Money laundering in crypto casino

[AbuBhakar]

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?

[Oshosondy]

There is no threat to gambling sites because they are obeying the laws. They have the anti-money laundering policy.

If gambling sites should be affected, organizations that favors money laundering should all be closed down. No bank supposed to be existing again because they are used to launder money. Launderers just get a legit business, then use the business to launder money into bank.

Dirty money used in gambling are also mostly like this. Just as unclean money are in banks.

[AbuBhakar]

There is no threat to gambling sites because they are obeying the laws. They have the anti-money laundering policy.

But money laundering of a thing, if organizations that favors money laundering should all be closed down, no bank supposed to be existing again because they are used to launder money. Launderers just get a legit business, then use the business to launder money into bank.

Dirty money used in gambling are also mostly like this. Just as unclean money are in banks.

Yes I understand that but Binance suffer same fate by unintentionally allowing money transfers from terrorist group even though they later on catch them. I’m thinking if the casino don’t catch the laundering activity(since launderer is now very creative to make it looks like they are legit player) while the authorities trace the source of money of launderer and end up to the casino.

I’m not sure what will be the consequences by unintentionally allowing laundering on your service,

[Cantsay]

No they won’t.

Unlike mixers, casinos constantly monitor activities of their customers and if they notice some unusual behavior they usually block such account and when it has to do with depositing and withdrawing funds to a different address without placing any bets they don’t allow that, and that is part of the measures.

We have seen users come to the forum to open scam accusation thread against casinos but after much investigation it would be as a result of the casino suspecting that their service was being used for money laundering and because of that they had to lock the account until proven otherwise. It’s going to be extremely difficult for the government to tag a casino as a tool for money laundering, unless that specific casino was created for that specific but masked it self as a casino to reduce suspicions but if you’re referring to a normal casino then my answer still remains “no”.

[Orpichukwu]

One of the main reasons why casinos have a wager requirement for deposits is to minimize the way the casino can be used to launder money as possible. It's through that they cant 100% stop scammers from using their system, but their policy is kind of protecting the casino from becoming overused that way. 
 
So if by any chance any casinouser make use of the casino to launder money or mix their money and withdraw other forms of money from the casino, the risk they take is very high, as most casinos when they notice such random cash movement can sanction the owners account and KYC (if not requested from the first place) will be requested, and other forms of identification, which can make it easier for the scammer to be apprehended.
 
Und if by any chance the casino is unable to do the job right and any govement body detects such form of money movement, the casino can be held, as they are licensed business, so they know, how they can be queried, and they can work hand in hand to sort things out, unless on casinos that are not licensed and not meeting AML requirements, that can think of the danger to come.

[AbuBhakar]

One of the main reasons why casinos have a wager requirement for deposits is to minimize the way the casino can be used to launder money as possible. It's through that they cant 100% stop scammers from using their system, but their policy is kind of protecting the casino from becoming overused that way. 
 
So if by any chance any casinouser make use of the casino to launder money or mix their money and withdraw other forms of money from the casino, the risk they take is very high, as most casinos when they notice such random cash movement can sanction the owners account and KYC (if not requested from the first place) will be requested, and other forms of identification, which can make it easier for the scammer to be apprehended.

X1 wagering requirements is very easy to bypass using games with low house edge. Also money launderers wash dirty money which means they have nothing to lose with this kind of money so they don’t consider much the risk involved from gambling games unlike us that using regular money from our hard earned salary.

They can simply bet high on low house edge games then recover their losses from the rakeback of their loyalty rewards. I’m sure a money launderer account will be a whale user with max tier VIP level.

[Nwada001]

X1 wagering requirements is very easy to bypass using games with low house edge. Also money launderers wash dirty money which means they have nothing to lose with this kind of money so they don’t consider much the risk involved from gambling games unlike us that using regular money from our hard earned salary.

They can simply bet high on low house edge games then recover their losses from the rakeback of their loyalty rewards. I’m sure a money launderer account will be a whale user with max tier VIP level.

