AML Updated on: 02/27/2023
Company Business Model
TANASUB.LIVE is operated by BlockDance B.V. (Commercial register of Curaçao no.158182,
Emancipatie Boulevard Dominico F. "Don" Martina 31, Curaçao) under a sublicense CIL
pursuant to Master gaming License #5536/JAZ Company Policy Statement. BlockDance
B.V. is subject to Anti-Money Laundering (AML) regulations as mandated by Curaçao
laws. The top management has implemented systems and procedures to comply with
AML standards established by the relevant laws in Curaçao.
Money Laundering (ML) Definition:
The act of disguising illegally obtained funds as legitimate earnings through a series of
transactions. This typically involves three steps: placement, layering, and integration. 1.
Placement involves putting the illegal funds into traditional financial institutions through
various methods such as deposits. 2. Layering involves obscuring the illegal source of
the funds through complex financial transactions such as exchanging cash for traveler's
checks, money orders, wire transfers, letters of credit, stocks, bonds, or purchasing
assets. 3. Integration involves using legitimate transactions to give the appearance of
clean money, allowing the laundered funds to be reintegrated into normal use and
returned to the criminal.
AML (Anti-Money Laundering) policy
BlockDance B.V. recognizes the potential risks associated with offering online gaming
services for money laundering and terrorist financing. To mitigate these risks,
BlockDance B.V. has implemented measures, procedures, and internal controls into its
daily operations, taking into consideration the nature of its clients and services. By doing
so, BlockDance B.V. complies with all legal requirements related to anti-money
laundering and terrorist financing regulations as mandated by Curacao laws. The
company has established a comprehensive AML Policy to demonstrate its commitment
to detecting, preventing, and reporting any attempts to use its services for illegal
financial transactions, including money laundering and terrorist financing. The AML
Policy is reviewed and updated regularly to reflect changes in legislation and industry
best practices. The AML Policy covers the following areas:
● Internal organization of processes for preventing money laundering
● Due diligence process (also known as "Know your customer" or KYC)
● Money laundering risk assessment
● Categories of eligible and non-eligible clients● Enhanced due diligence measures
● Reporting obligations to competent authorities. The policy is reviewed and
updated regularly to reflect changes in legislation and industry best practices.
