Quote from: ipanks on Today at 04:06:03 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?

If you deposit a large amount of money (we assume that $2000 is a very large amount of money to gamble on), it will make gambling sites suspicious. Besides that, your account is only a few days old but you have already deposited a large amount of money. It is normal for the gambling site to suddenly ask and ask you to complete KYC to find out where your funds are coming from.

If the deposit is a small amount, even if it comes from money laundering, I don't think it will be okay and probably won't be a concern for gambling sites because they want to know who the players are using big money in gambling.

That's not how it works and you definitely didn't know what’s the casino protocol for checking money laundering activity, First of all 2000$ is not a very huge amoun to be suspected that you are laundering even if your account is new. Money laundering is a repetitive process of depositing and withdrawing fixed amount of money without commiting any bets or just few bets or deposit huge amount and withdraw it quickly at one go that’s why some casino requires wagering requirements for all the deposit money before they can withdraw.

Typically money launderer do this same pattern multiple times using different account which the casino can track by tracking there IP or by viewing there account activity.