Quote from: Wakate on December 23, 2024, 05:04:32 PM

Quote from: AbuBhakar on December 03, 2023, 04:24:44 PM

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.

If we do try to look out on how these things works about money laundering then gambling platforms are really that also included because it will be that possible that these platforms could passed through laundered money on which simply means that the government will be setting out some prohibitions too about money laundering and this one isnt surprising. Focusing into casino then we do see that people who do tend to launder money then it doesnt come easy because at the time that they will be making up some deposits then they will be needing up to wager it 2x of the deposit amount on which simply means that if there's someone who do tend to launder then high chances that they would be losing it all at the time they do gamble because of that wager requirement before you can go out or withdraw.

If we do tend to compare it out with mixers then we have seen on how these things been banned and being seized out on which those are solely places that you can mix up your coins for total anonymity.