Quote from: khaled0111 on August 06, 2022, 08:57:57 PM

Quote from: FanEagle on August 06, 2022, 06:56:25 PM

I have met with someone who won 6 million dollars from another place, which I will not name, and didn't do a bit of KYC at all, from 300k to 6 million so he wasn't poor to begin with, all the points for a money laundering but it wasn't asked. So, do not defend it with just money, this place asks it even before you start.

Sorry to ask, but is this other place (I assume it's a casino) licensed!? Because as far as I know any regulated and licensed business has to declare and report transactions above a certain threshold (depending on the license provider and the county where the casino operates).
The good thing about Roobet, though, is that they ask for kyc (level-1) from the moment you create an account and don't wait till you make a withdrawal request as many other casinos do.

I believe all this discussion about kyc is futile and won't change anything. So if someone isn't OK with verifying his identity then simply play on casinos which do not ask for it.

I'm sorry for my ignorance, but who do casinos even report on these high transactions? From what I see the countries that issue the licenses don't even have time to look at every transaction of a online casino, so I wonder what is the purpose of KYC if the owner of the casino is anonymous and also the casino has no headquarters? In the real world casinos have to pay tax and are constantly supervised by a specific government agency, so it makes sense for them to ask for documents when a person makes a withdrawal. but in the case of online casinos I think that governments or whoever is forcing online casinos to demand KYC from their customers is not doing the right thing... it would only make sense if the person made a large deposit and then withdrawn the deposit, in which case it could be suspected of money laundering so it would make sense to ask for KYC because if that person is involved in the theft of coins then the casino could hand over his data to the police. but to demand that someone who has made a deposit of 100$ or even 1000$ or 1 million dollars and throws everything and loses and is left with only 10,000$ but then wins 2 million dollars but at the time of withdraw having to do KYC? that doesn't make any sense. in what part of this would it be suspected of money laundering?