Part of casinos' terms of service is banning your account if you cannot justify your source of income or they think it comes from an illegal source, so if a casino bans your account. You have 6 digits in your account; where will the money go, and do they have the right to keep the money? There is no provision; I read they will turn over the money to the authorities.
Is it legal for casinos to keep the money?
This discussion is based on a question of our bro seoincorporation
Casinos ask for KYC to avoid money laundering, but if the gambler isn't able to give the requested data then the casino keeps the money. If the casino keeps the money isn't that Money laundering?
Let's have an open conversation on this
- When that happens, you can probably feel a lot of pressure and depression because, at 6 digits, you don't know if you can recover or not. And even if others say that they are going to submit it to the authorities, I doubt that they will actually do it completely.
For sure, the others there will also be reduced by the casino owner himself; even if they turn it over to the authorities, they will not give it in full. And we who own the fund are the unfortunate ones because they have feasted on money that is not theirs.