Crypto Casinos vs money laundering.

[Japinat]

Let's be honest, money laundering is the best thing that can happen to a casino and there is where most of high rollers comes from. I have seen some rollers in the past that runs some huge scams and then go to the casinos to play with the scammed money and with that justify where they get the money from after hitting some huge wins.

Nowadays most casinos has KYC, but i don't think that is enough to stop the money laundering, what casinos should do is to investigate the source of the deposits to fight against this illegal activity, but that will not happen because is a win-win game from them.

So, what do you say, does crypto casinos really care about money laundering?

As almost every casino has KYC system where kyc is required when someone invests huge money or wins huge amount.  In that case I don't think a crypto casino can be a big cause of money laundering.  Because if someone is doing money laundering there then his identity will be revealed due to KYC so I don't think anyone will choose crypto casino as a money laundering route.

KYC can prevent money laundering cases, but money launderers are smart enough to move their funds from one place to another and know how much money they can spend in one place. Of course, they are so experienced in money laundering that it can make it difficult for casinos and other places of business to trace the source of that person's funds.

If there are customers who often play at the casino and spend very large sums of money and have a close relationship with the casino owner, it will make it easier for them to launder their money there because the casino owner will not suspect them.

Of course, technologies to track these money launderers are still improving throughout each year because these guys are also getting smarter each and every year. Experience help them to evolve and evade the new technologies. Other than that, casinos and authorities are already tired in chasing these guys because they knew that money launderers keeps on outsmarting them, they are just patiently waiting for some mistakes that will reveal these guys in what they are doing before making a move.

Money launderers never wait based on a method.  They launder money in various ways.  And they are constantly getting smarter and coming up with different new ways, so gambling may be a way of money laundering but it doesn't work very well. They use other methods more than gambling sites to launder money

Indeed, casinos and gambling houses aren't their only options where to launder their money just to keep it safe from authorities who are trying to track them down. We can't mention it all here because it's just too many to mention. Every year they found new ways and they have the right people who thinks of it.

[1714037210]

1714037210

[smartaction]

Let's be honest, money laundering is the best thing that can happen to a casino and there is where most of high rollers comes from. I have seen some rollers in the past that runs some huge scams and then go to the casinos to play with the scammed money and with that justify where they get the money from after hitting some huge wins.

Nowadays most casinos has KYC, but i don't think that is enough to stop the money laundering, what casinos should do is to investigate the source of the deposits to fight against this illegal activity, but that will not happen because is a win-win game from them.

So, what do you say, does crypto casinos really care about money laundering?

As almost every casino has KYC system where kyc is required when someone invests huge money or wins huge amount.  In that case I don't think a crypto casino can be a big cause of money laundering.  Because if someone is doing money laundering there then his identity will be revealed due to KYC so I don't think anyone will choose crypto casino as a money laundering route.

KYC can prevent money laundering cases, but money launderers are smart enough to move their funds from one place to another and know how much money they can spend in one place. Of course, they are so experienced in money laundering that it can make it difficult for casinos and other places of business to trace the source of that person's funds.

If there are customers who often play at the casino and spend very large sums of money and have a close relationship with the casino owner, it will make it easier for them to launder their money there because the casino owner will not suspect them.

Of course, technologies to track these money launderers are still improving throughout each year because these guys are also getting smarter each and every year. Experience help them to evolve and evade the new technologies. Other than that, casinos and authorities are already tired in chasing these guys because they knew that money launderers keeps on outsmarting them, they are just patiently waiting for some mistakes that will reveal these guys in what they are doing before making a move.

Money launderers never wait based on a method.  They launder money in various ways.  And they are constantly getting smarter and coming up with different new ways, so gambling may be a way of money laundering but it doesn't work very well. They use other methods more than gambling sites to launder money

Indeed, casinos and gambling houses aren't their only options where to launder their money just to keep it safe from authorities who are trying to track them down. We can't mention it all here because it's just too many to mention. Every year they found new ways and they have the right people who thinks of it.

Money laundering is never done by one person.  They have a group for money laundering and in that group many types of people are involved like government party influential people, big businessmen, many bankers, police etc. And they find different ways.  Even if it involves crypto.  Not so much associated with casinos

[deathcode]

Let's be honest, money laundering is the best thing that can happen to a casino and there is where most of high rollers comes from. I have seen some rollers in the past that runs some huge scams and then go to the casinos to play with the scammed money and with that justify where they get the money from after hitting some huge wins.

