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
For regions where casinos are been regulated by the government or there are regulatory bodies in charge that takes care of such, when a casino gets to discover such I think they in the ideal situation they Hans it over to the government because if the regulatory body get to know by investigation then it will be a problem to the casinos too so they probably hand it over to the authorities so as to make sure they are able to maintain credibility but then in cases or places where there are no regulations I don't have a good idea how it's handled but then most likely the casino gets to keep the funds.
Since the launder cannot report to any other person they may aswell have to Forfeit the money to the casino but then I have not really got to know how it's handled in regions without stringent measures of regulation.