£ 1
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Money laundering is the process by which the proceeds of crime are converted into assets which appear to have a legitimate origin, so that they can be retained or used to fund further crime, including terrorism.

In the context of prize competitions, this means that people could, for example, be using stolen credit cards to enter competitions in the hope of winning prizes. Those prizes could then be sold and turned into cash. If proper checks were not in place, it would be exceedingly difficult to prove that the money from the sale was not legitimately obtained by the criminal.

Preventing money laundering is therefore something that we take very seriously.

We have put in place this policy to help guard against the risk of these prize competitions being used for money laundering. In doing so, we are also committed to the wider issue of preventing these competitions and our systems from being used to commit crimes generally.

As we are sure you will understand, this is a legal obligation which we must adhere to and therefore we require your assistance in achieving this. We also believe it is a socially responsible thing to do.

Therefore, compliance with this policy and cooperation with its enforcement is mandatory for anyone who wishes to enter our prize competitions.

Anyone who enters our competitions is known as an “Entrant.

To comply with this AML/KYC policy, all staff have undergone and will continue to undergo training to ensure that they are aware of their legal responsibilities and know what to look out for when guarding against money laundering.

This includes monitoring entries, monitoring the opening of new accounts, and looking for suspicious or unusual activities by Entrants.

We regularly conduct risk assessments and review this policy to ensure that it is up to date.

If, as a result of any risk assessment, we decide to update this policy, the new version will be posted here. We may also update this policy from time to time in response to any changes in the law.

Whilst all staff will be guarding against money laundering, we have appointed Roxana A to be our designated Money Laundering Reporting Officer (MLRO). It is the MLRO’s responsibility to report suspicious activities and possible acts of money laundering to the relevant authorities.

If you have any questions about this policy, you should send them to the MLRO via email to contact@goldenticket24.co.uk

WHAT WE REQUIRE FROM YOU AS AN ENTRANT

Before entering any of our competitions (whether by the paid or free entry route), all entrants must open an account on our website. The account must be opened in the Entrant’s real name. Made up names, nicknames or anonymous accounts will not be accepted.

From time to time, we may request that you provide further information to enable us to verify your identity or assist with our investigations. For example, we may ask for a copy of your passport, driving licence or other recognised forms of ID. You must provide this information within a reasonable time.

You must ensure that any information you provide when opening an account, or at any other time is accurate and up to date.

If any of your personal details change, you must inform us as soon as reasonably possible.

Entrants are only permitted to open one account.

Entrants must be 18 years of age or older and be resident in the United Kingdom.

Entry to competitions must be made via our website or the designated free entry route.

Payments must be made via authorised means only. Cash payments will not be accepted.

We happily accept free entries in accordance with our terms and conditions and legal obligations. However, we are aware that the free entry route can be abused by criminals using stolen, fake, or second-hand stamps. Therefore, any Entrant using the free entry route to make multiple free entries will come under close scrutiny.

If any Entrant does not comply with this policy when opening an account, entering a competition or does not provide additional information when requested, their account will be suspended pending further investigations or may be closed entirely at our discretion.

WINNERS OF COMPETITIONS

If you are a winner of any of our competitions we will request confirmation of your identity, eligibility to enter the competition and proof of address before awarding the prize.

If you are unable or unwilling to provide the information we request, you will forfeit the prize.

If you win a bank transfer prize or bank transfer alternative prize, it will be transferred directly to your nominated bank account. You must provide evidence that you are the sole or joint beneficiary of the bank account, and it must be a UK registered bank account.

 

RECORD KEEPING

To enable us to comply with this policy and assist with the investigation of any suspicious activities, we keep records of all registered Entrants and the transactions they make.

This includes keeping copies of any documents provided.

All personal data is processed in accordance with our Privacy Policy.

 

ACCEPTANCE OF THIS POLICY

Please ensure that you review this policy and accept its terms before entering any competition. By entering a competition, you are deemed to have read, understood, and agreed to this policy.