Pursuant to the Measures Against Money Laundering Act (“MAMLA”), Big Bet Games Ltd., in its capacity as an obliged entity, applies enhanced due-diligence measures to persons who are Politically Exposed Persons (“PEPs”) or persons connected with them.
Who is deemed a Politically Exposed Person?
A Politically Exposed Person is a natural person who currently holds, or has held within the past one year, any of the following senior public functions:
- Head of State, Head of Government, Minister, Deputy Minister or Assistant Minister;
- Member of Parliament or of another legislative body;
- Judge of a supreme or constitutional court whose decisions are not subject to appeal save in exceptional circumstances;
- Member of the Court of Auditors;
- Member of the governing body of a central bank;
- Ambassador or head of a diplomatic mission;
- Senior officer of the armed forces;
- Member of the governing body of a state-owned enterprise or company with sole state ownership;
- Mayor, Deputy Mayor or Chairperson of a Municipal Council;
- Member of the governing body of a political party;
- Executive head, deputy head or member of the management or supervisory bodies of an international organisation.
Who is considered related to a PEP?
Related persons include:
- Spouses or persons in a relationship tantamount to marriage;
- Their children and the partners of those children;
- Parents and their partners;
- Siblings and their partners;
- Persons with whom the PEP shares joint ownership or maintains commercial/professional relations;
- Persons who own legal entities established for the benefit of the PEP.
What must you do?
During registration on our platform you will be asked whether you are a PEP or a related person. Your answer is mandatory:
- If you are not a PEP or related person, select “No” and you may freely use all services.
- If you are a PEP or related person, select “Yes”. In that case, access to certain functionalities will be temporarily restricted until the necessary verification is completed.
What documents are required if you declare PEP status?
If you declare that you are a PEP, you must provide the following documents via the “Verification” menu:
- Declaration under Art. 42 of MAMLA;
- Declaration of source of funds.
The documents must be completed and signed either manually or with a qualified electronic signature.
Important!
If you accidentally selected “Yes” but you are not a PEP, please Contact us
If you are a PEP but failed to declare it, you must immediately update the information. Non-compliance may entail liability under Art. 313 of the Criminal Code.