Anti-Money Laundering Policy
Last updated: January 14, 2025
1. Introduction
Spice Dune Labs Ltd ("FantasyMarket", "we", "us") is committed to the highest standards of anti-money laundering (AML) compliance and requires management and employees to adhere to these standards to prevent the use of our services for money laundering purposes.
2. Policy Statement
It is the policy of FantasyMarket to prohibit and actively prevent money laundering and any activity that facilitates money laundering or the funding of terrorist or criminal activities.
3. Know Your Customer (KYC)
We implement robust KYC procedures including:
- Verification of customer identity using government-issued identification
- Proof of address verification
- Enhanced due diligence for high-risk customers
- Ongoing monitoring of customer transactions
4. Transaction Monitoring
We monitor all transactions for suspicious activity, including but not limited to:
- Unusual deposit or withdrawal patterns
- Transactions inconsistent with customer profile
- Rapid movement of funds
- Structured transactions to avoid reporting thresholds
5. Reporting
Suspicious transactions will be reported to the relevant authorities in accordance with applicable laws and regulations.
6. Contact
For questions regarding our AML policy, please contact: contact@fantasymarket.com