AML & KYC Policy
GoExch9 is committed to preventing money laundering and ensuring the security of our platform through robust identity verification procedures on India's most trusted sports exchange.
Identity Verification
All users must verify identity before first withdrawal
Fraud Prevention
Advanced systems to detect and prevent fraudulent activity
Regulatory Compliance
Adherence to international AML standards
Table of Contents
Introduction to AML & KYC
We are committed to maintaining the highest standards of Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance. This policy outlines our procedures for preventing money laundering, terrorist financing, and other financial crimes on our platform.
We implement robust identity verification and transaction monitoring systems to ensure that our platform is not used for illegal activities. All users, employees, and partners are expected to comply with this policy.
Legal Obligation: As a financial services provider, we are legally obligated to implement AML/KYC measures to prevent our platform from being used for money laundering or financing of illegal activities.
Definitions for Compliance
| Term | Definition |
|---|---|
| Money Laundering | The process of concealing the origins of illegally obtained money, which we actively monitor and prevent. |
| KYC (Know Your Customer) | The process of verifying the identity of customers to assess potential risks and prevent fraud. |
| AML (Anti-Money Laundering) | Laws, regulations, and procedures implemented to prevent criminals from disguising illegally obtained funds. |
| PEP (Politically Exposed Person) | An individual who holds or has held a prominent public position, presenting a higher risk for compliance. |
| STR (Suspicious Transaction Report) | A report filed when there is suspicion that a transaction may be related to money laundering. |
| CDD (Customer Due Diligence) | The process of gathering and analyzing customer information to assess potential risks. |
KYC Requirements
All users are required to complete our KYC verification process. The level of verification required depends on account activity and transaction volumes.
3.1 When KYC is Required
- Account Registration: Basic information required for all new accounts
- First Withdrawal: Full identity verification required before any withdrawal
- Deposit Threshold: Additional verification when cumulative deposits exceed ₹1,00,000
- Withdrawal Threshold: Enhanced verification for single withdrawals above ₹50,000
- Suspicious Activity: Additional verification may be requested at any time
3.2 Verification Levels
Basic Level
Requirements: Email, Phone, Name, Date of Birth
Limits: Deposits only, no withdrawals allowed
Standard Level
Requirements: Government ID, Address Proof
Limits: Withdrawals up to ₹1,00,000 per month
Enhanced Level
Requirements: Additional ID, Source of Funds verification, Selfie with ID
Limits: Unlimited withdrawals (no restrictions)
Processing Time: Standard KYC verification is typically completed within 24 hours. Enhanced verification may take 2-3 business days.
Verification Process
Our KYC verification process is designed to be quick and secure while meeting all regulatory requirements.
Upload Documents
Submit required ID
Document Review
Team verifies
Identity Match
Details matched
Verification Complete
Account verified
Submit Your Documents
Upload clear photos or scans of your government-issued ID and proof of address through WhatsApp at https://onlinecricketid.fun/ or our secure portal. Ensure all details are clearly visible.
Document Verification
Our compliance team reviews your documents for authenticity, checks for tampering, and verifies that all information matches your account details.
Selfie Verification (If Required)
For enhanced verification, we may ask you to submit a selfie holding your ID document to confirm you are the legitimate owner.
Confirmation
Once verified, you'll receive confirmation via WhatsApp/email. Your account will be upgraded to the appropriate verification level.
Accepted Documents
We accept the following documents for identity and address verification:
5.1 Identity Proof (Any One)
Aadhaar Card
12-digit Aadhaar number with clear photo for verification
PAN Card
Valid Permanent Account Number for KYC
Passport
Valid passport for identity verification
Driving License
Valid driving license accepted
Voter ID
Election Commission issued Voter ID
Government ID
Any valid government-issued photo ID
5.2 Address Proof (Any One)
Utility Bill
Electricity, water, or gas bill (not older than 3 months)
Bank Statement
Official bank statement (not older than 3 months)
Credit Card Statement
Recent credit card statement for address verification
Rent Agreement
Valid rental agreement accepted
5.3 Document Requirements
- All documents submitted must be valid and not expired
- Photos/scans must be clear and fully legible
- All four corners of the document must be visible
- No editing, cropping, or manipulation of documents
- Address proof must be dated within the last 3 months
- Name on documents must match account name
Important: Submitting forged, altered, or fraudulent documents is a criminal offense and will result in immediate account termination and potential legal action.
