Anti-Money-Laundering and Verification Policy

1. Position

Open Standard LLC does not accept funds derived from crime and does not permit its platform to be used to move them. We are not supervised by a gambling regulator. We apply this policy on our own account, and we comply with the sanctions and anti-money-laundering laws that apply to us. Compliance enquiries go to SUPPORT_EMAIL.

We are not a bank, a money transmitter or any other kind of financial institution, and we do not hold ourselves out as one. Balances on this site are amounts we owe you, not deposits.

2. Customer due diligence

Verification is in three stages, and each is triggered by a defined event rather than by discretion.

1. REGISTRATION. An email address, confirmed by a link we send to it. This establishes that the address is reachable and belongs to whoever opened the account. It is not identity verification and we do not describe it as such.
2. WITHDRAWAL REVIEW. A withdrawal of 1,000 US dollars or more in value, or one that takes an account past 1,000 US dollars in 24 hours, is held and reviewed by a person before it is sent. The reviewer sees the account history and may ask, by email, for identity documents and evidence of the source of funds before approving.
3. ENHANCED. Where the pattern of an account warrants it, we require evidence of source of funds and source of wealth before any further withdrawal, at any amount.

3. Sanctions and politically exposed persons

We do not open, and do not continue, a relationship with a sanctioned person or entity. Where a name is known to us, from a withdrawal review or a redemption, we check it. We do not collect a name at sign-up, so a name check does not run at registration.

Politically exposed persons, their family members and known close associates are subject to enhanced due diligence and to senior approval before an account continues.

4. Blockchain address screening

Every deposit address we issue and every withdrawal destination is screened against address risk data. We refuse withdrawals to addresses associated with sanctioned entities, with theft, or with mixing services used to break the chain of custody, and we investigate deposits arriving from them.

We monitor what arrives at our addresses. An unsolicited transfer designed to make a lookalike address appear in your transaction history is a real and current attack, and we do not derive any payout destination from a transaction history for that reason.

5. Payment rules that are not negotiable

• We pay only to a wallet we can associate with the account holder. We do not pay to a third party, and we do not pay to an account held on trust for somebody else.
• We do not accept a deposit on behalf of another person.
• We do not convert one asset into another. What you deposit is what you can withdraw.
• A withdrawal is authorised by a one-time code sent to the account email. The code authorises one withdrawal and cannot be reused.

6. Records and reporting

We keep records of accounts, transactions, bets and verification for at least five years after an account closes.

Where we know or suspect that funds are the proceeds of crime, we report to the authority the law names. We do not tell the account holder that we have done so, because that is generally an offence.

Staff involved in operating the platform receive training appropriate to their role and to this policy.

7. Contact

Compliance and law-enforcement enquiries, and everything else: SUPPORT_EMAIL.