I understand where you are heading to, but let us also not forget: There is no 100% sure game in gambling. Even if we bet on games with 1 odd, which reduces our chance of losing and increases our chance of winning, we still can't be 100% guaranteed that the game will come out positive, which is the reason why anyone thinking of to launder money will first of all think of other options, before they can think of using the casino. 
 
Another form of financial activity, which requires users to deposit and withdraw, makes it much more easier to mix coins than casinos offer. Exchanges of coins, if not for the fact that they offer KYC, are the major means I know many use to launder and clean their money. So for the casinos, it can still be use for such, but the chances are highly minimal in my own opinion.

[swogerino]

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?

Gambling sites have no requirements to find where the source of money come from because as soon as they do that then boom -99% of customers directly out of their business and casinos want money to flow in not out.Therefore it is the duty of government agencies to track mixers and people using them and not the casino duty,if the government agencies is suspicious about one transaction they can ask the casino to further investigate that very transaction in order to get more information if they suspect money laundering is being done there.It is the government agencies duty and nothing would happen to the casinos otherwise we would see so many of them out of business already.

[Accardo]

X1 wagering requirements is very easy to bypass using games with low house edge. Also money launderers wash dirty money which means they have nothing to lose with this kind of money so they don’t consider much the risk involved from gambling games unlike us that using regular money from our hard earned salary.

They can simply bet high on low house edge games then recover their losses from the rakeback of their loyalty rewards. I’m sure a money launderer account will be a whale user with max tier VIP level.

I understand where you are heading to, but let us also not forget: There is no 100% sure game in gambling. Even if we bet on games with 1 odd, which reduces our chance of losing and increases our chance of winning, we still can't be 100% guaranteed that the game will come out positive, which is the reason why anyone thinking of to launder money will first of all think of other options, before they can think of using the casino. 
 
Another form of financial activity, which requires users to deposit and withdraw, makes it much more easier to mix coins than casinos offer. Exchanges of coins, if not for the fact that they offer KYC, are the major means I know many use to launder and clean their money. So for the casinos, it can still be use for such, but the chances are highly minimal in my own opinion.

Casinos can't be used to launder money without being traced, since the funds would go directly to a wallet address. That's for crypto users. Then the receiver still has to mix the crypto to be anonymous. Main reason the government is working hard on following up those mixers, it's the end process. Due to the fact most gamblers still require Kyc to deposit funds in any casino, just like in exchanges, casinos isn't a safe place for money launderers. Even, not all casino restrict withdrawals for gamblers, some casinos allow users to deposit and withdraw without gambling or winning a bet. Money launderers prefer mixers due to lack of KYC. Once those details are collected or even when fake documents are submitted, they'll be trails or traces. Where the law enforcement agencies find it difficult to trace a criminal is when they've left no loopholes of any kind. I think Op is just curious about this due to the recent ban of mixers. Because this forum get tagged whenever a mixer is closed by the government. It's bringing a bad name on the forum. Promoting casinos isn't wrong, we see ads on stadiums, TVs, radios and bill boards regarding casinos and gambling. Remember, the government use the money to finance the health of addicted citizens and the nation.

[Wiwo]

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 casinos will be seized by the government just like what happened to mixers in case they failed to screen the laundering activity?

The gambling industry is fully regulatory compliance since the majority of them are centralized and have kyc implementation in the casino,  so there is nothing like a threat and what happens to mixer will not happen to gamble, even though there is a presence of money laundering in the gambling market but also that is not different from what is also obtainable with traditional banks too and every other financial institution,  criminals have a way of getting through,  but if caught then it becomes another case entirely.

So casinos will suspend the accounts of gamblers if they notice any form of money laundering activities,  this is why, sometimes you hear cases of gamblers' accounts being locked with funds in it and an investigation is being carried out,  so for that,  the government will only have problem with decentralized casinos and that is why you see most of them closing down the businesses due to such cases at that.