Nowadays most casinos has KYC, but i don't think that is enough to stop the money laundering, what casinos should do is to investigate the source of the deposits to fight against this illegal activity, but that will not happen because is a win-win game from them.

So, what do you say, does crypto casinos really care about money laundering?

I think of course implementing KYC in casinos isn't sure to stop money laundering completely.
because money launderers will always have many ways and methods to launder their money.
money laundering practices not only go through crypto casinos, they will split their money and put it into trades, properties, stocks and much more.
they will do various things by putting their money into small pieces and converting their proceeds into other assets.
which in the end they make as if the proceeds of crime are their property from legitimate business activities.

I think at least a few casinos that implement KYC will prevent and maybe be a little difficult for the money launderers.
and will also provide small pieces of information for the relevant investigators to point to the money launderers.

[Japinat]

Let's be honest, money laundering is the best thing that can happen to a casino and there is where most of high rollers comes from. I have seen some rollers in the past that runs some huge scams and then go to the casinos to play with the scammed money and with that justify where they get the money from after hitting some huge wins.

Nowadays most casinos has KYC, but i don't think that is enough to stop the money laundering, what casinos should do is to investigate the source of the deposits to fight against this illegal activity, but that will not happen because is a win-win game from them.

So, what do you say, does crypto casinos really care about money laundering?

As almost every casino has KYC system where kyc is required when someone invests huge money or wins huge amount.  In that case I don't think a crypto casino can be a big cause of money laundering.  Because if someone is doing money laundering there then his identity will be revealed due to KYC so I don't think anyone will choose crypto casino as a money laundering route.

KYC can prevent money laundering cases, but money launderers are smart enough to move their funds from one place to another and know how much money they can spend in one place. Of course, they are so experienced in money laundering that it can make it difficult for casinos and other places of business to trace the source of that person's funds.

If there are customers who often play at the casino and spend very large sums of money and have a close relationship with the casino owner, it will make it easier for them to launder their money there because the casino owner will not suspect them.

Of course, technologies to track these money launderers are still improving throughout each year because these guys are also getting smarter each and every year. Experience help them to evolve and evade the new technologies. Other than that, casinos and authorities are already tired in chasing these guys because they knew that money launderers keeps on outsmarting them, they are just patiently waiting for some mistakes that will reveal these guys in what they are doing before making a move.

Money launderers never wait based on a method.  They launder money in various ways.  And they are constantly getting smarter and coming up with different new ways, so gambling may be a way of money laundering but it doesn't work very well. They use other methods more than gambling sites to launder money

Indeed, casinos and gambling houses aren't their only options where to launder their money just to keep it safe from authorities who are trying to track them down. We can't mention it all here because it's just too many to mention. Every year they found new ways and they have the right people who thinks of it.

Money laundering is never done by one person.  They have a group for money laundering and in that group many types of people are involved like government party influential people, big businessmen, many bankers, police etc. And they find different ways.  Even if it involves crypto.  Not so much associated with casinos

Couldn't agree more, money laundering is just their way to get their money clean from all the illegal activities they did behind the curtains, mostly, there is a big organization that we couldn't even imagine behind these things and those kinds of people you've mentioned are all connected and part of the big organization, if not, they are just under their payroll especially these high ranking police officers and government officials.

[ethereumhunter]

Let's be honest, money laundering is the best thing that can happen to a casino and there is where most of high rollers comes from. I have seen some rollers in the past that runs some huge scams and then go to the casinos to play with the scammed money and with that justify where they get the money from after hitting some huge wins.

Nowadays most casinos has KYC, but i don't think that is enough to stop the money laundering, what casinos should do is to investigate the source of the deposits to fight against this illegal activity, but that will not happen because is a win-win game from them.

So, what do you say, does crypto casinos really care about money laundering?

I think of course implementing KYC in casinos isn't sure to stop money laundering completely.
because money launderers will always have many ways and methods to launder their money.
money laundering practices not only go through crypto casinos, they will split their money and put it into trades, properties, stocks and much more.
they will do various things by putting their money into small pieces and converting their proceeds into other assets.
which in the end they make as if the proceeds of crime are their property from legitimate business activities.

