AML Policy

Last updated: April 10, 2025.

For Deposits and Withdrawals.

Introduction: porsche88.live is operated by MARGININFINITY LLC having its office at Costa Rica, San Jose Province, Montes de Oca Canton, San Pedro, Barrio Dent, Alvmar, Office 101, 37th Street, Third Avenue. Company Registration number 3-102-927659.

The objective of the AML Policy: We seek to offer the highest security to all of our users and users on porsche88.live for that a three-step account verification is done in order to ensure the identity of our users. The reason behind this is to prove that the details of the person registered are correct and the deposit methods used are not stolen or being used by someone else, which is to create the general framework for the fight against money laundering. We also take into account that depending on the nationality and origin, the way of payment and withdrawal different safety measurements must be taken.

porsche88.live also puts reasonable measures in place to control and limit ML risk, including dedicating the appropriate means.

porsche88.live is committed to high standards of anti-money laundering (AML) according to the regulatory guidelines, and compliance and requires management & employees to enforce these standards in preventing the use of its services for money laundering purposes.

Definition of money laundering:

Money Laundering is understood as:

The conversion or transfer of property, especially money, knowing that such property is derived from criminal activity or from taking part in such activity, for the purpose of concealing or disguising the illegal origin of the property or of helping any person who is involved in the commission of such an activity to evade the legal consequences of that person’s or companies action;
The concealment or disguise of the true nature, source, location, disposition, movement, rights with respect to, or ownership of, property, knowing that such property is derived from criminal activity or from an act of participation in such an activity;
The acquisition, possession or use of property, knowing, at the time of receipt, that such property was derived from criminal activity or from assisting in such an activity;
Participation in, association to commit, attempts to commit and aiding, abetting, facilitating and counselling the commission of any of the actions referred to in points before.

Money laundering shall be regarded as such even when the activities which generated the property to be laundered were carried out in the territory of another Member State or in that of a third country.

Organization of the AML for porsche88.net:

In accordance with the AML legislation, porsche88.live has appointed the highest level for the prevention of ML: The full management of MARGININFINITY LLC is in charge.

Furthermore, an AMLCO (Anti Money Laundering Compliance Officer) is in charge of the enforcement of the AML policy and procedures within the System.

The AMLCO is placed under the direct responsibility of the General Management.

AML policy changes and implementation requirements:

Each major change of porsche88.live AML policy is subject to approval by the General Management of MARGININFINITY LLC and the Anti-money laundering compliance officer.

Three-step Verification:

Step one verification:

Step one verification must be done by every user and user to withdraw. Regarding the choice of payment, the amount of payment, the amount of withdrawal, and the choice of withdrawal, and nationality of the user/user step one verification must be done first. Step one verification is a document that must be filled out by the user/user himself. The following information must be filled in: full name, date of birth, country of residence, and full address.

Step two verification:

Step two verification must be done by every user who deposits over 2000 EUR (two thousand Euro) or withdraws any amount. Until step two verification is done the withdrawal or deposit will be held. Step two verification will lead the user to a subpage where the user must send in the ID. The user must take a picture of the ID. Only an official ID may be used for ID verification, depending on the country the variety of accepted IDs may be different. There will be an electronic check if the filled-in Data is correct.

Step three verification:

Step three verification must be done by every user who deposits over 5000 EUR (five thousand Euro) or withdraws over 5000 EUR (five thousand Euro). Until step three verification is done the withdrawal or deposit will be held. For step 3 a user will be asked for a source of wealth/funds.

User identification and verification (KYC)

The formal identification of users on entry into commercial relations is a vital element, both for the regulations relating to money laundering and for the KYC policy.

This identification relies on the following fundamental principles:

A copy of your passport, ID card, or driving license. Also, a second picture with the face of the user is required.

Please note that all four corners of the ID have to be visible in the same image and all details have to be clearly readable besides the ones named above. We might ask for the additional details if necessary.

porsche88.live employees may do additional checks if necessary, based on the situation.

Proof of Address:

Proof of address will be done by electronic checks. If an electronic test fails, the user has the option to make a manual proof.