[Sunderland]

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?

There is no KYC with the "centralized mixer", just send the money, swap and receive it after 1 or 3 confirmations and it is possible to launder Millions of dollars with this service.
The reasons to use a mixer service:
1. Anonymity
2. Money laundering

While with the casino = must wager first, daily withdrawal limit, KYC on big withdrawal, also there will be connections between the user deposit address => casino hot wallet => the user withdrawal address (traceable).
Money laundering on a casino is still possible, but ineffective and high risk for the money launderer.
And if there is a casino seized because of money laundering then it will not affect other casinos at all nor their promotions/marketing everywhere including here on Bitcointalk.

[salad daging]

Casinos already have policies and regulations that comply with the government so casinos will continue to monitor the filtering of illegally sourced money activities and they now require KYC if there is a suspected account then the casino will not have the same fate as the mixer.

Suppose if someone does an illegal act of sending money to the casino in large amounts while they do not make bets or bets are not commensurate with the money deposited then it will be suspected and confiscated normally, so with this casino has a stricter policy on money laundering then I think the casino will anticipate this.

[Bananington]

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?

Money laundering through casinos used to be very easy for criminals, but is not exactly very attractive for criminals presently. Money laundering possibilities through Casino's have already been addressed that is why there are lesser casino's without KYC because they have to always know who uses their platform for government compliance. Money launderers will always find other ways now to clean their money now that mixers are under watch, and crypto casino's are difficult to launder money through with the Anti-money laundering (AML) regulations.

[Slow death]

One of the main reasons why casinos have a wager requirement for deposits is to minimize the way the casino can be used to launder money as possible. It's through that they cant 100% stop scammers from using their system, but their policy is kind of protecting the casino from becoming overused that way. 
 
So if by any chance any casinouser make use of the casino to launder money or mix their money and withdraw other forms of money from the casino, the risk they take is very high, as most casinos when they notice such random cash movement can sanction the owners account and KYC (if not requested from the first place) will be requested, and other forms of identification, which can make it easier for the scammer to be apprehended.

X1 wagering requirements is very easy to bypass using games with low house edge. Also money launderers wash dirty money which means they have nothing to lose with this kind of money so they don’t consider much the risk involved from gambling games unlike us that using regular money from our hard earned salary.

They can simply bet high on low house edge games then recover their losses from the rakeback of their loyalty rewards. I’m sure a money launderer account will be a whale user with max tier VIP level.

Money launderers are very intelligent people, they are always in a hurry, they are not scamming people to lose money in a casino. why would a scammer who stole 100 btc deposit 1 btc in a casino with high wagering requirements to lose all 1 btc? and even if these scammers managed to win, how long would he have to keep depositing 1 btc and risk losing until he was able to wash all 100 btc? This would take a long time and he would also run the risk of not having any BTC in the end, not to mention that the chances of going through KYC would be too high. a smart money launderer will not use online casinos to launder money, what could he do, would he create a casino

and with the casino he created, he could launder the money that he stole or that came from drugs or terrorists. it will not be a person who will deposit money to launder, for years that physical casinos have been used by criminals to launder money, for many years that hotels, especially luxury hotels, have been used for money laundering, governments are aware of this, So why don't all hotels close? The answer is very simple: because members of many governments own luxury hotels. Look at the people who appear to be the owners of luxury hotels, I'm not going to talk much about that here.

but the reality is that online casinos are more likely to be free of money laundering compared to physical casinos and hotels and large companies. In my opinion, when governments persecute mixers, it's because mixer owners don't ask for KYC, which makes it difficult for governments to persecute terrorists they don't like. This has become a political and selective issue, because if governments were being fair they would start persecuting hotels and their owners, but they won't do that because they also own the hotels. I hope online casinos don't allow people to deposit a lot of money and withdraw without playing much at the casino, with the wagering and kyc requirements, casinos are on the right track in the eyes of governments

[AmoreJaz]

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?

