Introduction

Gb99 maintains a Know Your Customer (KYC) framework to verify user identity, validate funds, and prevent money laundering, terrorist financing and other illicit activity on the platform. This policy governs the application of KYC measures to all Gb99 accounts, transactions and related activities.

Purposes

  • Prevent breach of Gb99 terms and related documents and ensure integrity of the platform.
  • Prevent money laundering, terrorist financing and other illicit activity in compliance with AML/CFT laws.
  • Prevent access by minors or prohibited users.
  • Protect the financial soundness and reputation of Gb99 by mitigating operational and compliance risks.

Risk Assessment

Gb99 applies a risk-based approach to assess each user for AML/CFT purposes in line with FATF guidance. The risk categories are:

  • Country/Geographic risk — evaluation of the user’s residence jurisdiction against recognized high risk or deficient regimes and AML frameworks.
  • Customer risk — consideration of factors such as Politically Exposed Person status, sanctions status, and indicators of suspicious activity.
  • Transaction risk — assessment of transaction patterns, volumes and velocity that may indicate money laundering or fraud.

Verification (Standard)

Gb99 conducts Standard Verification under the following circumstances:

  • The total value of the user’s transactions on Gb99 reaches or exceeds 1000 USD or 1000 EUR;
  • The risk assessment identifies a significant risk of money laundering or terrorist financing;
  • There are behavioral indicators suggesting a potential breach of Gb99 terms and conditions;
  • Any other circumstance where Gb99 personnel determine verification is necessary.

Required documents and data for Standard Verification include:

  • A copy or photo of a government-issued identification document;
  • A photo of the payment card used or intended for deposits, with the cardholder name matching the Gb99 account name; CVV and middle digits may be obscured; the cardholder name must be visible;
  • A photo of the user holding the required documents as submitted for verification;
  • Address verification such as a utility bill or bank statement or other documents permissible under local law;
  • Additional data or documents as required, including, if needed, a live selfie or video verification and, where appropriate, documentation related to the source of funds.
  • In some situations, Gb99 may require a direct engagement with Support via a video call or live verification session.

Additional Verification for PEPs and High-Risk Jurisdictions

Where the user is a Politically Exposed Person (PEP) or resides in or originates from a jurisdiction identified as high risk or with strategic deficiencies, Gb99 imposes Enhanced Due Diligence. Gb99 may require:

  • Documentation proving the source of wealth and funds in accordance with applicable laws and regulatory requirements;
  • Additional data and documentation as determined by Gb99 senior management;
  • Written final approval by senior management of the verification outcome before any further processing of the account;
  • Temporary restrictions on high risk transactions pending completion of verification where appropriate.

Gb99 reserves the right to collect supplementary verification data as required and to involve regulatory or law enforcement authorities when there are grounds to suspect illicit activity. Refusal to provide required verification or evidence may result in account restrictions or closure.

Activity Monitoring

Gb99 conducts ongoing activity monitoring to detect suspicious activity. Suspicious activity includes, but is not limited to:

  • Use of multiple payment cards or methods through different channels;
  • Frequent payment errors or conflict codes during transactions;
  • Deposits from different issuers or geographies within short timeframes;
  • Use of multiple payment instruments in a short period;
  • Unwillingness to complete verification or provide requested information;
  • Geolocation inconsistencies among citizenship, residence, IP address, or card BIN data;
  • Attempts to link multiple Gb99 accounts or devices under different identities.

Any identified suspicious activity is escalated to the anti-fraud department for risk assessment and further action.

Transactions Monitoring

All deposits and withdrawals are subject to the following controls:

  • Card payments must be conducted in the name of the Gb99 account holder; third-party card use is prohibited;
  • Electronic wallet deposits must be associated with the registered Gb99 account email;
  • Withdrawals will be issued to the user’s verified instrument or bank account where ownership can be confirmed;
  • Gb99 does not accept deposits from anonymous payment instruments (including unregulated cryptocurrencies or anonymous wallets); withdrawals will not be made to anonymous instruments;
  • If a deposit instrument becomes unavailable, withdrawal funds will be directed to a verifiable instrument owned by the user.

Record Keeping and Data Protection

All documents and data obtained during verification and related financial data shall be stored, kept, and protected in compliance with applicable data protection and AML/CFT laws, including the General Data Protection Regulation (GDPR) and related privacy policies. Gb99 retains records for the period required by law and regulatory obligations in the user’s jurisdiction.

Amendments

This policy may be modified or amended at Gb99’s sole discretion. Registered users will be notified by email of changes. Continued use of the Gb99 platform after such notice constitutes acceptance of the updated policy.

Enforcement and Cooperation with Authorities

Gb99 reserves the right to restrict, suspend, or terminate accounts that breach this policy. Gb99 may report suspicious activity or provide information to relevant regulatory or law enforcement authorities in accordance with applicable laws. If a user refuses to provide requested information or evidence, Gb99 may close the account and report the matter to the appropriate authorities as required by law.