What does the Source of Funds imply?
It may seem bewildering when you come across the term 'Source of Funds'. But it is not quite as it seems! In fact, the source of funds is the origin of the funds you use for deposits on our platform. It's just an additional process of verification that you may have to go through in order to access our service. That is to say, you will need to provide a kind of documentary confirmation of such a source in case we request it. This procedure helps us ensure that we maintain the necessary level of protection and fulfill our obligations.
Why does Cyber.bet need it?
Since 2017, jurisdictions have obliged all regulated operators to conduct such checks. The refusal to comply with this requirement can cost an operator a license. The thing is that the jurisdictions, in every way, are trying to prevent money laundering and any other fraud actions. Performance of this obligation just once again proves our legal activity and the transparency of our portal's operation.
How to pass this process?
Upon request, you will have to provide documented confirmation specific to your betting activity. This may include:
confirmation of earnings: payroll sheet/director remuneration/dividends/pension;
bank account/savings account statement that proves a steady flow of funds from an identifiable source;
a deed of trust proving that you're entitled to receive funds on a regular basis;
a dated proof that reflects that you received an award or any other payment;
any other docs that can prove the source of funds.
We understand that this procedure may cause some inconvenience, but by providing the necessary documentation/information, you are helping us comply with laws and regulations.
Is this procedure obligatory for all users?
Not all users will need to pass the procedure. If it's needed, we will reach out to you to initiate the process.
What does the Source of Funds imply?
It may seem bewildering when you come across the term 'Source of Funds'. But it is not quite as it seems! In fact, the source of funds is the origin of the funds you use for deposits on our platform. It's just an additional process of verification that you may have to go through in order to access our service. That is to say, you will need to provide a kind of documentary confirmation of such a source in case we request it. This procedure helps us ensure that we maintain the necessary level of protection and fulfill our obligations.
Why does Cyber.bet need it?
Since 2017, jurisdictions have obliged all regulated operators to conduct such checks. The refusal to comply with this requirement can cost an operator a license. The thing is that the jurisdictions, in every way, are trying to prevent money laundering and any other fraud actions. Performance of this obligation just once again proves our legal activity and the transparency of our portal's operation.
How to pass this process?
Upon request, you will have to provide documented confirmation specific to your betting activity. This may include:
- confirmation of earnings: payroll sheet/director remuneration/dividends/pension;
- bank account/savings account statement that proves a steady flow of funds from an identifiable source;
- a deed of trust proving that you're entitled to receive funds on a regular basis;
- a dated proof that reflects that you received an award or any other payment;
- any other docs that can prove the source of funds.
We understand that this procedure may cause some inconvenience, but by providing the necessary documentation/information, you are helping us comply with laws and regulations.
Is this procedure obligatory for all users?
Not all users will need to pass the procedure. If it's needed, we will reach out to you to initiate the process.
What if I refuse to provide the requested docs/info?
In case we can't reach out to you or don't receive the docs/info requested, we will have to take measures to restrict your account until the conditions are met. In the event of a later response from you, we will review your account once again.