Post
Topic
Board Gambling
Re: Gambling consulting for players
by
Richbased
on 11/10/2024, 15:28:00 UTC
At Betflexi.com, we don't ask for that as we believe that player's privacy supersedes every other consideration. Asking for source of wealth is never a sure way to curb money laundering. There are far better and more sophisticated ways.
Are you among the devs team when using the word "we" signifies that you are also among the casino operator, however, I wouldn't want to capitalize your statement but it's deem necessary for a casino and gambling site to asked about additional verification or source of wealth if they the money isn't coming from the right source, this is to fight against anti money laundering.

I don't know when a casino company has now become a banking platform to ask about the source of wealth for someone who registered on their platforms, it's very awkward to me except if someone has laundered a huge amount of money in their account and not using it to stake bets but yet it is never the duty of a casino company to ask about one's source of wealth, perhaps the information they got from the KYC documents should be enough. A casino company asking about the source of wealth from their customers is not a fight against money laundering to me. There are people who made huge amount of money from gambling and they have devoted their time to gambling such that they sees it as their own source of income even though winnings are not guaranteed always so if such a gambler decides to move their funds to other casino company and continue gambling does it require them to declare their source of wealth? I can't even be comfortable with a casino company asking too much about my personal details, i'll rather disregard such casino company than risking further information apart from the ones i gave in my KYC verification