Money laundering through casinos used to be very easy for criminals, but is not exactly very attractive for criminals presently. Money laundering possibilities through Casino's have already been addressed that is why there are lesser casino's without KYC because they have to always know who uses their platform for government compliance. Money launderers will always find other ways now to clean their money now that mixers are under watch, and crypto casino's are difficult to launder money through with the Anti-money laundering (AML) regulations.

this is the major difference of licensed casinos over mixers. at least with licensed ones, they are following the AML/KYC as mandated by the licensing authority, as stated in their terms and conditions. though the actual implementation may very from one casino to another.
this is why the unlicensed gambling sites should start thinking of getting their license, even if it is for a show only. these days, we are seeing that everything should be regulated by authorities to continue your business.
we can't deny the fact that online gambling may not be totally free with money laundering activities but with their license, it will give these launderers to really push thru huge amounts of money going thru these casinos without submitting their credentials.

[topbitcoin]

Firstly, in my country, gambling is illegal and against the law. And the act of money laundering through a casino, this is fairly new. However, even so, in the country where I live, this kind of mode is often found and this dirty deed is often carried out by a number of regional heads, they do the mode of money laundering through a casino or foreign gambling place, which exchanges the proceeds of crime for casino coins and then the money is exchanged back in cash. And in this way, the results of the money exchange do not become a problem when the money is brought back to their country, because it is considered to come from playing gambling which in some countries, gambling is a legal activity. And in this case of course there are several parties who control the action. and this is where the question becomes, who controls the action? Is it from the casino or not.


I don't know for sure, but I think in this case there is an intermediary who facilitates between the perpetrators of money laundering and a casino that is used as a place to launder the proceeds of crime.

[Saint-loup]

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?

Criminals using casinos for laundering dirty money don't want to hide their funds, they usually want to get a legit justification of their origin. So crypto criminals just looking for obfuscation don't need to use the same schemes. And what a random casino can provide for that, they can find it at exchanges. If crypto casinos are really concerned about money laundering/obfuscation, they just need to only allow withdrawals to the addresses used for the deposits and to require a proof of ownership of those addresses. It could be done by signing a message with the private key of the address or by sending a given amount to a given address.

[BlackHatCoiner]

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?

We're one step closer to that, no doubt. If the admin of the original Bitcoin forum decides to no longer allow the discussion and promotion of services which enhance the privacy of your coins, you know things are pretty fucked. Nobody tells us this will not repeat for no-KYC casinos, or other means of improving one's anonymity (e.g., Monero).

It is concerning, not because of the suspension of the advertisement of these services per se; it is the action of censorship in an Internet board which stands up for censorship resistant cash. That is what feels wrong.

[goaldigger]

Most of the site now implement the KYC requirement to prevent this from happening and i don’t think the forum will do the same because crypto gambling are regulated and you are not anonymous here as you provide the KYC and follows the regulations too. Crypto casinos are more strict when it comes to this one, and we all know that your account can be questioned any time as long as the site saw irregularity with your account, so you are not safe in casino if you are doing laundering.

[Wiwo]

Firstly, in my country, gambling is illegal and against the law. And the act of money laundering through a casino, this is fairly new. However, even so, in the country where I live, this kind of mode is often found and this dirty deed is often carried out by a number of regional heads, they do the mode of money laundering through a casino or foreign gambling place, which exchanges the proceeds of crime for casino coins and then the money is exchanged back in cash. And in this way, the results of the money exchange do not become a problem when the money is brought back to their country, because it is considered to come from playing gambling which in some countries, gambling is a legal activity. And in this case of course there are several parties who control the action. and this is where the question becomes, who controls the action? Is it from the casino or not.


I don't know for sure, but I think in this case there is an intermediary who facilitates between the perpetrators of money laundering and a casino that is used as a place to launder the proceeds of crime.

I agree with you on a number of things, but also you forget to mentioned that casinos already have a system in olace to make miney laundering a hard thing to achieve in gambling and that way, any attempts will only get the criminal tendency of losing the money due to wagering conditions, because most of the centralized casinos already have a condition on their deposits and witdrwals which make it impossible for money luanderers to use casino as a safe heaven for their criminal activities.

