Quote from: BobK71 on November 24, 2022, 03:54:15 AM

Quote from: erep on November 23, 2022, 10:29:02 AM

Quote from: Pamadar on November 23, 2022, 08:42:38 AM

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.

They also understand the latest changes in regulations to avoid attention from money laundering and they are looking for weaknesses to be exploited to deposit some money for withdrawal to bank accounts from other people's identities, so it is very difficult to identify the main perpetrators of money laundering activities on gambling platforms even though there are requirements KYC but the team can only freeze assets but never find the main identity of the account owner.

Those involved in money laundering are always looking for new avenues. Nowadays, a very easy way to do this is through gambling sites. But gambling sites are also very careful in this regard. KYC is made mandatory by many gambling sites. Also, if money laundering money is kept on gambling sites, freezing it is also a good initiative, I think that will discourage such criminals from depositing there. They must enter their KYC to withdraw the freezing amount. But some gambling sites are flexible in this regard for their profit which should never ‍acceptable.

You guys are overrating the integrity of gambling sites, how many of them have that integrity? One thing I want you to know today is that most gambling sites are just making sure they take the KYC of their customers for personal gains, or to have excuses for blocking accounts, not that they are really serious about it. And perhaps, some would do that so that people would think they are serious and more legit, but it is a lie.

Regardless, as cryptocurrency is concerned, if they would truly fight money laundry, the only important thing for them to do is to process withdrawals back to the originating address. Don't be surprised that these companies are complacent in money laundering themselves.