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.
There’s a risk for unregistered casino and it affects most the gambler since they are taking bigger risk on playing on that site though decentralized gambling site are still growing despite of the risk, we might see more of those site in the future. Complying with the KYC terms is all for the purpose if AMLA policy and those who have their licensed can’t do anything about it but to comply, especially if the funds becomes suspicious.