Also in my country, gambling is a legal activity and at that, and we have policies that mandate every deposit to meet some requirements before being withdrawable, so for gamblers, they already know that any deposits must meet such requirements so that is a bad market for money launderers since they may lose the entire deposits in the process of trying to meet the wagering requirements.

[livingfree]

That is why they have KYC in order for them to track down money laundering activities. Because if there is no kyc for most casinos, they have already been flagged down by the government.

But since they comply and they do it with due diligence and enforcing it, they wont be hot in the eyes of the regulators.

[Die_empty]

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 no doubt could be used for money laundering but it has become very difficult to clear the traces. Most of these casinos operate under licences that stipulate how they run the gambling business. I have read about some situations where some licensors threatened to withdraw or withhold the licence of some casinos because they failed to abide by regulatory provisions. Mixers are not registered or regulated by any government organization and they don't need a licence to operate so they can operate freely.

 Money launderers are aware that casinos are not a good medium for moving illegal funds so they hardly use them. Most casinos that claim not to require KYC will ask for it immediately if they suspect any shady transaction or when withdrawing large sums. I doubt if casinos will be attacked just like mixers because they are already under the control of the government. However, in the crypto space anything is possible.

[Jating]

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?

I don't think that the criminals will simply jump on reputable casinos to mixed or laundered their money there. Crypto based casinos as you have said, has AML and they have their own anti-fraudulent group if I'm not mistaken.

And chances are, if they see one then they will have to confiscate it, ASAP resulting to a lost to those criminals as well. And other like wagering requirements have been set up by casino themselves so that they won't be taken advantage by this criminals.

[Litzki1990]

If any gambling based organization commits scams like money laundering then those organizations must come under the law. A number of Mixture campaigns have created good space in the forum but have caused scams like money laundering due to which the Forum has decided that no more Mixture campaigns will be promoted on this forum. Many members will lose their jobs due to banning mixer campaign in this forum but if the forum is protected due to banning of mixer campaign then it is definitely a good decision for the forum. Cheating gambling establishments do but are not discussed much. If the betting sites are cheating then the betting campaigns will never be banned in the forum because different countries are officially sanctioned and then run the betting sites and there should be no problem for the Bitcoin forum to promote these betting sites.

[Fivestar4everMVP]

Majorly every popular and well established gambling casinos does have operating licenses and registration codes which  are all issued by the government through their respective regulatory bodies.
And as such, gambling casinos can never be under the same subjective ban like the mixers are, gambling casinos are already an approved business on like mixers, in gambling casinos, users are required to go through account verification processes which captures their personal details like photo, ID and other various means of identification, any criminal who would want to use a casino to launder money or perform any other criminal activities stand a very high chances of being tracked and caught sooner of later.

So, rest assured that gambling casinos are as safe as they can be when it comes to the possiblity of them facing a ban on the forum like mixers have been banned.

[passwordnow]

If there is no order from the government, they'll keep going. The forum has just been on the sight of these undercovers due to the taking down of some mixers a few days ago. It's not the first one and I think that's a nice step that there's a need for them to get filtered and not allowed on January 1.

As for the casinos, it's the same as the physical casinos, as long as they are registered then they're going to be protected by the law and will be under the law. Whilst for the mixers, they are not registered and they don't need to be because that defeats the purpose of it. Not just from being targeted due to the mixing and money laundering but also about the registration, taxation and regulation that they should be under the jurisdiction where they are located.

[Oilacris]

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?

No, it cant happen! We know that gambling businesses are really that complying on governments rules and this is why they do really strictly implying those kind of terms and conditions whenever they are dealing something with those huge deposits or whatsoever correlated things about it on which there's always a tendency that it could happen in the platform but since these
companies are really that centralized or regulated by government rules terms then those money launderers wont really be considering on making use of gambling
platforms as their mediums and to consider out that 1x wagering with your deposit might sounds less but its not something that you could really be able to get that confident on.

