Quote from: Eureka_07 on April 27, 2023, 02:41:02 PM

Quote from: tusandii on April 27, 2023, 08:27:04 AM

Quote from: Magoo8 on April 21, 2023, 07:24:26 PM

Will you ever KYC a person where it's obvious he isn't money laundering? Will the normal player be able to play without KYC?

KYC requirements are not a matter of whether a person is committing money laundering or not, but because of the requirements requested by the casino because of a license that is used or it could be to give the casino certainty when someone makes a large withdrawal to avoid gamblers who use the casino to launder money.
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AFAIK, KYC was created to fight illegal transactions (of which, Money Laundering is an example). Another reason is to fight against terrorism funding.

Yes, indeed KYC is applied to fight illegal transactions such as money laundering carried out by irresponsible persons such as corruptors and other criminals who are involved in embezzling large amounts of money.
Moreover, if the casino is actually used by irresponsible people to launder money, then indirectly the casino can also be dragged into the case.
This is why casinos enforce KYC and we also have to accept or understand the casino's policy on KYC.
I did not know that one of the reasons for money laundering is to finance terrorism because from experience I know money laundering is done so they can get rid of evidence of crimes committed when corruption or embezzlement of funds.