Deposit hold - 50% AML withdrawal holding policy

DEPOSIT HOLD - 50% AML WITHDRAWAL HOLDING POLICY

1. Purpose of the Policy

AfriluckBet is committed to preventing money laundering, fraudulent activities, identity theft and other prohibited financial transactions. This policy establishes procedures for temporarily withholding 50% of eligible withdrawal funds where additional Anti-Money Laundering (AML) verification is required.

2. 50% Withdrawal Holding

Where an account or transaction is selected for enhanced AML review, AfriluckBet may temporarily hold 50% of the eligible withdrawal amount pending completion of the necessary verification checks.

The remaining 50% may be processed only where permitted by applicable law and where there are no independent grounds for restricting the payment.

3. Reasons for AML Holding

A 50% withdrawal hold may be applied where:

• Unusual or suspicious betting patterns are identified.
• Deposits and withdrawals show unusual transaction activity.
• There are concerns regarding the source of funds.
• Multiple payment methods or accounts raise compliance concerns.
• Additional identity or account verification is required.
• A transaction triggers applicable AML monitoring procedures.

4. Verification Requirements

Customers may be requested to provide:

• Valid national identification or passport.
• Proof of residential address.
• Proof of ownership of the payment method.
• Source-of-funds documentation.
• Additional documents reasonably required for AML compliance.

5. Release of Held Funds

The held 50% will be reviewed following the completion of the AML investigation.

Where the customer successfully completes verification and no legal restriction applies, the held funds will be released within the applicable payment-processing timeframe.

6. Failure to Complete Verification

If a customer fails to provide the requested documents within the communicated timeframe, AfriluckBet may continue restricting the affected funds where legally justified.

Any decision to reject, return, freeze or confiscate funds must be supported by applicable law and the relevant contractual terms.

7. Customer Notification

AfriluckBet will communicate applicable verification requirements and provide updates where legally permitted. Customers may contact customer support for clarification regarding their withdrawal status.

8. Compliance with Applicable Laws

This policy shall be interpreted in accordance with applicable gambling, consumer protection, payment services and Anti-Money Laundering regulations.

9. Right to Amend

AfriluckBet reserves the right to amend this policy when necessary to reflect changes in regulatory requirements, operational procedures or AML compliance standards.

10. Acceptance of Terms

By using AfriluckBet services, customers agree to comply with the platform's applicable verification and AML requirements, subject to applicable law.