What Is a Source of Wealth (SOW) Form and Why Is It Required?
As part of our commitment to responsible gaming and compliance with Latvian and European Union (EU) regulations— particularly Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) laws—we may request that you complete a Source of Wealth (SOW) form.
This form helps us:
- Understand how you fund your gaming activity.
- Ensure that your funds originate from legitimate and legal sources.
- Fulfill our legal obligations to prevent financial crime.
We are required by law to collect this information and verify its authenticity.
When Might I Be Asked to Submit a SOW Form?
SOW checks are not routine and are only requested under specific compliance conditions. You may be asked to provide an SOW form in the following situations:
- As part of routine regulatory compliance checks.
- If your deposit or withdrawal activity exceeds predefined thresholds.
- Whenever the Compliance team deems additional verification necessary.
Please note: We reserve the right to request SOW documentation at any time to maintain full regulatory compliance.
How Will I Be Notified to Submit the SOW Form?
When a SOW form is required:
- A pop-up window will appear on your screen prompting you to complete the form.
- You will not be able to continue gameplay until the form is completed and submitted.
What Information Does the SOW Form Require?
You will be asked to provide the following:
- Your occupation and business activity
- Your primary source(s) of income, such as:
- Salary
- Business profits
- Savings
- Inheritance
- Your average monthly income
- A copy of a valid identification document, such as:
- Passport
- National ID card
- Residence permit
Once submitted, gameplay will be restored. However, some account features may remain restricted until the form is reviewed and approved by our Compliance team.
How Is My Information Processed and Stored?
Your personal data is:
- Processed securely by authorized compliance personnel only.
- Encrypted and stored using secure systems.
- Never shared with third parties, except when required by law or government authorities.
We fully comply with GDPR and all relevant data protection laws.
For more details, please visit our Privacy Policy.
How Long Does the Review Take?
- Reviews are typically completed within 1–2 business days after you submit the necessary documents.
- If any additional details are needed, you will receive a notification via your OlyBet account messages.
Where Can I Find More Information?
To learn more about AML/CFT laws and regulations in Latvia:
To read more about our platform’s policies:
Need Help?
If you have questions or need assistance:
- Visit our Contact Us page to choose your preferred method of support.
- Our customer support team is ready to help.