Anti-Money Laundering Policy

Introduction

IYCBC.ca is committed to operating in compliance with all applicable anti-money laundering (AML) and counter-terrorist financing (CTF) laws and regulations in Canada. This Anti-Money Laundering Policy outlines our commitment to preventing money laundering and our approach to ensuring the casinos we recommend meet rigorous AML standards.

While IYCBC.ca is a casino review and information website — not a gambling operator — we take our role in promoting safe and legally compliant gambling seriously. We believe that responsible casino operators must have robust AML programs, and we factor AML compliance into our casino evaluation criteria.

What is Money Laundering?

Money laundering is the process of making illegally obtained money appear legitimate. In the context of online gambling, money laundering typically involves:

• Placement: Depositing illicit funds into an online casino account
• Layering: Converting funds through casino activity (deposits, wagers, withdrawals) to obscure the origin
• Integration: Withdrawing "clean" casino winnings into the regular financial system

Online casinos are considered designated reporting entities under Canada's Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and are required to implement AML programs.

FINTRAC and Canadian AML Regulations

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is Canada's financial intelligence unit responsible for the detection, prevention, and deterrence of money laundering and terrorist financing. Online casinos operating in Canada are legally required to:

• Register with FINTRAC as a money services business or gaming business
• Implement a written AML/CTF compliance program
• Appoint a compliance officer responsible for the AML program
• Conduct ongoing training for relevant employees
• Conduct risk assessments of their client base and transactions
• Report suspicious transactions and large cash transactions to FINTRAC
• Retain records for a minimum of five years

How We Evaluate Casino AML Compliance

When reviewing casinos for inclusion on IYCBC.ca, we assess their AML compliance practices as part of our overall evaluation. Our assessment criteria include:

Know Your Customer (KYC) Procedures

We verify that recommended casinos require players to verify their identity before withdrawing funds. This typically includes:

• Government-issued photo ID (passport, driver's licence)
• Proof of address (utility bill, bank statement, less than 3 months old)
• Payment method verification (copy of credit/debit card, e-wallet screenshot)
• Enhanced due diligence for high-value transactions or accounts

Transaction Monitoring

We expect casinos we recommend to monitor transactions for suspicious patterns, including unusual deposits, rapid fund movement, and structuring (making multiple smaller transactions to avoid reporting thresholds).

Licensing

We only recommend casinos licensed by reputable regulatory authorities that mandate AML compliance, including the Alcohol and Gaming Commission of Ontario (AGCO), Malta Gaming Authority (MGA), UK Gambling Commission (UKGC), and Isle of Man Gambling Supervision Commission (IOMGSC).

Our Own AML Commitment

As an affiliate website, IYCBC.ca does not process financial transactions. However, we recognize that affiliate marketing can inadvertently facilitate money laundering through referral activity. We are committed to:

• Only partnering with licensed, regulated casino operators with documented AML programs
• Not promoting casinos that lack basic KYC verification requirements
• Refusing to work with operators that we have reason to believe are non-compliant with AML regulations
• Cooperating with regulatory or law enforcement inquiries related to AML investigations

Reporting Suspicious Activity

If you become aware of any suspicious activity related to money laundering or terrorist financing in the context of online gambling, you can report it to:

• FINTRAC: fintrac-canafe.gc.ca
• Canadian Anti-Fraud Centre: 1-888-495-8501
• Your provincial regulatory authority

Updates to This Policy

We review and update this AML Policy annually or when significant regulatory changes occur. The most current version will always be posted on this page with the "Last Updated" date.

Contact

For questions about our AML Policy, contact us at [email protected].