I think at least a few casinos that implement KYC will prevent and maybe be a little difficult for the money launderers.
and will also provide small pieces of information for the relevant investigators to point to the money launderers.

But then again, the money launderers are not people who have just entered the money laundering business but must have had years of experience. So even if they are dealing with a casino that implements KYC, they will easily find another less restrictive casino so they can still run their business. This money laundering is like a business for them because they already have a place to use to launder money and maybe find a place to store their money safely. But crypto casinos are trying not to become a repository for money laundering proceeds and implementing KYC is one way to avoid that problem.

[Yatsan]

the only thing a casino would be concerned of money laundering is profit because it would allow more players to continue playing.

Let's be honest, money laundering is the best thing that can happen to a casino and there is where most of high rollers comes from. I have seen some rollers in the past that runs some huge scams and then go to the casinos to play with the scammed money and with that justify where they get the money from after hitting some huge wins.

Nowadays most casinos has KYC, but i don't think that is enough to stop the money laundering, what casinos should do is to investigate the source of the deposits to fight against this illegal activity, but that will not happen because is a win-win game from them.

So, what do you say, does crypto casinos really care about money laundering?

I think of course implementing KYC in casinos isn't sure to stop money laundering completely.
because money launderers will always have many ways and methods to launder their money.
money laundering practices not only go through crypto casinos, they will split their money and put it into trades, properties, stocks and much more.
they will do various things by putting their money into small pieces and converting their proceeds into other assets.
which in the end they make as if the proceeds of crime are their property from legitimate business activities.

I think at least a few casinos that implement KYC will prevent and maybe be a little difficult for the money launderers.
and will also provide small pieces of information for the relevant investigators to point to the money launderers.

But then again, the money launderers are not people who have just entered the money laundering business but must have had years of experience. So even if they are dealing with a casino that implements KYC, they will easily find another less restrictive casino so they can still run their business. This money laundering is like a business for them because they already have a place to use to launder money and maybe find a place to store their money safely. But crypto casinos are trying not to become a repository for money laundering proceeds and implementing KYC is one way to avoid that problem.

An established casino won't allow risks to be that high especially for their assets. Money laundering won't close a deal with a small amount. Given that it would be expected to be huge, casinos would somehow ring a bell to secure what might be a loss on their end. Agreement will not be drafted and close without edges on both ends. KYC would be wuestioned on the other hand by the 'customers' so casinos would need to find a better way to aid suspiscion but being fair at the same time.

[BobK71]

Money laundering is never done by one person.  They have a group for money laundering and in that group many types of people are involved like government party influential people, big businessmen, many bankers, police etc. And they find different ways.  Even if it involves crypto.  Not so much associated with casinos

Here I agree with you. Nowadays money laundering is rapidly increasing by those who are high ranking government officials or big businessmen. Illegal money transfers happen to such people. It is more simply said that this tendency is higher among those who are making money illegally. Those involved in money laundering is usually pre-planned.

[TimeTeller]

Money laundering is never done by one person.  They have a group for money laundering and in that group many types of people are involved like government party influential people, big businessmen, many bankers, police etc. And they find different ways.  Even if it involves crypto.  Not so much associated with casinos

Here I agree with you. Nowadays money laundering is rapidly increasing by those who are high ranking government officials or big businessmen. Illegal money transfers happen to such people. It is more simply said that this tendency is higher among those who are making money illegally. Those involved in money laundering is usually pre-planned.

Money laundering will always be there, in every business not only in crypto.
So ML may be happening right now in casinos and other gambling websites.
But it depends on the casinos how they will tackle such fraudulent action as they have policies towards AML/KYC.
We can't totally avoid this to happen as launderers will always find a way how to wash their money.

[ethereumhunter]

the only thing a casino would be concerned of money laundering is profit because it would allow more players to continue playing.

Let's be honest, money laundering is the best thing that can happen to a casino and there is where most of high rollers comes from. I have seen some rollers in the past that runs some huge scams and then go to the casinos to play with the scammed money and with that justify where they get the money from after hitting some huge wins.

Nowadays most casinos has KYC, but i don't think that is enough to stop the money laundering, what casinos should do is to investigate the source of the deposits to fight against this illegal activity, but that will not happen because is a win-win game from them.

