Compliance Oversight
Dada8 maintains an AML Program overseen by the Compliance Team. The program includes periodic risk assessments, annual AML/KYC training for staff, and internal audits to verify adherence to this Policy. Policies, procedures, and controls are documented and updated to address changing regulatory expectations.
Customer Rights and Assistance
Customers may inquire about AML measures or request information regarding verification procedures via the in-site Help Center. Dada8 will respond in a timely manner and maintain records of inquiries and responses consistent with applicable privacy and regulatory requirements.
Policy Updates
We may amend this Policy to reflect changes in law or regulatory guidance. Material changes will be communicated in accordance with our Terms and Conditions and Privacy Policy.