KYC Policy of Echo Labs Ltd

Last updated: 30/Apr/2026

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Echo Labs Ltd adheres to and complies with “Know your customer” principles, which aim to prevent financial crime and money laundering through client identification and due diligence.

Echo Labs Ltd reserves the right, at any time, to ask for any KYC documentation it deems necessary to determine the identity and location of a Customer in bilionario.bet. We reserve the right to restrict the service, payment, or withdrawal until identity is sufficiently determined, or for any other reason in our sole discretion based on the legal framework.

We take a risk-based approach and perform strict due diligence checks and ongoing monitoring of all clients, customers, and transactions. As per the money laundering regulations, we utilize three stages of due diligence checks, depending on the risk, transaction, and customer type.

SDD — simplified due diligence is used in instances of extremely low-risk transactions that do not meet the required thresholds.

CDD — customer due diligence is the standard for due diligence checks, used in most cases for verification and identification.

EDD — Enhanced Due Diligence is used for high-risk customers, large transactions or special cases.

Separately and in addition to the above, when a Customer makes an aggregate lifetime total of deposits exceeding EUR 5,000 or requests a withdrawal of any amount inside the bilionario.bet, or attempts to or completes a transaction that is deemed suspicious, then it is compulsory for them to complete the full KYC process.

During this process, the Customer will have to input some basic details about themselves and then upload:

1. A copy of Government Issued Photo ID
2. A selfie holding the ID document
3. A bank statement or Utility Bill

Guideline for the “KYC Process”

1. Proof of ID
   1. Signature is present
   2. Country is not restricted
   3. Full Name matches Customer’s name
   4. Document valid for at least 3 months
   5. Customer is over 18 years old
2. Proof of Residence
   1. Bank Statement or Utility Bill
   2. Country is not restricted
   3. Name matches ID
   4. Issued within last 3 months
3. Selfie with ID
   1. Matches ID holder
   2. ID matches submitted document

Notes on the “KYC Process”

1. Failed KYC attempts generate a support ticket and explanation
2. Account is approved once all documents are verified