So, what do you say, does crypto casinos really care about money laundering?

I think of course implementing KYC in casinos isn't sure to stop money laundering completely.
because money launderers will always have many ways and methods to launder their money.
money laundering practices not only go through crypto casinos, they will split their money and put it into trades, properties, stocks and much more.
they will do various things by putting their money into small pieces and converting their proceeds into other assets.
which in the end they make as if the proceeds of crime are their property from legitimate business activities.

I think at least a few casinos that implement KYC will prevent and maybe be a little difficult for the money launderers.
and will also provide small pieces of information for the relevant investigators to point to the money launderers.

But then again, the money launderers are not people who have just entered the money laundering business but must have had years of experience. So even if they are dealing with a casino that implements KYC, they will easily find another less restrictive casino so they can still run their business. This money laundering is like a business for them because they already have a place to use to launder money and maybe find a place to store their money safely. But crypto casinos are trying not to become a repository for money laundering proceeds and implementing KYC is one way to avoid that problem.

An established casino won't allow risks to be that high especially for their assets. Money laundering won't close a deal with a small amount. Given that it would be expected to be huge, casinos would somehow ring a bell to secure what might be a loss on their end. Agreement will not be drafted and close without edges on both ends. KYC would be wuestioned on the other hand by the 'customers' so casinos would need to find a better way to aid suspiscion but being fair at the same time.

If the casino is indirectly involved in money laundering, they will try to keep it tightly closed so that it is not visible to outsiders and few people know about the secret. This will be further covered if the casino owner also runs a money laundering business so that they will freely use their business and make money from other business results. But reputable casinos will not let this happen. They will always try to monitor every transaction in their business and ensure their casino is clean from money laundering.

[gunhell16]

Let's be honest, money laundering is the best thing that can happen to a casino and there is where most of high rollers comes from. I have seen some rollers in the past that runs some huge scams and then go to the casinos to play with the scammed money and with that justify where they get the money from after hitting some huge wins.

Nowadays most casinos has KYC, but i don't think that is enough to stop the money laundering, what casinos should do is to investigate the source of the deposits to fight against this illegal activity, but that will not happen because is a win-win game from them.

So, what do you say, does crypto casinos really care about money laundering?

Crypto casinos don't care, of course, they are in this business to make money not to concern anyone.

And not everyone who applies KYC to their crypto gambling platform can say that it is safe, other gambling platforms just use it as a tool to make other gamblers or players think that their site of gambling is safe. But I don't blame everyone, others can still be taken advantage of. That's why you still need to do your research to find out if a casino is legitimate.

[Japinat]

Let's be honest, money laundering is the best thing that can happen to a casino and there is where most of high rollers comes from. I have seen some rollers in the past that runs some huge scams and then go to the casinos to play with the scammed money and with that justify where they get the money from after hitting some huge wins.

Nowadays most casinos has KYC, but i don't think that is enough to stop the money laundering, what casinos should do is to investigate the source of the deposits to fight against this illegal activity, but that will not happen because is a win-win game from them.

So, what do you say, does crypto casinos really care about money laundering?

Crypto casinos don't care, of course, they are in this business to make money not to concern anyone.

And not everyone who applies KYC to their crypto gambling platform can say that it is safe, other gambling platforms just use it as a tool to make other gamblers or players think that their site of gambling is safe. But I don't blame everyone, others can still be taken advantage of. That's why you still need to do your research to find out if a casino is legitimate.

Yes, that is right! Online crypto casino's doesn't really care if some of their users are just looking a way to launder their money, that is not their concern anymore because they are just focused on their losses and profits. They are just requiring KYC because that is a direct order from the authorities as that is one of their requirements to have a license. But not all licensed and are asking KYC are safe, we shouldn't forget that because if there's an unfortunate situation where the casino is hacked then our identities are in a dangerous spot. Much better to find some reputable casinos because that is more worth the risk.

[LUCKMCFLY]

What happens is that it is a sensitive issue, obviously it is as the colleague has said, to some casinos that are highly reputable and very trustworthy if they care about money laundering and therefore use KYC, but it is well known that some casinos that are mostly relatively new, can be in this business camouflaged by the platform and take advantage of a large number of people and players who are very active in the game, so all these things are sometimes good for KYC, but at their Sometimes it is risky, because an apparent KYC can reveal everything about a person and make them even try on their life and leave them there on a silver platter to extort them or any kind of thing.

