Quote from: alastantiger on September 22, 2023, 08:23:08 PM

Quote from: Crypt0Gore on September 20, 2023, 09:12:59 AM

Do you think your casino can be regulated without the AML policy? The requirements says it's all, so is it possible that those casinos doing their no KYC stuffs are not even registered?

It is only an unregistered and an unlicensed casino that will not be concerned about asking for KYC because they know that there is really no consequences for it. They are not bound by any law. Most of these online casinos operate offshore where they can hide their other clandenstine activities which includes money laundering.As a result, they evade the authorities which creates significant risks for both players and the broader financial system.

Nowadays, gamblers choose registered and licensed casinos because they do not want to experience scamming from their casinos. But licensed casinos also apply KYC to their members to monitor all their members who will gamble at their casinos. The casino does not want any of its members to be involved in illegal activities, so they will always monitor activities and ask their members to do KYC when they want to withdraw their big winnings. Some casinos implement KYC when registering, so there are no problems later. So for now, unlicensed and unregistered casinos are not a good choice for gamblers because of the scamming already happening everywhere.