Anti-Money Laundering Policy
1. ASOL's proposed activity consists of the running of prize competitions, each of which will result in only a single winner from several thousand entrants, therefore payment for entry to ASOL's competitions is not seen as being a viable method of money laundering. In this regard ASOL's activity is different from that of an organisation selling goods on-line, where a would-be launderer of money would be entitled to receive goods having a saleable value in return for each payment made by it.
2. Nevertheless, ASOL remains vigilant to the risk of its operation being used as a vehicle for unlawful activity, and in an endeavour to prevent this will impose the following rules as standard in all its prize competitions:-
(a) Joint or syndicated entries are not permitted;
(b) Full name and address details must be provided by each participant before an entry to any competition can be made;
(c) The number of entries that can be made by an individual to any competition is limited, and the screening system for entries will automatically disallow any entries to a competition in excess of the stated limit.
(d) No prize will be awarded without full verification of the identity and personal details of the winner.