Actually no one force you to play on new casinos why we need to play on new casinos when we already know the trusted and reputable casinos that operated until now? it's similar like centralized exchanges. I didn't want to touch any new casinos even though they have an interesting promotion or high bonus because any sites can offer to good to be true, but only few sites are reputable and don't lying to their customers.

I still stick with my old casinos and I never regret with my decision until now.

Well, in fact, the casinos that I have always guided me a lot, they are the most reliable and in fact the most reliable, but as there are always new casinos I like to explore them, there are some that have many new and innovative things, that It is what I like to explore, therefore sometimes when they get very intense with their KYC requirement I do not like it, not because I have to give it, but because at the beginning of a casino I do not know if it will be reliable, with a good reputation Perhaps it happens to many that when they give their KYC or something, the casino ends up being a scam and the KYC filtering is something that can be dangerous.

the only thing a casino would be concerned of money laundering is profit because it would allow more players to continue playing.

Let's be honest, money laundering is the best thing that can happen to a casino and there is where most of high rollers comes from. I have seen some rollers in the past that runs some huge scams and then go to the casinos to play with the scammed money and with that justify where they get the money from after hitting some huge wins.

Nowadays most casinos has KYC, but i don't think that is enough to stop the money laundering, what casinos should do is to investigate the source of the deposits to fight against this illegal activity, but that will not happen because is a win-win game from them.

So, what do you say, does crypto casinos really care about money laundering?

I think of course implementing KYC in casinos isn't sure to stop money laundering completely.
because money launderers will always have many ways and methods to launder their money.
money laundering practices not only go through crypto casinos, they will split their money and put it into trades, properties, stocks and much more.
they will do various things by putting their money into small pieces and converting their proceeds into other assets.
which in the end they make as if the proceeds of crime are their property from legitimate business activities.

I think at least a few casinos that implement KYC will prevent and maybe be a little difficult for the money launderers.
and will also provide small pieces of information for the relevant investigators to point to the money launderers.

But then again, the money launderers are not people who have just entered the money laundering business but must have had years of experience. So even if they are dealing with a casino that implements KYC, they will easily find another less restrictive casino so they can still run their business. This money laundering is like a business for them because they already have a place to use to launder money and maybe find a place to store their money safely. But crypto casinos are trying not to become a repository for money laundering proceeds and implementing KYC is one way to avoid that problem.

An established casino won't allow risks to be that high especially for their assets. Money laundering won't close a deal with a small amount. Given that it would be expected to be huge, casinos would somehow ring a bell to secure what might be a loss on their end. Agreement will not be drafted and close without edges on both ends. KYC would be wuestioned on the other hand by the 'customers' so casinos would need to find a better way to aid suspiscion but being fair at the same time.

If the casino is indirectly involved in money laundering, they will try to keep it tightly closed so that it is not visible to outsiders and few people know about the secret. This will be further covered if the casino owner also runs a money laundering business so that they will freely use their business and make money from other business results. But reputable casinos will not let this happen. They will always try to monitor every transaction in their business and ensure their casino is clean from money laundering.

Well, whenever we think about money laundering and casinos, it comes to mind how easy it is for some to do this type of thing, but not with so much money, but let's say with money in a more moderate way, because it can be done deposits and play, lose and deposit again, and be able to have a low but high profile within the casino, because making a high deposit and wanting to withdraw it at once is already a reason for them to jump the security of it and retain it for being suspicious activity I think that to launder money in a casino is a practice that is not very viable, some already have other ways of laundering money, at least the governments do it in other ways.

Let's be honest, money laundering is the best thing that can happen to a casino and there is where most of high rollers comes from. I have seen some rollers in the past that runs some huge scams and then go to the casinos to play with the scammed money and with that justify where they get the money from after hitting some huge wins.

Nowadays most casinos has KYC, but i don't think that is enough to stop the money laundering, what casinos should do is to investigate the source of the deposits to fight against this illegal activity, but that will not happen because is a win-win game from them.

So, what do you say, does crypto casinos really care about money laundering?

