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

If the money is suspicious then actually the online gambling owner has full power to lock the funds in that account and that is usually stated in the TOS.

If you have 6 digits that you want to launder in an online casino, you must first meet with the casino owner because it would be very stupid if you launder criminal money but end up having your money locked in that account, usually online casino owners have several active contacts. people who often launder money on their platforms, the term KYC is just a cover, even though they launder criminal money behind the camera.