How could money laundering affect us? We are regular players, I go to some casinos, I register and make a deposit in very few because I don't like it, especially if it's a new casino, but what do they talk about money laundering, how can one be a safe player?
Money laundering can affect us when the casino uses it as a leeway to confiscate our funds especially when we win a huge amount that is somehow impossible for the casino to provide especially the small platforms. We will be asked with KYC then when cleared they will heighten the requirement by asking the player for proof of funds. It would be troublesome for the player, especially for us who earn from freelancing and side jobs and get paid with cryptocurrency and don't declare tax to the government. You see most of the proof of fund require bank statements, payslip,s or income tax return. If we failed to provide those then our fund can be consfiscated since they will tag the account of money laundering for the failure of providing proof of fund.
Laundering dough? Please! Laundering garments, way better - keeping those whites bright! Joking aside, money laundering in online casinos? A major issue, like building a wall. Big money attracts shady folks, no surprise. We, the players, gotta do our homework. Stick to safe, secure platforms. Hit the jackpot? Tell the IRS! Uncle Sam needs his piece of the cake! Online gambling: a world of surprises, opportunities. But we gotta play fair, keep it safe, and secure for everyone. Let's do it, folks!