AML / KYC Policy

Anti-Money Laundering & Know Your Customer

Our Commitment

Dreamrake is committed to the highest standards of Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance. We implement robust procedures to prevent our platform from being used for money laundering, terrorist financing, or other illegal activities.

Know Your Customer (KYC) Requirements

When KYC Verification is Required

  • •Cumulative deposits exceed $2,000 USD equivalent
  • •Single withdrawal exceeds $1,000 USD equivalent
  • •Cumulative withdrawals exceed $3,000 USD equivalent
  • •Suspicious activity is detected on the account
  • •As part of random compliance checks

Required Documentation

Identity Proof

Government-issued ID (passport, driver's license, or national ID card)

Address Proof

Utility bill or bank statement (less than 3 months old)

Verification Process

  1. 1Submit required documents through our secure verification portal
  2. 2Documents are reviewed by our compliance team within 24-48 hours
  3. 3Additional information may be requested if needed
  4. 4Upon successful verification, account restrictions are lifted
  5. 5Verification status is permanently recorded for compliance

Anti-Money Laundering Procedures

Transaction Monitoring

We employ sophisticated monitoring systems to detect suspicious patterns, including:

  • •Unusual deposit/withdrawal patterns
  • •Structuring transactions to avoid thresholds
  • •Minimal gaming activity relative to transaction volume
  • •Rapid movement of funds in and out of accounts
  • •Deposits from high-risk jurisdictions
  • •Use of multiple cryptocurrency wallets

Suspicious Activity Reporting

When suspicious activity is detected, we are obligated to file Suspicious Activity Reports (SARs) with relevant authorities. Users are not notified when a SAR is filed as this is prohibited by law.

Prohibited Activities

  • Using Dreamrake to launder money or transfer funds derived from illegal activities
  • Providing false or misleading information during registration or verification
  • Using another person's identity or account
  • Structuring transactions to evade reporting thresholds
  • Using mixing services or anonymizing tools for deposits
  • Operating accounts on behalf of third parties without disclosure
  • Refusing to comply with verification requirements

Warning: Violation of AML policies may result in account termination, forfeiture of funds, and reporting to law enforcement authorities.

Risk-Based Approach

We assess risk factors to determine the level of due diligence required:

Low Risk

Standard verification for typical users with moderate activity

Medium Risk

Enhanced verification for higher-volume users or certain jurisdictions

High Risk

Enhanced due diligence with ongoing monitoring and source of funds verification

Record Keeping

In compliance with regulatory requirements, we maintain records of:

  • •Customer identification documents for at least 5 years after account closure
  • •All transaction records for at least 7 years
  • •KYC verification history and decisions
  • •Suspicious activity reports and investigations
  • •Staff training records on AML compliance

Compliance Questions?

Contact our compliance team for any AML/KYC related inquiries.

compliance@dreamrake.com
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