KYC Policy of Allstars Fantasy Sports N.V.
Last updated: 10.05.2021
When a user makes an aggregate total of deposits exceeding USD/EUR 3000 or any withdrawals of any amount inside the Fanallstars.co and Allstarsbet101.com Platform, then it is compulsory for them to perform a full KYC process.
During this process, the user will have to input some basic details about themselves and then upload one of the following:
1.A proof of ID (in some cases front and back depending on the doc)
2.A selfie of themselves holding the ID doc
3.A bank statement/Utility Bill
Once uploaded, the user will get a “Temporarily Approved” Status and the documents will now be on our side, and the “KYC Team” will have 24hrs to go over them and email the user about the outcome:
More information needed – No change in Status When the user is on “Temporarily Approved” Status then
They can use the platform normally
They cannot deposit more than USD/EUR 3000 in aggregate total
They cannot complete any withdrawal.
Guideline for the “KYC Process”
1. Proof of ID
2. Proof of Residence
3. Selfie with ID
Notes on the “KYC Process”
1.When the KYC process is unsuccessful then the reason is documented and a support ticket is created in the system. The ticket number along with an explanation is communicated back to the user.
2.Once all proper documents are in our possession then the account gets approved.
Other AML measures
1.If a user has not passed full KYC then they cannot make additional deposits or withdrawals of any amount.
2.If a user has passed the KYC process successfully then
3.Under no circumstances may a user transfer funds directly to another user.