Legal
AML/CTF & Verification
Why we verify identity, and what the law requires of us.
MarantelliBet Partnership is a reporting entity under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) (the AML/CTF Act) and is regulated by AUSTRAC. We maintain an AML/CTF program designed to detect and prevent money laundering and terrorism financing.
Identity verification (KYC)
- We verify your identity ("Know Your Customer") when you open an account and may re-verify at any time.
- We may request government-issued identity documents and proof of address or source of funds.
- We may delay or block deposits, withdrawals or betting until verification is complete.
Monitoring & reporting
- We monitor transactions and may report suspicious matters and threshold transactions to AUSTRAC, as the law requires.
- We are not always permitted to tell you when a report has been made.
- We accept debit funding only; funds must come from an account in your own name.
Records
We keep verification and transaction records for at least seven (7) years, as required by the AML/CTF Act. See our Privacy Policy for how we handle this information.
Cooperating with these checks helps keep your funds and our service secure. Questions? Contact Us.