Anti-Money Laundering Statement
Effective Date: 15 Mar 2025
Company Name: WizB Gaming Ltd.
Address: 1007 N Orange St, 4th Floor, Suite 3778, Wilmington, DE 19801
Email: [email protected]

1. Overview

SkillVersus is committed to full compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations to ensure the security, transparency, and integrity of our platform. We implement industry best practices to prevent fraud, financial crime, and unauthorized access while maintaining regulatory compliance.

Our compliance measures align with U.S. federal financial regulations, state-specific requirements, and global AML standards, including:

● Bank Secrecy Act (BSA) and USA PATRIOT Act
● FinCEN Guidelines for Virtual Currency Businesses
● Unlawful Internet Gambling Enforcement Act (UIGEA, 2006)
● Financial Action Task Force (FATF) Recommendations

2. Know Your Customer (KYC) Compliance

SkillVersus enforces rigorous KYC policies to verify user identity and prevent illicit activities.

A. User Verification Process

✔ Basic KYC Requirements: All users must verify their full name, date of birth, phone number, and address before engaging in real-money competitions.
✔ Enhanced KYC for High-Value Transactions: Users conducting transactions above $500 must provide:
● A government-issued ID (passport, driver's license, or national ID card).
● Proof of address (utility bill, bank statement, or equivalent).
✔ Age Verification: Users must confirm they are 18 years or older before registering.
✔ Politically Exposed Persons (PEP) Screening: High-risk users undergo additional due diligence checks.
✔ Sanctions & Watchlist Screening: Users are cross-referenced with OFAC, Interpol, and other global watchlists to prevent financial crimes.

3. Anti-Money Laundering (AML) Compliance

SkillVersus maintains a risk-based approach to AML compliance, incorporating monitoring, reporting, and proactive fraud detection.

A. Transaction Monitoring

✔ Automated Detection: AI-driven fraud detection monitors deposit, withdrawal, and betting patterns to flag suspicious transactions.
✔ Red Flag Indicators:
● Structured deposits or withdrawals just below regulatory thresholds.
● Rapid deposit-withdrawal cycles without gameplay activity.
● Collusion or multiple account fraud between users.
✔ Manual Review & Escalation: High-risk transactions are manually reviewed by the compliance team.

B. Reporting & Compliance Procedures

✔ Suspicious Activity Reports (SARs): Transactions flagged for potential fraud or money laundering are reported to FinCEN and relevant authorities when required.
✔ Record Keeping: All user transactions, KYC data, and AML compliance logs are securely stored for a minimum of 5 years to meet regulatory requirements.
✔ Regulatory Cooperation: SkillVersus works with financial institutions, payment processors, and law enforcement agencies to ensure compliance with AML laws.

4. Geo-Restrictions & State Law Compliance

✔ Users from restricted jurisdictions (e.g., Arizona, Montana, Delaware, etc.) are geo-blocked from real-money competitions.
✔ Continuous legal review ensures compliance with evolving state laws and federal regulations.

5. Ongoing Compliance Measures

✔ Employee Training: Our staff undergoes regular AML training to identify financial crimes and fraudulent behavior.
✔ Independent Audits: SkillVersus conducts periodic internal audits and external compliance reviews to maintain adherence to AML/KYC laws.
✔ User Education: Players are informed about AML policies and their role in maintaining platform integrity.

6. Conclusion

SkillVersus is committed to preventing financial crime, ensuring user security, and maintaining compliance with all relevant AML and KYC regulations. Our robust compliance framework ensures a safe, transparent, and legally compliant gaming environment.

For further inquiries, please contact: [email protected]