Olympia KYC & AML Policy

Olympia applies strict KYC and AML procedures to verify user identities, eliminate fraudulent activity, and prevent financial crimes across all platform transactions. These measures are foundational to maintaining a compliant and trustworthy betting environment.

This policy exists to guarantee the following:

• Maintenance of a fair play environment where all participants compete under equal and transparent conditions
• Protection of the platform’s financial ecosystem against misuse, fraud, and illicit fund flows
• Compliance with Australian anti-money laundering and counter-terrorism financing (CTF) legislation
• Safeguarding of personal data collected during the ID verification process
• Fulfilment of all reporting obligations to relevant regulatory and law enforcement authorities
• Prevention of underage access and enforcement of responsible gaming standards
• Ongoing account protection for all registered users

Every new player on the platform must complete a mandatory identity check before accessing full account functionality. The document submission process is straightforward and must be completed promptly upon registration or upon request by the compliance team.

The following documents are required for ID verification:

• Government-issued photo identification: A valid passport, Australian driver’s licence, or national identity card
• Proof of residency: A recent utility bill, bank statement, or official correspondence dated within the last three months, clearly displaying the account holder’s name and residential address
• Payment method verification: Documentation confirming ownership of the deposit and withdrawal methods linked to the account, such as a bank statement or screenshot of an e-wallet profile
• Additional documentation: In certain circumstances, the platform’s compliance team may request supplementary materials to satisfy regulatory requirements or resolve identity discrepancies

All submitted documents are processed in accordance with Australian privacy legislation and stored securely to protect personal data.

Olympia employs a comprehensive suite of security measures to detect, prevent, and report money laundering and other financial crimes. These procedures are applied consistently across all accounts and transaction types.

Specific actions undertaken by the platform include:

• Continuous transaction monitoring: All deposits, withdrawals, and betting activity are subject to ongoing review to identify irregular patterns
• Automated flagging systems: Advanced tools are used to detect and escalate suspicious activity for further investigation
• Auditing of high-value transfers: Transactions that exceed defined thresholds or display unusual characteristics are subject to manual audit by the compliance team
• Source of funds verification: Users may be required to demonstrate the legitimate origin of funds deposited into their accounts
• Reporting to regulatory authorities: Any confirmed or reasonably suspected instances of money laundering or CTF-related activity are reported to AUSTRAC and other relevant bodies in line with Australian reporting obligations
• Regular internal compliance reviews: Policies and procedures are periodically assessed to remain current with evolving legislative standards
• Staff training and awareness: Personnel responsible for compliance functions are trained to identify and respond to financial crime indicators

All users of the Olympia platform are required to observe strict conduct standards in order to remain compliant with KYC and AML obligations. Any activity that undermines the integrity of the verification process or the platform’s financial controls is strictly prohibited.

The following actions are not permitted under any circumstances:

• Registering or maintaining multiple accounts under the same or different identities
• Submitting forged, altered, or stolen documents during the identity check or document submission process
• Attempting to launder funds or structure transactions in a manner designed to conceal the true source of money
• Exploiting technical vulnerabilities or system errors to bypass security measures or gain unauthorised account access
• Granting third parties access to a registered account or facilitating account use on behalf of another individual
• Providing false, incomplete, or misleading personal data at any stage of the verification or ongoing compliance process
• Conducting transactions on behalf of undisclosed third parties or using an account to process funds for others

Any breach of Olympia’s KYC and AML policies results in immediate disciplinary action, which may be taken without prior notice to the account holder. The nature and severity of the response will reflect the seriousness of the violation and the applicable regulatory requirements.

Penalties for policy violations may include temporary account suspension, permanent account deactivation, freezing of funds pending investigation, forfeiture of balances linked to suspicious activity, voiding of active bets or accumulated winnings associated with non-compliant conduct, referral of account details to AUSTRAC or other Australian regulatory and law enforcement agencies, and civil or criminal liability where activity constitutes a breach of Australian law.

All registered players are required to provide truthful, accurate, and current information at the time of registration and throughout their use of the platform. Each account holder is responsible for completing the ID verification process in a timely manner and for responding promptly to any requests for additional documentation from the compliance team. Failure to cooperate with verification procedures may result in restrictions being placed on account functionality until the matter is resolved. Users must also ensure that their account details remain current and notify the platform of any changes to personal data. Any suspicious activity observed in relation to an account, including unauthorised access attempts or unusual transaction patterns, must be reported to the Olympia support team without delay.

Olympia is committed to transparency in all compliance-related practices and to upholding the principles of fair play across every aspect of the platform. The security measures outlined in this policy exist to protect the community, foster trust among participants, and maintain a safe and regulated betting environment for all users.

Core principles guiding these commitments include:

• Adherence to international and Australian KYC and AML standards: All procedures align with the requirements set by AUSTRAC and applicable global frameworks
• Personal data protection: Information collected during the document submission and ID verification process is handled in accordance with the Australian Privacy Act 1988
• Proactive transaction monitoring: Ongoing review of account activity supports early detection of suspicious activity and minimises risk to all users
• Equal conditions for all participants: Every account holder is subject to the same verification standards, ensuring fair play is maintained without exception
• Regular policy reviews: Compliance procedures are updated in response to legislative changes and emerging risk indicators
• Cooperation with regulatory authorities: The platform maintains open channels with AUSTRAC and other bodies to fulfil all reporting obligations
• Responsible gaming integration: AML and KYC controls are applied in conjunction with responsible gaming policies to support the overall safety and wellbeing of all users