A recent utility bill sent to your registered address, issued within the last 3 months, or an official document made by the government that proves your state of residence.

To make the approval process as speedy as possible, please make sure the document is sent with a clear resolution where all four corners of the document is visible, and all text is readable.

For example an electricity bill, water bill, bank statement, or any governmental post addressed to you.

porsche88.live employees may do additional checks if necessary, based on the situation.

Source of funds

If a user deposits over five thousand Euros there is a process of understanding the source of wealth (SOW).

Examples of SOW are:

Ownership of business
Employment
Inheritance
Investment
Family

It is critical that the origin and legitimacy of that wealth are clearly understood. If this is not possible porsche88.live employees may ask for an additional document or proof.

The account will be frozen if the same user deposits either this amount in one go or multiple transactions which amount to this.

The basic document for step one:

The basic document will be accessible via the settings page on porsche88.live . Every user has to fill out the following information:

Full Name
Date of Birth
Country of Residence
Full Address

Risk Management:

Region one: Low risk:

For every country not from the region two or three the three-step verification is done as described earlier.

Region two: Medium risk:

For every user from the following jurisdictions, EDD (Enhanced Due Diligence) will be concluded: Albania, Barbados, Bulgaria, Burkina Faso, Burundi, Chad, Comoros, Cameroon, Cayman Islands, Croatia, Equatorial Guinea, Gibraltar, Jamaica, Jordan, Lebanon, Mali, Mozambique, Nicaragua, Nigeria, Pakistan, Palestinian Territory, Panama, Philippines, Senegal, South Africa, Tanzania, Tajikistan, Turkey, Turkmenistan, Uganda, United Arab Emirates, Ukraine, Vietnam, Zimbabwe.

Region three: High risk:

Every user from the following jurisdictions is prohibited from registering on porsche88.live and using any of our services: Afghanistan, Canadian Province of New Brunswick, China, Cuba, Central African Republic, Democratic Republic of Congo, Haiti, Iran, Iraq, Israel, Libya, Myanmar, N. Korea, Russia, Somalia, South Sudan, Syria, UK, USA, Yemen, Venezuela.

Ongoing transaction monitoring

AML-Compliance ensures that ongoing transaction monitoring is conducted to detect transactions that are unusual or suspicious compared to the user profile.
This transaction monitoring is conducted on two levels:

1) The first Line of Control:

porsche88.live works solely with trusted Payment Service Providers whom all have effective AML policies in place to prevent the large majority of suspicious deposits onto porsche88.live from taking place without proper execution of KYC procedures onto the potential user.

2) The second Line of Control:

porsche88.live makes its network aware so that any contact with the user must give rise to the exercise of due diligence on transactions on the account concerned.

Also, the three-step verification with risk management should provide all necessary information about all users of porsche88.live.

These checks will be done by an automated System, while a porsche88.live employee crosschecks them for additional security.

The transactions observed on user accounts for which it is difficult to gain a proper understanding of the lawful activities and origin of funds must therefore rapidly be considered atypical (as they are not directly justifiable).

Any porsche88.live staff member must inform the AML division of any atypical transactions that they observe and cannot attribute to a lawful activity or source of income known to the user.

3) The third Line of Control:

As a last line of defense against AML porsche88.live will do manual checks on all suspicious and higher-risk users in order to fully prevent money laundering.

If fraud or Money Laundering is found the relevant authorities will be informed.

Record keeping

Records of data obtained for the purpose of identification will be kept for at least five years.

Records of all transaction data will be kept for at least five years following the carrying-out of the transaction.

These data will be safely, encrypted and stored.

Data Security:

All data given by any user will be kept secure, and will not be sold or given to anyone else. Only if forced by law, or to prevent money laundering data may be shared with the AML-authority of the affected state.

Contact us:

If you have any questions about our AML and KYC Policy, please contact us:

By email: [email protected]

If you have any complaints about our AML and KYC Policy or about the checks done on your Account and your Person, please contact us:

By email: [email protected]