I've been wary of the new casinos that opens announcement threads here recently after the last one that took away player's deposits or didn't pay withdrawals. This one seems different but let's see.
Regarding your questions about KYC, I can tell you that in most cases, there won't be any KYC, unless there is suspicious activity. But each case is done on a case-by-case basis. While we want to make playing hassle free for legit players, we do need to follow laws and regulations and will do so when we see unlawful patterns.
Most of us are already familiar with those conditions since it's similar to other casinos so maybe just change the "relaxed KYC" to "no upfront KYC" to avoid any more confusion. I think that is more direct and specific.