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Bilbet Anti-Fraud Policy

Bilbet prioritizes the safety and security of its users by implementing a robust three-step verification system. This process ensures that all user information is accurate and that payment methods are used legitimately. The system not only protects users from fraud but also upholds global standards for anti-money laundering (AML). Measures vary depending on the user’s country, payment method, and transaction amount.

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Bilbet prioritizes the safety and security of its users.

What Is Money Laundering?

Money laundering refers to activities that disguise the origins of funds obtained through illegal means. Key actions include:

  • Transferring or converting funds to obscure their criminal origins;
  • Concealing ownership or true nature of such funds;
  • Acquiring or using illicitly obtained assets knowingly;
  • Assisting others in any of these activities.

Even if the original crime occurred in a different jurisdiction, laundering is still considered an offense.

Three-Step Verification Process

  1. Step One Verification.
    Required for all withdrawals. Users must provide basic personal details, including name, address, and date of birth, to ensure account accuracy.
  2. Step Two Verification.
    For transactions exceeding $2,000 or transfers over $1,000. Users need to submit a photo of their ID with a unique handwritten code. The system also cross-checks data through secure databases.
  3. Step Three Verification.
    Necessary for transactions over $5,000. Users must submit proof of their financial sources, ensuring transparency in high-value transactions.

Customer Identification and KYC

Bilbet follows strict Know Your Customer (KYC) protocols to validate user identities and prevent fraudulent activities. Users are required to:

  • Provide a clear copy of a government-issued ID;
  • Submit a second photo showing their face along with the ID;
  • In some cases, additional proof of residence may be requested.

Bilbet reserves the right to perform further checks if discrepancies arise.

Data Security

User data is stored securely, with access strictly limited to authorized personnel. Information is shared only with relevant authorities when legally mandated, ensuring compliance with the Data Protection Directive (95/46/EC). Bilbet uses state-of-the-art encryption and firewall technology to protect user data.

Contact Us

For questions or complaints related to Bilbet’s AML or KYC policies:

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