Kickr is committed to maintaining a safe and responsible gaming environment. Part of this commitment involves conducting Source of Wealth (SoW) checks.
What is a Source of Wealth Check?
A Source of Wealth check is a process used to verify the origins of a customer's funds. This involves providing documentation or information that confirms the source of the money you use to play on Kickr. The purpose of these checks is to ensure that funds are derived from legitimate sources and to prevent financial crimes such as money laundering.
Why Might You Need to Complete a Source of Wealth Check?
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Regulatory Compliance: As a licensed and regulated entity, Kickr is required to adhere to strict financial regulations. These regulations mandate that we understand the source of our customers' funds to prevent illegal activities.
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Account Security: SoW checks help in safeguarding your account against unauthorized use and potential financial fraud.
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High-Value Transactions: Customers who engage in high-value transactions or display unusual account activity may be asked to complete a SoW check to ensure the legitimacy of their funds.
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Promoting Responsible Gaming: These checks are part of our responsible gaming policies, ensuring that customers are playing within their financial means.
What Does the Process Involve?
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Notification: If you are required to complete a SoW check, we will notify you via email or SMS.
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Documentation: You may be asked to provide documents such as bank statements, payslips, or other relevant financial records that demonstrate the origin of your funds.
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Review: Our dedicated team will review the submitted documents to ensure they meet the necessary criteria and standards.
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Confidentiality: All information provided is treated with the utmost confidentiality and is only used for the purpose of the SoW check.