Quote from: Jawhead999 on October 16, 2022, 05:10:20 AM

Quote from: LUCKMCFLY on October 16, 2022, 03:28:30 AM

What happens is that it is a sensitive issue, obviously it is as the colleague has said, to some casinos that are highly reputable and very trustworthy if they care about money laundering and therefore use KYC, but it is well known that some casinos that are mostly relatively new, can be in this business camouflaged by the platform and take advantage of a large number of people and players who are very active in the game, so all these things are sometimes good for KYC, but at their Sometimes it is risky, because an apparent KYC can reveal everything about a person and make them even try on their life and leave them there on a silver platter to extort them or any kind of thing.

Actually no one force you to play on new casinos Grin

why we need to play on new casinos when we already know the trusted and reputable casinos that operated until now? it's similar like centralized exchanges. I didn't want to touch any new casinos even though they have an interesting promotion or high bonus because any sites can offer to good to be true, but only few sites are reputable and don't lying to their customers.

I still stick with my old casinos and I never regret with my decision until now.

Well, in fact, the casinos that I have always guided me a lot, they are the most reliable and in fact the most reliable, but as there are always new casinos I like to explore them, there are some that have many new and innovative things, that It is what I like to explore, therefore sometimes when they get very intense with their KYC requirement I do not like it, not because I have to give it, but because at the beginning of a casino I do not know if it will be reliable, with a good reputation Perhaps it happens to many that when they give their KYC or something, the casino ends up being a scam and the KYC filtering is something that can be dangerous.

Quote from: ethereumhunter on October 27, 2022, 01:33:12 AM

Quote from: Yatsan on October 26, 2022, 03:29:44 PM

the only thing a casino would be concerned of money laundering is profit because it would allow more players to continue playing.

Quote from: ethereumhunter on October 26, 2022, 02:20:43 PM

Quote from: deathcode on October 24, 2022, 04:34:38 PM

Quote from: seoincorporation on September 13, 2022, 08:56:20 PM

Let's be honest, money laundering is the best thing that can happen to a casino and there is where most of high rollers comes from. I have seen some rollers in the past that runs some huge scams and then go to the casinos to play with the scammed money and with that justify where they get the money from after hitting some huge wins.

Nowadays most casinos has KYC, but i don't think that is enough to stop the money laundering, what casinos should do is to investigate the source of the deposits to fight against this illegal activity, but that will not happen because is a win-win game from them.

So, what do you say, does crypto casinos really care about money laundering?

I think of course implementing KYC in casinos isn't sure to stop money laundering completely.
because money launderers will always have many ways and methods to launder their money.
money laundering practices not only go through crypto casinos, they will split their money and put it into trades, properties, stocks and much more.
they will do various things by putting their money into small pieces and converting their proceeds into other assets.
which in the end they make as if the proceeds of crime are their property from legitimate business activities.

I think at least a few casinos that implement KYC will prevent and maybe be a little difficult for the money launderers.
and will also provide small pieces of information for the relevant investigators to point to the money launderers.

But then again, the money launderers are not people who have just entered the money laundering business but must have had years of experience. So even if they are dealing with a casino that implements KYC, they will easily find another less restrictive casino so they can still run their business. This money laundering is like a business for them because they already have a place to use to launder money and maybe find a place to store their money safely. But crypto casinos are trying not to become a repository for money laundering proceeds and implementing KYC is one way to avoid that problem.

An established casino won't allow risks to be that high especially for their assets. Money laundering won't close a deal with a small amount. Given that it would be expected to be huge, casinos would somehow ring a bell to secure what might be a loss on their end. Agreement will not be drafted and close without edges on both ends. KYC would be wuestioned on the other hand by the 'customers' so casinos would need to find a better way to aid suspiscion but being fair at the same time.

If the casino is indirectly involved in money laundering, they will try to keep it tightly closed so that it is not visible to outsiders and few people know about the secret. This will be further covered if the casino owner also runs a money laundering business so that they will freely use their business and make money from other business results. But reputable casinos will not let this happen. They will always try to monitor every transaction in their business and ensure their casino is clean from money laundering.

Well, whenever we think about money laundering and casinos, it comes to mind how easy it is for some to do this type of thing, but not with so much money, but let's say with money in a more moderate way, because it can be done deposits and play, lose and deposit again, and be able to have a low but high profile within the casino, because making a high deposit and wanting to withdraw it at once is already a reason for them to jump the security of it and retain it for being suspicious activity I think that to launder money in a casino is a practice that is not very viable, some already have other ways of laundering money, at least the governments do it in other ways.

Quote from: gunhell16 on October 27, 2022, 01:53:36 AM

Quote from: seoincorporation on September 13, 2022, 08:56:20 PM

Let's be honest, money laundering is the best thing that can happen to a casino and there is where most of high rollers comes from. I have seen some rollers in the past that runs some huge scams and then go to the casinos to play with the scammed money and with that justify where they get the money from after hitting some huge wins.

Nowadays most casinos has KYC, but i don't think that is enough to stop the money laundering, what casinos should do is to investigate the source of the deposits to fight against this illegal activity, but that will not happen because is a win-win game from them.

So, what do you say, does crypto casinos really care about money laundering?

Crypto casinos don't care, of course, they are in this business to make money not to concern anyone.

And not everyone who applies KYC to their crypto gambling platform can say that it is safe, other gambling platforms just use it as a tool to make other gamblers or players think that their site of gambling is safe. But I don't blame everyone, others can still be taken advantage of. That's why you still need to do your research to find out if a casino is legitimate.

Well, the casinos care that they make money on their platforms, that they have a lot of traffic and that they can make the possible transactions to be able to have more activity in the casino, if I were the owner of a casino and I see that they make those deposits and play, I would rule out In any case, it is money laundering, however, if you see that there is suspicious activity, I would temporarily block the account to find out why it is doing this type of transaction or simply not block it, but send an email from support to verify that It is what happens, because it could be that he is a potential client and he is not given the proper treatment.