Know Your Customer (KYC) Policy

Identity Verification & Participant Protection

Our procedures for verifying participant identity and ensuring a safe, compliant, and transparent prize competition platform.

Last updated: July 2025
Company: Golden Prize Digital LTD
Effective date: 05 February 2026

1. Introduction

Golden Prize Digital LTD (“we”, “our”, “us”) operates Golden Prize Club as a skill-based prize competition platform built on transparency, fairness, and trust.

This Know Your Customer (KYC) Policy explains how and when we verify the identity of participants to:

  • Prevent fraud and misuse of the platform
  • Comply with applicable legal and regulatory requirements
  • Protect legitimate participants and prize winners

2. Purpose of the Policy

The purpose of this KYC Policy is to:

  • Verify the identity of users when required
  • Reduce the risk of fraud, identity misuse, and financial crime
  • Ensure prizes are awarded to the rightful participants
  • Support our Anti-Money Laundering (AML) obligations

3. Scope

This policy applies to:

  • All users participating in competitions on Golden Prize Club
  • Any participant claiming a prize
  • Any user whose activity appears suspicious or inconsistent
  • All staff, contractors, or partners involved in verification or compliance processes

4. When KYC Verification Is Required

We may request identity verification in the following situations:

  • When a participant wins a prize
  • When cumulative ticket purchases exceed internal risk thresholds
  • When unusual or suspicious activity is detected
  • When required by payment providers, banks, or regulators

Golden Prize Digital LTD reserves the right to request verification at any time to protect the integrity of the platform.

5. Information We May Collect

As part of the KYC process, we may request one or more of the following:

Identity Verification

  • Government-issued photo ID (passport or driving licence)

Address Verification

  • Utility bill or bank statement (issued within the last 3 months)

Additional Information (if required)

  • Proof of payment method ownership

  • Confirmation of eligibility (age, residency)

All documents must be valid, clear, and match the account holder’s details.

6. Verification Process

  • Documents are reviewed manually or via secure verification tools

  • Verification is performed only for compliance and security purposes

  • Users will be notified if additional information is required

Failure to complete verification may result in prize payment delays, account suspension, or cancellation of winnings in accordance with our Terms & Conditions.

7. Data Protection & Privacy

All personal data collected as part of the KYC process is:

  • Stored securely and encrypted where appropriate

  • Used solely for identity verification and compliance

  • Processed in accordance with applicable data protection laws, including UK GDPR

For more information, please refer to our Privacy Policy.

8. Record Keeping

KYC records are retained only for as long as required by law or regulatory obligations and are securely deleted once no longer needed.

9. Third-Party Services

In certain cases, identity verification may involve trusted third-party service providers.
These providers are required to comply with strict confidentiality and data protection standards.

10. Policy Review

This KYC Policy is reviewed:

  • Annually, or

  • Whenever there are significant legal, regulatory, or operational changes

11. Contact Information

For questions regarding this KYC Policy or identity verification, please contact:

Email: contact@goldenprizeclub.co.uk
Website: https://goldenprizeclub.co.uk

Approved by:
Golden Prize Digital LTD
Date: 05/02/2026