Crypto casinos don't care, of course, they are in this business to make money not to concern anyone.

And not everyone who applies KYC to their crypto gambling platform can say that it is safe, other gambling platforms just use it as a tool to make other gamblers or players think that their site of gambling is safe. But I don't blame everyone, others can still be taken advantage of. That's why you still need to do your research to find out if a casino is legitimate.

Well, the casinos care that they make money on their platforms, that they have a lot of traffic and that they can make the possible transactions to be able to have more activity in the casino, if I were the owner of a casino and I see that they make those deposits and play, I would rule out In any case, it is money laundering, however, if you see that there is suspicious activity, I would temporarily block the account to find out why it is doing this type of transaction or simply not block it, but send an email from support to verify that It is what happens, because it could be that he is a potential client and he is not given the proper treatment.

[terrific]

Crypto casinos don't care, of course, they are in this business to make money not to concern anyone.

And not everyone who applies KYC to their crypto gambling platform can say that it is safe, other gambling platforms just use it as a tool to make other gamblers or players think that their site of gambling is safe. But I don't blame everyone, others can still be taken advantage of. That's why you still need to do your research to find out if a casino is legitimate.

As a gambler, we can have that sense which is good to comply those documents they're asking and those that they don't.
If you're a long time gambler, you know what your right is and if you're okay to send them all of those documents they want.
We're free, if we don't like, choose another one and you're aware of yourself that you have never been engaged into money laundering and never will be.

[Reatim]

Crypto casinos don't care, of course, they are in this business to make money not to concern anyone.

And not everyone who applies KYC to their crypto gambling platform can say that it is safe, other gambling platforms just use it as a tool to make other gamblers or players think that their site of gambling is safe. But I don't blame everyone, others can still be taken advantage of. That's why you still need to do your research to find out if a casino is legitimate.

As a gambler, we can have that sense which is good to comply those documents they're asking and those that they don't.

senses is not that needed instead back grounding is what important , never play in site that has no assurance or those who are facing issues from players.

If you're a long time gambler, you know what your right is and if you're okay to send them all of those documents they want.

even you are new or old players but if the site asks you KYC before withdrawal , then you need nothing to do but to comply if you wanted to get your funds.

We're free, if we don't like, choose another one and you're aware of yourself that you have never been engaged into money laundering and never will be.

that's it. casino cannot force us to play in their site so meaning that you need to choose the most legit one.

[QueenVera]

So, what do you say, does crypto casinos really care about money laundering?

Your question if I'm not wrong is referring just to crypto casinos and not fiat casinos included, and I think cryptocurrency is decentralized and transactions can't be tracked, I believe crypto casinos only have the options of payments done through cryptos which implies that the transactions will be done through a wallet to the casino, hence the casinos wouldn't have the need to interrogate the deposit since it's also a win win strategy as well for them

I think Interrogation will be more possible and easier for fiat casinos since this transactions can easily be tracked and investigate.

[LUCKMCFLY]

As almost every casino has KYC system where kyc is required when someone invests huge money or wins huge amount.  In that case I don't think a crypto casino can be a big cause of money laundering.  Because if someone is doing money laundering there then his identity will be revealed due to KYC so I don't think anyone will choose crypto casino as a money laundering route.

There are so many ways to launder money, not only in a casino. A wise criminal will find the best way. Those who use a casino are I think have another purpose other than to launder money. Maybe they literally want to play a gambling? To have fun or to possibly increase the money that they deposit.

There are gambling sites which doesn't mandate a KYC and if the site blocks them upon withdrawal asking them to upload their KYC, I think they will use someone else identity. There are so many things that you can do if you have lots of money and you can easily get away with the crimes that you will be doing. This is the power of money.

Well as I have said on previous occasions, the biggest money launderers apart from drug traffickers are governments, and people who discover businesses in particular do not use casinos, a long time ago they told me about businesses with credit cards, and I wanted to pass them on because it belonged to people from some parts of the world who leave them and don't care, I refused once and for all, because no matter how much money a person has, they don't deserve to have it taken away or stolen, in fact I said that It was an illegal act and they told me that it was from the government, and I told them that I did not believe them, the government does not launder money that way, they have much bigger things to launder money, finally I asked them again and they told me that Those cards were given by a credit card generator, so things in the world do not go well for those who have good intentions, laundering money in a casino, is something that I do not see being used much either.

