Quote from: satscraper on December 26, 2024, 04:19:48 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?

In my view there is no such kind of threat for casinos that adhere to the strict AML policy backed by legal ^{and approved} software which perform AML screening of casinos' customers and have the relevant licences from government. Commonly the fee for such licences are high enough so such casinos are valuable sources for pumping up the budget of the given country.

Many casinos are protecting their services because of this money laundering of a thing. They are mostly recognized by the government and have different tools to detect if a particular fund is from a criminal source of not. They are sheltered by sophisticated tools we might not be aware about watching every transactions to ensure that they are protected by the money laundering act which covers casinos .and other online businesses. If the casino team noticed thatvyiu sendmt fund that is from a well corrupt source, they have the right to seize the fund and report to the government.