Quote from: QueenVera on Today at 05:54:39 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?

Casinos as we now are now basically classified into two which is the Fiat casino and the crypto casinos.
Cryptocurrency which is a decentralized firm of currency isn't monitored and shouldn't be monitored at the first place. Casinos have done enough already to have introduced KYC to help comb criminality and money laundering which it's obvious isn't really enough but has gone a long way to reduce the rate of criminality because humans are always smart enough to make a new way when one closes.
It would have been more easier to monitor and investigate some transactions in a casino if it was a fiat casino, but since it's crypto, I really don't see the ease of monitoring such transactions except for withdrawals and one might decide to withdraw it's money in bits rather than in bulk.

Smarter now, those who perform criminal act are also aware of changes around, even crypto casinos are making changes
in terms of securities, but criminals are adjusting to that change as well.

They understand the risk, so instead of withdrawing or depositing amount which can create suspicions
they will do it in a such way that there's nothing or like just a normal transaction to avoid gaining
attentions.