Kickr is committed to maintaining a safe and responsible gaming environment. Part of this commitment involves conducting Source of Funds (SoF) checks.
What is a Source of Funds Check?
A Source of Funds check is a verification process that determines the origin of the money used by customers on Kickr. This process involves providing evidence or documentation that clearly shows where your funds come from. We aim to ensure that all funds used on our platform are obtained legally and responsibly.
Why Might You Need to Complete a Source of Funds Check?
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Regulatory Requirements: As part of our compliance with financial regulations, Kickr is required to conduct due diligence on the funds used in our platform. This helps in preventing money laundering and other financial crimes.
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Account Security: SoF checks are also a measure to protect your account from unauthorized use and potential financial fraud.
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Unusual Activity: If your account shows unusual or suspicious financial activity, we may request an SoF check to verify the legitimacy of the funds.
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High-Value Transactions: Customers who engage in high-value transactions may be asked to complete an SoF check as part of our risk management procedures.
The Process of Source of Funds Check
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Notification: If you are required to undergo an SoF check, you will receive a notification from through email or SMS.
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Document Submission: You may need to submit documents such as bank statements, proof of earnings, inheritance, winnings, or any other relevant financial records.
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Evaluation: Our team will review the provided documents to ensure they meet our verification standards.
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Privacy Assurance: We handle all personal and financial information with strict confidentiality and use it solely for the purpose of the SoF check.