[iv4n]

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?

Well, I wouldn't compare mixers and casinos...  I wouldn't say I like this new forum policy, I think that people should have the right to stay private, but this isn't the first time we see how governments are trying to stop mixers.

For now, crypto casinos are operating without big troubles, but who knows what the future holds? I doubt that crypto casinos and mixers will ever stop to exist, maybe they just won't be on the forum if there are some legal obstacles to their advertising and generally talking about them. As I understand from "the boss" post, for now he just wish to be covered and not associated with any "mixing activities".

[robelneo]

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?

I have not heard or read about a casino being taken over by the authorities for violating the Anti-money Laundering Act many casinos are licensed so they are fully compliance with the authorities they are very strict in implementing KYC, as you can see how gamblers react on these KYC.
You cannot compare mixers to casinos they are two separate platforms and they serve different purposes.
So I don't think there will be a crackdown, casinos are perfectly safe to promote here.

[Quidat]

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?

Well, I wouldn't compare mixers and casinos...  I wouldn't say I like this new forum policy, I think that people should have the right to stay private, but this isn't the first time we see how governments are trying to stop mixers.

For now, crypto casinos are operating without big troubles, but who knows what the future holds? I doubt that crypto casinos and mixers will ever stop to exist, maybe they just won't be on the forum if there are some legal obstacles to their advertising and generally talking about them. As I understand from "the boss" post, for now he just wish to be covered and not associated with any "mixing activities".

As for the forum actions towards those mixers then i dont see for it to be bad, yes it did make out some step that really going against total privacy but for the sake of this forums
existence and reputation then Theymos did made out such decision on excluding out those mixers to be adverstise into this forum on which i dont see for it to be an issue
or simply it is really just that a good decision to be made for the sake of every member of this forum because once this place would be allowing those things
then we do know that government will definitely seize down this forum, so it is really just that a right call.

[komisariatku]

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?

I dont think so. Casinos are not effective at laundering money. Money laundering is usually carried out in large amounts and casinos will definitely ask for KYC if there are large withdrawal transactions. Kyc will protect the platform from accusations of money laundering because if it is indicated that there is suspicious transaction activity, the casino will provide user data to the police so that this will help the police and prevent the casino from being accused of abetting money laundering.

[uneng]

For now, crypto casinos are operating without big troubles, but who knows what the future holds? I doubt that crypto casinos and mixers will ever stop to exist, maybe they just won't be on the forum if there are some legal obstacles to their advertising and generally talking about them.

You made a good point. To not advertise mixer services on this forum doesn't mean those services will stop existing and operating. Mixer's enthusiasts will keep using and looking for them in another niches of the internet, anyway. I don't think money launderers will have to move their schemes to casinos or any other business category for this reason.

But in positive case, that is, if the siege to mixers get more severe in a global scale, they will have to find creative ways to continue operating, and to use KYC casinos to do so doesn't look a good idea, because regulators will be watching closely that way. They definitely won't want that.

[Accardo]

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?

I have not heard or read about a casino being taken over by the authorities for violating the Anti-money Laundering Act many casinos are licensed so they are fully compliance with the authorities they are very strict in implementing KYC, as you can see how gamblers react on these KYC.
You cannot compare mixers to casinos they are two separate platforms and they serve different purposes.
So I don't think there will be a crackdown, casinos are perfectly safe to promote here.

