Sky247 KYC and AML Policy

Sky247 applies KYC and AML procedures to confirm the identity of each account holder, prevent fraudulent conduct, and safeguard the platform against financial crime. These measures exist to create a secure and trustworthy environment for all users across India.

The following guarantees underpin this commitment:

• Fair play: All users operate under equal conditions, with no scope for manipulation or dishonest conduct.
• User safety: Personal data and financial activity are protected through robust security measures.
• Transparency: All verification and monitoring procedures are clearly communicated and consistently applied.
• Regulatory compliance: The platform fulfils its reporting obligations and adheres to applicable legal standards at all times.

Every new user registered on Sky247 is required to complete a full ID verification process before accessing certain features or processing withdrawals. The document submission process may include one or more of the following categories, depending on the circumstances of the account review:

• Government-issued photo identification: A valid document issued by a recognised national or state authority that confirms the user’s full legal name, date of birth, and photograph.
• Proof of address: An official document confirming the user’s current residential address, such as a utility bill or bank statement issued within the preceding three months.
• Payment method ownership confirmation: Documentation that establishes a direct link between the account holder and the payment instruments used for deposits or withdrawals on the platform.

Sky247 maintains a comprehensive set of internal controls aimed at detecting and preventing money laundering, terrorism financing, and other forms of illicit financial activity on the platform. These controls are applied consistently and updated in line with evolving regulatory requirements.

The AML framework includes the following measures:

• Ongoing transaction monitoring: All deposits, withdrawals, and in-platform financial activity are subject to continuous review for irregular patterns.
• Automated detection rules: System-level triggers are in place to flag transactions or behaviours that deviate from expected norms.
• Enhanced due diligence: Additional verification steps are applied in high-risk situations, including large transactions or accounts exhibiting unusual activity.
• Review of large and atypical transfers: Transfers that exceed defined thresholds or appear inconsistent with a user’s standard activity profile are subject to manual review.
• Risk scoring: Each account is assessed against a set of risk indicators that inform the level of scrutiny applied to its activity.
• Sanctions and PEP screening: All users are screened against international sanctions lists and databases of politically exposed persons.
• Reporting obligations: Where suspicious activity is identified and meets the applicable legal threshold, Sky247 fulfils its obligation to report to the relevant competent authorities.

Sky247 enforces a range of platform restrictions that directly support the integrity of its KYC and AML obligations. Any conduct that undermines these controls is strictly prohibited and may result in immediate enforcement action.

The following activities are expressly forbidden:

• Operating multiple accounts: No user may register or maintain more than one account on the platform under any name or identity.
• Submitting forged or stolen documents: Providing falsified, manipulated, or unauthorised identification or address documentation during the verification process.
• Attempting to launder funds: Using the platform to process, transfer, or conceal funds of illegal origin in any manner.
• Manipulating platform systems: Any attempt to exploit technical or procedural vulnerabilities to circumvent security measures or account protection controls.
• Sharing or selling account access: Transferring control of a registered account to another individual, whether for compensation or otherwise.
• Using third-party payment instruments: Depositing or withdrawing funds through payment methods that are not registered in the account holder’s own name.
• Misrepresenting personal identity: Providing false or misleading personal data at any stage of registration, verification, or account operation.

Any breach of Sky247’s KYC or AML policy will be treated as a serious violation and will trigger proportionate enforcement action without prior notice. Depending on the nature and severity of the breach, consequences may include temporary or permanent account suspension, freezing or confiscation of funds linked to suspicious activity, cancellation of bets or winnings connected to non-compliant conduct, and reporting to the relevant competent authorities where applicable under Indian law.

Each account holder bears a direct responsibility for maintaining accurate and current personal information on their Sky247 account at all times. Users are required to complete the ID verification process within the timeframe specified by the platform, and failure to do so may result in restricted access to deposits, withdrawals, or other account features. If Sky247 requests additional documentation as part of a review or enhanced due diligence procedure, the account holder must respond promptly and provide the requested materials in full. All payment methods used on the platform must belong exclusively to the registered account holder, and the use of third-party financial instruments is not permitted under any circumstances. In the event that a user becomes aware of suspicious activity on their account or suspects unauthorised access, the matter must be reported to Sky247’s support team without delay.

Sky247 is committed to maintaining fair play and full transparency in all aspects of its operations, ensuring that every user benefits from a secure and compliant platform environment. These principles are embedded across all KYC and AML procedures and are applied uniformly to every registered account.

The following standards govern the platform’s approach to user safety and compliance:

• Adherence to KYC and AML standards: All verification and monitoring procedures are conducted in accordance with applicable regulatory requirements.
• Confidentiality and protection of personal data: User information collected during the ID verification process is handled with strict confidentiality and stored securely in line with data protection obligations.
• Continuous monitoring for suspicious activity: The platform maintains active surveillance of account behaviour and financial transactions to identify and address irregularities at the earliest opportunity.
• Prevention of manipulation and unfair conduct: Security measures are in place to detect and respond to any attempt to exploit the platform or gain an unfair advantage over other users.
• User support on safety matters: Account holders have access to dedicated support for any concerns related to account security, verification requirements, or the reporting of suspicious activity.
• Shared responsibility: Compliance with KYC and AML obligations is a joint commitment between the platform and its users, and both parties are expected to uphold these standards.
• Equal conditions for all users: Every registered account is subject to the same verification requirements and monitoring standards, without exception.