Glory Casino: The Importance of AML and KYC Practices and How They Work
Glory Casino is a game-packed site that works under the legal umbrella of a Curacao license. According to the regulations imposed by this document, every casino player has to comply with AML and KYC practices. Read on to learn what these are and why it’s safe to pass them.
What is AML?
AML (Anti-Money Laundering) is a practice that Glory Casino enforces to prevent the transfer of property derived from illegal sources. The site designs its AML approach according to the following:
- Directive 2015/849 of the European Parliament and Council of 20 May 2015
- Regulation 2015/847
- Rules and sanctions addressing persons and embargoes on specific goods and technologies
- Belgium law of September 18, 2017, on the prevention of money laundering
Besides the obligation to comply with the law, AML aims to protect the site’s clients. Glory Casino achieves this by identifying third-person withdrawals from your account, immediately blocking a transaction, and notifying you about them.
What is KYC and How to Pass It
KYC (Know Your Customer) is a practice of client verification with the help of identity-proving documents. Completing Glory Casino KYC is essential, as it’s the only way to unlock withdrawals. Here’s how:
- Access your account. Open Glory Casino, click “Sign In,” and provide your registration data.
- Open profile settings. Find them in your account tab.
- Provide the information. Send a photo of your passport, ID card, or driver’s license alongside handwritten numbers that the site generates. The site also requires a second picture of your face. For your privacy, you may blur everything on your documents except your birthday, nationality, gender, name, and picture.
The KYC is completed 1 – 3 days after completing the process. When your account is verified, you’re notified. If the verification cannot be done due to the low-quality pictures, the site may request that you re-complete a verification.
Types of KYC Verification
The guide above has given the rough process of identity verification. Your routine may change based on the number of money you withdraw from the site.
| Type of verification | Step One | Step Two | Step Three |
|---|---|---|---|
| Specified for | Users that withdraw below $2,000 | Players who deposit/withdraw/send other users more than $2,000 | Users that deposit/withdraw $5,000 or send other players more than $3,000 |
| Require data | First name, second name, date of birth, country of usual residence, gender, and full address | A picture with your ID and six numbers in a hand-written form | The information required for Step One and Step Two and your source of wealth |
Glory Casino changes its KYC approach according to the risks deriving from the state of wealth in various regions. Countries are categorized into low, medium, and high-risk ones. For example, medium-risk regions require a Step Two verification after you deposit/withdraw over $1,000 or send $500+ to another player.
Record Keeping and Data Security
According to Glory Casino T&Cs, all the data you share within the site for ten years after the cease of business relations. According to Directive 95/46/EC, the site encrypts and protects your data. Your data may be shared with AML authority only if such is enforced by the law to prevent money laundering.