WPT Global Anti-Money Laundering Policy in the Philippines

Key Takeaways

• AML monitors deposits, withdrawals and potentially suspicious transactions.
• Player accounts must use accurate identity and payment information.
• KYC checks can require identification, address, payment ownership or source-of-funds documents.
• Large or unusual transactions may trigger enhanced due diligence.
• Irregular activity can lead to account restrictions, suspension or closure.
• Suspected unlawful activity may be reported to competent authorities.

Why AML Measures Matter for WPT Global Player Safety in the Philippines

AML controls help establish that an account is being used by the person who registered it and that its financial activity can be properly reviewed. The platform does not allow player-to-player balance transfers and requires payment methods to be connected to the account holder, so deposits and withdrawals at WPTGlobal have to run through cards or wallets registered in the same name.

The policy also establishes several account-level controls:

• One account is permitted per customer.
• Registration information must be accurate and complete.
• Anonymous or fictitious accounts are not permitted.
• PEP and sanctions screening may be conducted.
• Additional documentation can be requested during a compliance review.

These requirements give the operator a consistent basis for identifying customers and assessing financial activity without treating a player account as a general-purpose money transfer service.

How WPT Global Monitors Transactions

All transactions may be monitored or reviewed as part of the operator’s AML procedures. Particular attention can be given to complex, unusually large or potentially suspicious transactions, especially where the activity requires additional clarification.

Deposits and withdrawals are processed through available payment providers and financial institutions. Funding must originate from a payment method belonging to the registered player, while withdrawal destinations must also satisfy the applicable ownership and verification requirements.

The operator can also request information about the purpose or source of funds when the circumstances require additional due diligence. These checks are intended to establish a clear connection between the account, its payment activity and the person controlling the funds.

Identity Verification as Part of WPT Global AML Compliance

Identity verification forms a central part of the AML process because the operator must establish who owns and controls an account. Registration requires personal information, while additional checks may be introduced during account reviews, deposits or withdrawals.

The KYC policy states that full customer due diligence will almost always be required for withdrawals. Deposit-related checks can also be requested under a risk-based approach. Depending on the review, documents may include:

1. Government-issued identification, such as a passport, identity card or driving licence.
2. Proof of residential address, such as a recent utility bill or bank statement.
3. Evidence confirming ownership of the payment method used for deposits.
4. Information supporting the source of funds where additional clarification is required.

PEP and sanctions screening may also form part of the assessment. Relevant information can be reviewed by fraud, risk and poker security departments using applicable databases and reports.

Steps Taken When Irregular Activity Is Found

An unusual transaction does not automatically establish a violation. However, activity that creates reasonable grounds for concern can lead to additional checks while the circumstances are reviewed.

If the review identifies a serious concern, the operator may:

• Request additional identity or financial documents.
• Apply enhanced due diligence.
• Restrict deposits or withdrawals during the review.
• Suspend or block the account.
• Close the account where serious violations are established.
• Withhold funds where permitted by applicable rules.
• Report suspected unlawful activity to competent authorities.

The Terms and Conditions allow restrictions when requested documents are not supplied within the required period. Stronger measures can also apply where there are indications of forged documents, false information, attempts to evade security controls or criminal activity.

Large withdrawals may require additional verification before approval. Depending on the circumstances, this can include proof of identity, address, payment ownership and source of funds.