We all know the recent issue about the mixer status here in the forum. Crypto casino is also being use for money laundering by some criminals that’s why every casino has AML policy.
I’m just curious what will be the fate of crypto casino once money laundering activity from mixer will jump to casino now that mixer will not be advertised here which means it has less exposure. Is there any possibility that crypto casino will be seized by the government just like what happened to mixers in case they failed to screen the laundering activity?
Crypto casinos are absolutely different from mixers and if government is trying their possible best to ensure that mixers are no more in existence, then I don't think that same struggles will come down to casinos. People that are into money laundry knows how to go about it and till now, we still have so many mixers that are still in operation. Casinos have their own Anti money Laundry policies which is guiding them from fraudulent activities from their customers. If a casino noticed that you are currently funding your account with huge sum of amount, and then trying to move the money without playing any bet or trying to wanger less bets while the other money is being forwarded, then that could be a suspicious attempt which many casinos will freeze the account and ask for KYC.