Quote from: game-protect on August 23, 2017, 09:47:17 AM

Quote from: OshiNick on August 21, 2017, 12:16:24 PM

Anyhow to answer his questions:
"You follow the AML laws of which country? Can you please quote those laws?" AML= anti-money laundering laws

legals and white label
it's important you (the reader) understands a few things before I answer this question. I am on a white label network that is run by SoftSwiss. If you don't know about white label networks, essentially there is a corporate entity that takes care of game integration, licensing, transactions and to some degree customer services. I have a casino brand that sits on top of the SoftSwiss platform.

Because the licence and transactions are managed by SoftSwiss, it means legally they are ultimately liable for prosecution in the event of a particular government invoking anti-money laundering laws against Oshi, or any other SoftSwiss casino.

SoftSwiss is a trade name and as trade names can not sign contracts, you must have signed a contract with a legal entity = company that usually ends with N.V. or B.V. in Curacao.
What is the name of the company you signed a contract with or do they really state SoftSwiss as contract partner?

Have you seen the license of this corporate entity?

How much do they charge per month to let you operate under their license?

Please quote the Curacao anti money laundering laws? I have $10,000 in mind that requires you to check the identity.

But you are also liable for what you do, right? Hence, this white label construction creates a lot of people who are liable for what you do.

Unfortunately I'm spending a little too much time going over the same stuff...

Reiterating my main points:
- Anti-money laundering legislation varies from country to country, so because of the pseudo-anonymity of Bitcoin, we can't say which country a customer comes from until they have been verified. Therefore we set a limit of around $2000 or equivalent before we verify people.
- If we have suspicions about a customer, we can verify them
- We are on the SoftSwiss network and these verification limits are pretty typical for most casinos on the network (I'm going to go into the legal structure for SoftSwiss later in this post)

Answering these questions:

Question: Because the licence and transactions are managed by SoftSwiss, it means legally they are ultimately liable for prosecution in the event of a particular government invoking anti-money laundering laws against Oshi, or any other SoftSwiss casino. SoftSwiss is a trade name and as trade names can not sign contracts, you must have signed a contract with a legal entity = company that usually ends with N.V. or B.V. in Curacao. What is the name of the company you signed a contract with or do they really state SoftSwiss as contract partner?
Answer you are mixing up to very different areas: gambling legislation and anti-money laundering legislation.
AML legislation is criminal legislation and any country territory that wishes to issue a prosecution against a defendant and their cohort could do so. In other words if a casino such as ours was actively involved in money laundering, any individual associated with the crime could be prosecuted.

In the context of gambling legislation Direx N.V. is the licence holder and therefore the legal entity responsible for maintaining the licence conditions set by Curaçao. The main licence holder will then issue sub-licences to white label partners. The issue of primary licence and sub- licences happens with many licensing jurisdictions such as UKGC (UK gambling council ).

Question: Have you seen the license of this corporate entity?
Answer here's a link to the licence showing Direx.NV as a licence holder http://www.gaminglicences.com/pages/validate.php?lid=8048-S1908799

Question: How much do they charge per month to let you operate under their license?
Answer in return for being able to use the licence, the game integration, transactional management, backend software (we use our own software for the front-end and we do most of the customer services ourselves) , we pay a percentage of our gross revenue. It's exactly the same for every white label casino.

Question: Please quote the Curacao anti money laundering laws? I have $10,000 in mind that requires you to check the identity.
Answer I don't know what the Curaçao anti money laundering laws are, because it's not relevant to me/Oshi. As I've mentioned before on a few occasions in posts here, we don't reference any specific country , because were dealing with Bitcoin and we don't know the country origins of users, therefore how can we apply anti-money laundering legislation from any given country territory to our customers? That's why we work to a general figure of $2000.

Question: So the corporate entity you work under is liable for eveything you do?
Answer no. Reiterating:

- gambling legislation: this is exactly the case , however there is an onus on operators to work with the licence holder to make sure all legal obligations are met. If they aren't, for example knowingly accepting customers from banned jurisdictions , the primary licence holder will end up in trouble with either regulatory bodies or game providers, or both So there is a constant pressure from the licence holder to make sure we work with in our licence obligations.

- Anti-money laundering legislation: anyone involved anywhere is liable for prosecution if a country territory prosecutor believes there is a case against somebody.

Question: But you are also liable for what you do, right? Hence, this white label construction creates a lot of people who are liable for what you do.
Answer firstly, I don't really understand this question but I'll have a go at answering it. I think the question is something to do with me i.e. founder and CEO of Oshi being liable for infractions on anti-money legislation. Bear in mind this is different from licensing legislation. I am not legally liable for licensing legislation infractions. However anti-money laundering legislation is tied in with criminal legislation and therefore if a country prosecutor thought we were actively participating in money laundering, they could go after me personally.

Summing up
It's good to get all of this stuff out in the open, but bear in mind this is all public information and had 'game protect' done any research, he would have found this information within a few minutes.
Unfortunately 'game protect ' has muddled up two areas: gambling licensing versus criminal legislation: anti-money laundering law.

About Curaçao licences

Curaçao is known for a lack of player protection. However, it is one of the few country jurisdictions that is okay with operators transacting in Bitcoin. By implication this means less stringent criteria for doing ID checks. For example any customer who deposits Fiat money in Oshi will automatically have a 'know your customer' check. This isn't the case with Bitcoin customers. (Good summary of cursor licensing here: https://calvinayre.com/regulators/curacao/ )

Ultimately as a reader, you make your choice about which Bitcoin casino to use based on their reputation and trustworthiness. In other words, if they check out well and it's clear they pay out promptly, and aren't too argumentative with customers, then you can trust them.