Quote from: Bitinity on Today at 06:34:50 AM

Quote from: delfastTions on July 19, 2023, 06:36:57 AM

I am sure that these methods are almost never used by anyone. And I hope all the major well-known casinos prohibit such operations on their sites.

That's why there is a wagering requirement for deposit (1x-2x) in most casinos. This term is implemented to avoid such money laundering attempt. As what the main idea of this topic which is related to the chance for money launderers to do their laundry in casino by using high odds strategy while playing, this strategy will not help the launderer to avoid the risk of losing all the deposited money. Once again I have to say that betting with high odds is not a loophole in stopping money laundering because there is a big risk.

If no KYC involve and only have wagering requirements involve maybe this can be easily exploit by money launderer since they could still wager the required amount then proceed to withdraw the funds stolen from somewhere. There's nothing impossible if there huge money involve so criminals could still get away with it, unlike if they implement KYC which required other necessary details like providing selfie then provably this could stop this activity from any casino.