PlaySQR Anti-Money Laundering Rules in India
Abusing the PlaySQR website as well as the mobile app for money laundering is strongly prohibited by the Terms & Conditions of the company and is punished by the law. The brand is entitled to take steps in order to prevent such cases and has developed a separate AML policy. Every registered user is obliged to be aware of all existing conditions of the policy and meet them.
In addition, the website realises its responsibility for the users’ safety and the security of their funds and tries to protect everyone from fraudsters and thieves by restricting access to registered profiles and encrypting the financial data.
What is Money Laundering?
Above all, money laundering stipulates that someone makes dirty money look clean. The term includes situations when the funds obtained illegally or unfairly are used for other legal purposes. Money laundering also encompasses the fact of possessing a sum that came from prohibited activities.
PlaySQR entails all possible cases of money laundering either on the site or in the app. Transferring money from fake accounts or balances that belong to third parties is forbidden. What is more, submitting the winnings to unknown accounts and wallets is prohibited. If you become a victim of such a situation, you need to get in touch with the support team and inform the assistant about it.
General AML Conditions
Before you start to deal with financial operations in PlaySQR, it is essential to familiarise yourself with the primary conditions of the AML policy. The main points are as follows:
- Cash-outs are paid only to those users who have signed up to have fun and entertainment and use the payment tool that was identified;
- Winnings are submitted to the individual whose name is prescribed on the payment account / bank card / etc.;
- Withdrawals cannot be requested if the user has opened an account with a fake name or has created multiple payment accounts;
- The brand has the right to request additional documentary when you are trying to cash out the winnings;
- Payment accounts can be suspended until the necessary documents are provided;
- All transactions are checked by the PlaySQR specialists so as to prevent money laundering cases;
- If it is found out that you do not meet the AML conditions, your account will be suspended during the investigation.
Identification and Verification
From time to time, PlaySQR may require you to provide a few documents to make sure you use your personal payment account for top-ups and cash-outs. The list of identification documents may include a notary-certified copy of your passport or other means that can prove your identity. Furthermore, proof of your address, possession of the payment account, and other facts can be requested. The files must be uploaded in an email message to the official address of the brand. As a rule, the information is checked within 1-2 hours.