KYC and AML Policy at Olympia

Olympia applies identity check procedures, also known as ID verification, to confirm that every account holder is who they claim to be, to prevent fraud and to stop the platform from being used for financial crimes. These procedures form part of Olympia’s regulatory requirements and reporting obligations under Australian anti-money laundering legislation.

This policy guarantees:

• Fair play for all account holders, with equal verification standards applied across the platform;
• Prevention of criminal use of the platform, including money laundering and terrorism financing;
• Confirmation that deposited funds originate from legitimate sources;
• Protection of personal data collected during the identity check process;
• Consistent application of security measures across all payment methods.

New account holders at Olympia are required to complete an identity check, also referred to as ID verification, before withdrawals are processed. Document submission may be requested at registration or at any later stage, depending on account activity.

Documents that may be requested include:

• A valid photo identification document issued by the government, such as a passport or driver’s licence;
• Proof of address, such as a recent utility bill or bank statement;
• Confirmation of the payment method used for deposits, including card or electronic wallet ownership;
• A selfie or photograph for facial comparison against submitted identification;
• Additional documentation requested by the compliance team where account details require clarification.

Olympia may request additional verification beyond the standard identity check when certain account patterns raise concern. These triggers help identify suspicious activity before it affects the platform or other account holders.

Additional verification may be triggered by:

• Unusual account activity, such as rapid changes in betting or wagering patterns;
• Deposits or withdrawals exceeding set thresholds within a short period;
• Indicators of identity fraud, including mismatched personal data or duplicate documentation;
• Use of payment methods registered to a different name than the account holder;
• Multiple failed attempts to complete document submission.

Olympia maintains a set of AML measures designed to detect and prevent money laundering and other illegal financial activity across the platform. These measures apply to every account holder and every transaction processed through Olympia.

• Ongoing transaction monitoring to detect irregular deposit or withdrawal patterns;
• Automated systems for suspicious activity detection across betting and payment behaviour;
• Manual review of large transfers before funds are released;
• Verification of the source of funds for high value transactions;
• Account protection protocols applied to accounts flagged for irregular activity;
• Reporting obligations fulfilled through disclosures to AUSTRAC and relevant regulatory bodies;
• Retention of transaction records in line with statutory requirements.

Olympia restricts account holders from engaging in activity that undermines the integrity of the platform or breaches AML and KYC obligations. These restrictions apply to every account, regardless of location or wagering history. Violations are treated as serious breaches of the terms of service.

Prohibited activities include:

• Use of multiple accounts under one identity or household;
• Submission of fake or altered documents during the identity check process;
• Attempts to launder funds through deposits, wagers or withdrawals;
• Manipulation of betting or gaming systems through collusion or automated tools;
• Disclosure of account access or login credentials to another person;
• Use of payment methods that do not belong to the account holder;
• Provision of false personal data at registration or during document submission.

Breaches of Olympia’s AML and KYC policy carry serious consequences for the account holder involved. Olympia reserves the right to act on any violation identified through transaction monitoring, document review or reports from other account holders. Where required, cases are escalated to the relevant regulatory or law enforcement bodies.

Measures that may follow non-compliance:

• Temporary suspension of the account
• Withholding of withdrawals pending further checks
• Permanent closure of the account
• Forfeiture of funds linked to prohibited activity
• Reporting to AUSTRAC or other regulatory authorities
• Referral to law enforcement where criminal activity is suspected

Account holders at Olympia carry direct responsibility for the accuracy of the personal data submitted at registration and throughout the lifetime of the account. Any change in address, payment method or contact details should be updated promptly to keep records current. Verification requests should be completed within the timeframe specified by the compliance team, as delays may result in restricted access to withdrawals. Account holders are expected to cooperate with document submission requests and respond to any follow up queries raised during the identity check process. Suspicious activity noticed on an account, including unauthorised access or unfamiliar transactions, should be reported to Olympia support without delay.

Olympia applies KYC and AML procedures as part of a broader commitment to fair play and transparency across the platform. These measures protect account holders, support responsible gaming and maintain trust between Olympia and its user base. A transparent verification process contributes to a safe gaming environment for every participant.

Key principles include:

• Equal application of identity check standards to all account holders;
• Clear disclosure of document submission requirements before withdrawals are processed;
• Consistent enforcement of security measures across payment methods;
• Protection of personal data in accordance with Australian privacy legislation;
• Support for responsible gaming through account monitoring and self exclusion tools;
• Open communication with regulatory bodies regarding reporting obligations;
• Regular review of AML procedures to reflect updated regulatory requirements.