Quote from: coin-investor on Today at 10:38:24 AM

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

Quote from: seoincorporation on May 07, 2024, 12:06:59 AM

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

This is ambiguous about what attitude the casino might take, basically if it is true that it is illegal money then it should be handed over to the government that regulates the casino if the user does not provide personal data properly to the casino to justify that it is his money and the results of his work or whatever it is with his money.

But the interesting question is actually whether the casino will hand over the money to the government when the account user who has the nominal does not provide the data to the casino, this is no provision, so it could be kept by the casino or given to the government, and this is difficult to determine because it questions what steps the casino might take.