[irhact]

Crypto casinos don't care, of course, they are in this business to make money not to concern anyone.

The cryptocurency casino just like the market is unregulated as such nobody really cares about what's ongoing there until something very suspicious or bad happens then the government's will step in and any culprit found will be punished. Everybody knows crypto casino aren't much a thing yet and there getting their money through other means which laundering money is a major source of revenue. Casinos could also be engage in harvesting customers data and selling to interested buyers.
Gamblers aren't security alerted and the owners of this casino knows this, therefore they're free to do with customers data anything they want, all the gambler is after is making quick money through been lucky and been able to withdraw without hesitation.

[btc78]

Crypto casinos don't care, of course, they are in this business to make money not to concern anyone.

And not everyone who applies KYC to their crypto gambling platform can say that it is safe, other gambling platforms just use it as a tool to make other gamblers or players think that their site of gambling is safe. But I don't blame everyone, others can still be taken advantage of. That's why you still need to do your research to find out if a casino is legitimate.

As a gambler, we can have that sense which is good to comply those documents they're asking and those that they don't.

complying is our obligation because if we are a gambler we also knew that we have no power against  site rules and decision , if they ask for kyc then we must comply or else we are waving our money inside that site.

If you're a long time gambler, you know what your right is and if you're okay to send them all of those documents they want.
We're free, if we don't like, choose another one and you're aware of yourself that you have never been engaged into money laundering and never will be.

even if you are a long time gambler mate still your right is indeed correct but remember also that the gambling site has also rights to suspend or blocked our fund if we did not comply for what they are asking.

[QueenVera]

Let's be honest, money laundering is the best thing that can happen to a casino and there is where most of high rollers comes from. I have seen some rollers in the past that runs some huge scams and then go to the casinos to play with the scammed money and with that justify where they get the money from after hitting some huge wins.

Nowadays most casinos has KYC, but i don't think that is enough to stop the money laundering, what casinos should do is to investigate the source of the deposits to fight against this illegal activity, but that will not happen because is a win-win game from them.

So, what do you say, does crypto casinos really care about money laundering?

Casinos as we now are now basically classified into two which is the Fiat casino and the crypto casinos.
Cryptocurrency which is a decentralized firm of currency isn't monitored and shouldn't be monitored at the first place. Casinos have done enough already to have introduced KYC to help comb criminality and money laundering which it's obvious isn't really enough but has gone a long way to reduce the rate of criminality because humans are always smart enough to make a new way when one closes.
It would have been more easier to monitor and investigate some transactions in a casino if it was a fiat casino, but since it's crypto, I really don't see the ease of monitoring such transactions except for withdrawals and one might decide to withdraw it's money in bits rather than in bulk.

[Pamadar]

Let's be honest, money laundering is the best thing that can happen to a casino and there is where most of high rollers comes from. I have seen some rollers in the past that runs some huge scams and then go to the casinos to play with the scammed money and with that justify where they get the money from after hitting some huge wins.

Nowadays most casinos has KYC, but i don't think that is enough to stop the money laundering, what casinos should do is to investigate the source of the deposits to fight against this illegal activity, but that will not happen because is a win-win game from them.

So, what do you say, does crypto casinos really care about money laundering?

Casinos as we now are now basically classified into two which is the Fiat casino and the crypto casinos.
Cryptocurrency which is a decentralized firm of currency isn't monitored and shouldn't be monitored at the first place. Casinos have done enough already to have introduced KYC to help comb criminality and money laundering which it's obvious isn't really enough but has gone a long way to reduce the rate of criminality because humans are always smart enough to make a new way when one closes.
It would have been more easier to monitor and investigate some transactions in a casino if it was a fiat casino, but since it's crypto, I really don't see the ease of monitoring such transactions except for withdrawals and one might decide to withdraw it's money in bits rather than in bulk.

Smarter now, those who perform criminal act are also aware of changes around, even crypto casinos are making changes
in terms of securities, but criminals are adjusting to that change as well.

They understand the risk, so instead of withdrawing or depositing amount which can create suspicions
they will do it in a such way that there's nothing or like just a normal transaction to avoid gaining
attentions.