Under the mixer thread, you'd notice where it's written that mixers are not completely bad. The fact it's banned in the forum doesn't mean mixers won't exist anymore. The service is here to stay, and for the administrator of the forum to go against it, then something must have happened behind the scene. For the safety and longevity of the forum, I trust the decision is good for us all. The forum isn't against mixers, just that the promotion of mixers in signatures are prohibited. So, people would still use mixers for their businesses. Instead of running to casinos. Although the government will keep clamping down bitcoin mixers to be able to track dark web transactions. Casinos are off the sight, like you said, it's quite incomparable. Many big online platforms pay their users in cryptocurrency, does it mean the government will close them down for money laundering? No. Lots of illegal businesses use mixers to clean their funds, which when one of them gets caught, the FBI visits the forum for their investigation. Endangering the notion of the forum, people could think it's now a dark web or in support of their activities. Ok, lets get it straight, if the government stops casinos from accepting cryptocurrency, is going to stop the casino from paying their advertisers via cryptocurrency?

[Assface16678]

That is why they have KYC in order for them to track down money laundering activities. Because if there is no kyc for most casinos, they have already been flagged down by the government.

But since they comply and they do it with due diligence and enforcing it, they wont be hot in the eyes of the regulators.

True! KYC is the key, but there are many gamblers or users of the website with KYC don't want to undergo KYC as they concern about their information without knowing that KYC serves as their security and the casino's compliance to the law, you see as you said KYC is implemented to avoid money laundering to track the doer if they did something like illicit activities including money laundering, crypto casino gambling sites are being subject to be used by those who has illicit activities, so this should be a lesson for everyone that no matter what your concern is comply in KYC first because some or mostly crypto casino do requires KYC first before you can withdraw your money, to avoid locking of funds. Also, you will comply with KYC if you know you will not be doing anything; otherwise, you will have a problem withdrawing your funds from the platform.

[Sandra_hakeem]

Yo, yooo!!! This are actually two different topics mhann!!
The governs pressing on money laundering cases on casinos..isn't the same thing with the fact that mixers are being banned .. BTW, the whole issue arouse when the governs weren't given prior authorization over mixers like 'em casinos did.. y'all been told that KYCs are made to stop money laundering?? Lol... There are more reasons to why it's made; why would the governs decide to eliminate a project that hasn't got any bad reviews just because they ain't initializing the KYCs??... Remember, In the crypto space, anonymity is imperative.

Sandra 🧑‍🦰

[Davidvictorson]

It is an open secrets that fraudsters find online casinos as very suitable avenue to send illicit funds. If you check the amount of financial transactions that is ongoing in gambling activities you will know why money laundering schemes thrives. Aside the methods used by these criminals to deposit and withdraw these funds, the anonymity embedded in bitcoin makes it easy to carry out these activities smoothly. It brings bad name to the online casino industry, therefore they need for stringent anti-money laundering (AML) measures in the gambling industry to counteract such activities.

[Docnaster]

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?

Your reasoning and the post you dropped made it look like this forum is the only place that mixers can advertise in this world and since they are going to be banned here, it will be the end of mixers. No, that is not what is obtainable. To be frank with you, anyone who wishes to use mixers will still find them and use. The reason why mixers are advertising in BTT is not to let people know that there are mixers. It is just to sink their brands in the mind of many.
Also, know that mixer owners are going to find a new way to advertise, even here in the forum. Don't be surprised, 2024 has many surprising things for us and we should be very ready to accept them.

As about your fear, casinos are cool regulated and the percentage of people that will use casinos to act bad are small because of many policies and wagering requirements of casinos.

[Wexnident]

~

I mean, you already answered it. Casinos have AML policies so I highly doubt they'd be attacked by the government for no reason. If ever, it'd be for a different reason but the only thing I can see they can attack from is from the usage of crypto and if they do that, they basically have to ban or deem illegal the usage of crypto itself.

In the first place it's kind of dumb to assume that due to mixers being banned here, in the forum, money laundering groups would immediately jump to crypto casinos. No, it doesn't work that way. It's kind of bold to assume in the first place that said groups converse in here anyway. Mixers being banned from the forum does not mean they're banned from being talked about everywhere, not to mention its usage itself. They can talk via telegram and use some random mixer out there really.

