CricIn – IPL 2024 Predict & Win

Anti-Money Laundering (AML) Policy

1. Introduction:

Mad Falcon Enterprises (“Mad Falcon”) is committed to preventing money laundering activities on its platform, Cricin, including our website ( and any related mobile applications or services. This Anti-Money Laundering (AML) Policy outlines our efforts to detect, prevent, and report suspicious transactions in compliance with applicable laws and regulations.

2. Legal Framework:

  • Mad Falcon operates in accordance with the laws and regulations governing anti-money laundering activities, including but not limited to the Prevention of Money Laundering Act, 2002 (PMLA) and associated regulations issued by regulatory authorities in India.

  • Mad Falcon is obligated to adhere to Know Your Customer (KYC) requirements and other AML measures prescribed by regulatory authorities.

3. KYC Verification:

  • Mad Falcon requires all users to undergo KYC verification before activating their wallets and enabling transactions on Cricin. KYC verification includes providing valid identification documents such as PAN card and Aadhaar card.

  • Mad Falcon utilizes third-party PAN and Aadhaar verification APIs to validate user information and ensure compliance with KYC requirements.

4. Transaction Monitoring:

  • Mad Falcon implements robust transaction monitoring systems to detect suspicious or unusual activity on Cricin. This includes monitoring for large or frequent transactions, unusual patterns, or transactions inconsistent with the user’s profile.

  • Any transactions flagged as suspicious during monitoring are subject to further investigation by Mad Falcon’s compliance team.

5. Reporting Obligations:

  • Mad Falcon is obligated to report any suspicious transactions or activities to the appropriate regulatory authorities in accordance with applicable laws and regulations.

  • Mad Falcon’s compliance team is trained to identify and report suspicious transactions promptly and accurately.

6. Customer Due Diligence (CDD):

  • Mad Falcon conducts ongoing customer due diligence to ensure that user information remains accurate and up-to-date. Users may be required to provide additional documentation or information as part of this process.

  • Users are encouraged to cooperate with Mad Falcon’s compliance team and promptly respond to requests for information or documentation.

7. Risk Assessment:

  • Mad Falcon conducts periodic risk assessments to evaluate the risk of money laundering activities associated with Cricin’s operations. This includes assessing the risk posed by different types of users, transactions, and geographical regions.

  • Based on the risk assessment, Mad Falcon may implement additional AML measures or adjust existing procedures to mitigate identified risks.

8. Training and Awareness:

  • Mad Falcon provides regular training and awareness programs for its employees to ensure a thorough understanding of AML regulations, procedures, and reporting obligations.

  • Employees are trained to recognize suspicious activities, adhere to compliance requirements, and report any concerns to the compliance team.

9. Compliance Oversight:

  • Mad Falcon’s compliance team is responsible for overseeing and implementing the AML policy, conducting investigations, and ensuring compliance with applicable laws and regulations.

  • The compliance team conducts periodic reviews and audits to assess the effectiveness of AML measures and identify areas for improvement.

10. Conclusion:

Mad Falcon is committed to maintaining the integrity of its platform and preventing money laundering activities on Cricin. By implementing robust AML measures, conducting thorough KYC verification, monitoring transactions, and reporting suspicious activities, Mad Falcon aims to uphold its legal and ethical obligations and contribute to the broader efforts to combat financial crime.