Quote from: Jawhead999 on Today at 01:26:48 AM

Quote from: pfhismgrpg on February 27, 2022, 10:39:22 PM

do you think the KYC checks are mainly due to money laundering checks. I assume depositing/withdrawaing/betting smaller amounts wouldn't alert these money laundering checks?

What do you think?

Not only for money laundering, but other such breaking rules (e.g. using VPN, multi accounts etc).
It's really depends on their internal team, how they can suspect the funds is belong to money laundering or high illicit sources. But most of the case, small amount wouldn't get alert since casino only focus on the big amount only.

Betfury representative could address and explain this issue to make him know why he got asked to submit KYC.

In some cases KYC is applied in relation to each country's regulations or licenses to avoid some crimes. In crypto casino money laundering is not only focused on the amount but also on the behavior of the transaction for example deposit $100 then bet $10 and then request a withdrawal, it will be suspected of money laundering. this case often happens on some sites even with a balance under $100