Re: Casinos not asking for KYC to register and play, but do require it to withdraw
Money laundering mostly stops by wagering requirements. Casino KYC you if they have doubts in your honesty. Unfortunately, such doubts they have if you begin to win. And they have no any doubts when you deposit money.
On one hand - there is nothing to be afraid in KYC. On the other hand - today KYC is used mostly against gamblers, not for its real purpose.
The reason why most person are all very serious about their KYC is because most of the time some casino do sell it out but although some of the casino that do that are the ones with no reputation at all but even at that many gambler are still very conscious of the data they do submit to the casino. But like you said there is actually no need to panic if you are clear beside it's a matter of seconds or minute for the verification of the details you submit for reputable casino.On one hand - there is nothing to be afraid in KYC. On the other hand - today KYC is used mostly against gamblers, not for its real purpose.
The best way is to think that your data is sold. Take care about your bank cards and mobile phone, use 2FA and sms confirmations.
That`s why i say don`t be afraid of KYC.
That's right.
Because they have to follow it up for a KYC and they're very strict with that. Even the gambler have won it through their casino, they'd still doubt that player even they've got the records.
One reason that they might say about asking for its compliance is about money laundering. Yeah, you've won a large amount but because you want to withdraw it and take that money, they will doubt you that you'd used fund from money laundering.
Money laundering mostly stops by wagering requirements. Casino KYC you if they have doubts in your honesty. Unfortunately, such doubts they have if you begin to win. And they have no any doubts when you deposit money. Because they have to follow it up for a KYC and they're very strict with that. Even the gambler have won it through their casino, they'd still doubt that player even they've got the records.
One reason that they might say about asking for its compliance is about money laundering. Yeah, you've won a large amount but because you want to withdraw it and take that money, they will doubt you that you'd used fund from money laundering.
On one hand - there is nothing to be afraid in KYC. On the other hand - today KYC is used mostly against gamblers, not for its real purpose.
Even if you gamble with that and try to withdraw some when you have changed your mind.
Then, that's something else for them and will start questioning you.
Why they don`t forget you to deposit money? Why there are no deposit limits? They don`t care where from these money, until you don`t want it back.