AML & KYC Policy

Identity is verified at registration via the National Identification Authority (NIDA) using a 20-digit national ID number, supported by photographic ID and selfie. Withdrawals are blocked until KYC status is APPROVED. We capture: full name, date of birth, region, NIDA number, and photographic evidence.

EDD is triggered automatically when:

• A single transaction exceeds TZS 1,000,000 (deposit or withdrawal)
• Cumulative deposits in 30 days exceed TZS 5,000,000
• The player profile flags as a Politically Exposed Person (PEP) or is on a sanctions list
• Behavioural anomalies are detected (rapid deposit-then-withdraw, multiple MSISDN sources, structuring)

EDD requires a source-of-funds declaration and may require supporting documentation (bank statement, salary slip, business registration). Withdrawals are placed inAML_REVIEW status until cleared.

Designated AML officers review flagged activity within 1 business day. SARs are filed with the Financial Intelligence Unit (FIU) of Tanzania within 7 days of identification, regardless of customer relationship. We do not tip off players that an SAR has been filed.

All registered users and beneficial owners are screened against the UN consolidated list, OFAC SDN list, the EU sanctions list, and the UK HMT list at registration and weekly thereafter. Matches block transactions and trigger immediate review.

CDD, transaction, and audit-trail records are retained for 7 years from account closure or transaction date, whichever is later. Logs are immutable, append-only, and signed.

All staff complete AML training annually with a refresher course every 6 months. The AML Officer reports directly to the Board. The Board reviews the AML risk register quarterly.

To raise an AML/KYC concern or ask about your records, contact our compliance team at support@50pick.tz.