Post
Topic
Board Gambling discussion
Re: Money laundering in crypto casino
by
Wapfika
on 16/12/2023, 18:24:53 UTC
Tracing money laundering is the responsibility of government agencies, not the casino's responsibility.
The highest policy lies with the government, casino companies only operate according to the rules that have been set.
It doesn't seem fair if the government's failure to trace money laundering cases has an impact on casino companies that have followed the rules. They must be objective to overcome this.
Because without us realizing there are quite a lot of workers who work for casino companies to earn a living for their families.

True that it’s government responsibility to trace laundering but casino has the responsibility to make their business clean with laundering a much as possible or else they might be punished too. This is same scenario with mixer that being use to launder money. It’s not that mixer like laundering but they are being use as a tool for the crime knowingly/unknowingly that’s why they are being seize. Having a tainted money makes you part of the crime and subject for investigation.

This is the reason why casino have KYC to handle over to the government the user details that is suspected for money laundering. Technically casino is still have an obligation to make their casino clean as much as they can from crimes.