Ninjastic
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Re: TRUSTDICE: up to $25 FREE BONUS [NO DEPOSIT REQUIRED] Forum EXCLUSIVE!
by
shield132
on 28/07/2024, 19:52:37 UTC
Quote from: tranthidung on July 27, 2024, 01:45:09 PM
Quote from: shield132 on July 27, 2024, 06:48:20 AM
That's not true, the wagering requirement doesn't decrease the chance of money laundering
It is helpful to prevent money laundering with small amounts, you're missing a point, but I agree that people who launder money with big value, this wagering requirement won't help to prevent it. There are other ways to do money laundering and people who want to do this, don't need to take risk by doing it on a gambling site and face with risk of losing money by wagering.
Do we mean a few hundred dollars? I think that above thousands they actively monitor users and below that, I think not many people launder money. I also think that it's stupid to launder money through a casino because when you deposit Bitcoin, your transaction is recorded and available publicly on Bitcoin Blockchain and blockchain analysis companies are so advanced today that they catch many people with do anything illegal.

Quote from: tranthidung on July 27, 2024, 01:45:09 PM
Wagering requirement is like KYC, can be helpful or not helpful against money laundering, it depends on different users but both exchanges and gambling sites get benefit from KYC policy and wagering requirement, it's undeniable.
Wagering requirement for your deposited, hard earned money is only a fuel to the fire of gambling addiction. If casino cares about safe gambling, then forcing players to gamble is completely against it.

Quote from: AbuBhakar on July 27, 2024, 01:49:54 PM
It works both ways but it’s really designed for AML policy since casino can be use as mixer if they will not imposed this wagering requirements.
It does absolutely nothing to stop money laundering. What if the money launderer is a gambler too?  Grin Then that's a win-win for such a criminal. By setting 2x wagering requirement, casinos either get all the money from the money launderer in their pocket or leave him richer than he was.