At CrownCoins, we are committed to maintaining a secure and legal gaming environment. A Source of Funds (SOF) check is a standard procedure used to confirm that the funds used on our platform come from legitimate and lawful sources.
Why is a Source of Funds check required?
We have a legal obligation to prevent financial offenses such as fraud or money laundering. These checks are mandated by law and are often conducted on customers who have not engaged in any illicit activity to ensure overall platform safety.
When and how often is a check required?
Timing: Our compliance team uses automated systems to evaluate when a check is needed. This varies from one customer to another based on multiple factors.
Notification: We will inform you directly if an SOF check is required. No action is needed until you receive a formal notification.
Frequency: The need for updated information depends on individual circumstances and legal obligations.
What documents are acceptable?
Acceptable evidence demonstrates a legitimate source of income (e.g., salary, business earnings, or bank loans). Please ensure your name and the document date are clearly visible.
Accepted: Official W-2 Wage and Tax Statements, IRS-filed tax return transcripts, or official acknowledgement records.
Not Accepted: Self-prepared documents (like a self-prepared 1040 form) or tax self-assessments without proof of official filing.
Can I redact sensitive information?
Yes. You may redact sensitive details not related to the request, such as Social Security Numbers or information about third parties. However, you must not redact:
Your Name and Address
Document Date
Pertinent deposit amounts and their origins
What happens if I decline the review?
Providing inaccurate information or refusing to provide the requested documentation is a breach of our Terms of Service. This may result in the suspension or termination of your account.
Data Protection
All documentation provided during this procedure is reviewed exclusively by our Compliance Team. Your information is gathered and utilized in strict adherence to our Privacy Policy.