Anti-Money Laundering Measures
We implement comprehensive measures to prevent money laundering and terrorist financing:
6.1 Customer Due Diligence (CDD)
- Verification of customer identity before account activation
- Assessment of customer risk profile based on activity patterns
- Ongoing monitoring of customer transactions
- Enhanced due diligence for high-risk customers
6.2 Enhanced Due Diligence (EDD)
Additional scrutiny is applied to:
- Politically Exposed Persons (PEPs) and their associates
- Customers from high-risk jurisdictions
- Accounts with unusual transaction patterns
- High-value transactions exceeding normal thresholds
- Customers who refuse to provide requested information
6.3 Source of Funds Verification
For large transactions or accounts flagged for enhanced review, we may request:
- Proof of income (salary slips, business income)
- Bank statements showing source of deposits
- Documentation of asset sales or inheritance
- Any other relevant financial documentation
Transaction Monitoring
We employ sophisticated systems to monitor all transactions for suspicious activity:
7.1 Automated Monitoring
- Real-time analysis of all deposits and withdrawals
- Pattern recognition to identify unusual behavior
- Velocity checks on transaction frequency
- Cross-referencing with sanction and watchlists
7.2 Manual Review Triggers
- Single transactions exceeding ₹2,00,000
- Multiple transactions totaling ₹10,00,000 in 24 hours
- Rapid deposit-withdrawal cycles
- Unusual betting patterns inconsistent with recreation
- Account activity inconsistent with stated occupation/income
Your Security: Our monitoring systems protect both the platform and our genuine customers from fraudulent activity and financial crime.
Red Flags & Suspicious Activity
The following activities may trigger enhanced scrutiny or account suspension:
Reporting Obligations
We are obligated to report suspicious activities to relevant authorities:
9.1 Suspicious Transaction Reports (STR)
We file STRs with the Financial Intelligence Unit (FIU-IND) when:
- Transactions appear to involve proceeds of crime
- Activity patterns suggest money laundering
- Customer behavior indicates potential terrorist financing
- There is reason to believe false identity has been used
9.2 Cash Transaction Reports (CTR)
We report all transactions exceeding regulatory thresholds to the appropriate authorities.
Confidentiality: We are prohibited from informing customers when an STR has been filed. Any attempt to "tip off" a customer about an investigation is a criminal offense.
Record Keeping
We maintain comprehensive records as required by law:
| Record Type | Retention Period |
|---|---|
| Customer identification records | 5 years after account closure |
| Transaction records | 5 years from transaction date |
| KYC documents | 5 years after account closure |
| Suspicious activity reports | 5 years from filing date |
| Correspondence | 5 years |
All records are stored securely with appropriate access controls and encryption.
Non-Compliance Consequences
Failure to comply with our AML/KYC requirements may result in:
- Account Suspension: Immediate suspension of account pending verification
- Withdrawal Hold: Funds held pending investigation
- Account Termination: Permanent closure for serious violations
- Fund Forfeiture: Confiscation of funds in cases of confirmed fraud
- Legal Action: Reporting to law enforcement for criminal activity
- Industry Blacklist: Sharing information to prevent fraud
Fair Process: Before taking any adverse action, we will provide you an opportunity to respond to our concerns, unless doing so would compromise an ongoing investigation.
Contact Compliance Team
For questions about our AML/KYC policy or to submit verification documents:
Compliance Department
Email: compliance@goexch.net
WhatsApp: https://onlinecricketid.fun/ (Available 24/7)
Response Time: Within 24 hours
For urgent matters or to report suspicious activity, please contact our compliance team immediately through WhatsApp.
Ready to Verify Your Account?
Complete your KYC verification quickly and easily. Our team is available 24/7 to assist you with document submission.