[Baofeng]

If I'm not mistaken, crypto casinos are more stricter than crypto exchanges are far as flagging those laundered money going into their platform. That's why they are seldom used by entities to clean up their money, it could end bad for them once casinos found out the source and what is their intention. So criminals will have to find a new way, I mean there are still platforms that hey usually used.

And there are a lot of them, in the dark net or dark web, or even in clear net, they are still going to used it although as we all know that kind of platform advertisement here will end at the start of the year.

So nothing will chance for this criminals, crypto casinos are not going to be affected by it.

[Westinhome]

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?

Actually some of the mixer was involved in the money laundering and the few casino based on the cryptocurrency was involved in money laundering.In both the case only some of them was involved in the money laundering.

So we should not blame the entire crypto based casino in the forum.Their are many casino running outside forum without the knowledge of forum.The forum people will check the available casino in the forum and declare the casino which involve in the money laundering.The most of the cryptocurrency based casino ask the gamblers to do kyc only for the avoiding of the money laundering in their site.

[Mauser]

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?

Casinos have been used to launder money for the last 100 years at least, crypto casinos are nothing special in that regard and are just an extension of the digitalization of the economy. AML policies are a decent way to limit the money laundering in smaller situations, but for the bigger organisations it won’t have a big impact. Criminals can switch around different casinos and use the loosest regulations for their advantages. I remember reading about a big bank heist in the Bangladesh central bank, where several millions were stolen over a weekend and transferred to the Philippines. The hackers had a group of more than 100 gamblers ready to spend the whole weekend in physical casinos and launder the money. These individuals came from various different countries only to spend 60 hours gambling and fly home again. It’s hard for casinos to do anything against such people who have no criminal history and are visiting the casino for the first time. The same thing can happen with online casinos as well and the government won’t be able to stop it completely. I don't think the government is going to start seizing casino to avoid money laundering completely, because they would have to do the same to physical casinos as well. Regulation might become stronger in the future, but banning and seizing casinos doesn't seem realistic at the moment.

[alani123]

I don't think it would be meaningful to try and "mix" coins through a crypto casino. First of all, many casinos these days require KYC, and even those that don't might require it seeing a large withdrawal.
Unlike dedicated mixing services, casinos do actually make efforts to answer to some state authorities, albeit not all of them I guess.

And on the other hand, casinos will usually require a deposited balance to be wagered before deposit. So really it doesn't make much sense. Risking to lose all your balance over some mixing?
There will be better ways to do this and even in a decentralized manner.

Already this whole discussion of money laundering through centralized platforms will be entirely irrelevant due to better technologies existing, but states will still find a way to impose sanctions on them just because. Let's not do them the favor of accepting their approach to things. In any case, most of the world's money laundering happens through banks anyway.

[danherbias07]

No, I don't think so because there's another rule that hinders that. The "wagering" goal. We cannot just get in and out of gambling sites now because they are making us play first from our deposits before we can withdraw again.
So, money laundering won't be an issue with most gambling sites today because of that.
Then, most reputable gambling sites do have a KYC included in their clause especially if it will be big amounts that will be withdrawn or deposited. No stupid money launderer would go to untrusted gambling sites just to waste their money and risk it being stolen by that gambling site, so they will still try to take the less risky path but they will have a hard time getting out too because of all this rules.

[Accardo]

No, I don't think so because there's another rule that hinders that. The "wagering" goal. We cannot just get in and out of gambling sites now because they are making us play first from our deposits before we can withdraw again.
So, money laundering won't be an issue with most gambling sites today because of that.
Then, most reputable gambling sites do have a KYC included in their clause especially if it will be big amounts that will be withdrawn or deposited. No stupid money launderer would go to untrusted gambling sites just to waste their money and risk it being stolen by that gambling site, so they will still try to take the less risky path but they will have a hard time getting out too because of all this rules.

Money launderers have a step by step way of cleaning their money. And following through similar methods as every other gambler won't help or doesn't seem secure to them. Sometimes, they'll prefer working with the owner of the online casino directly. Where their account can be funded by the casino, then they'll usher in big funds to the casino. A kind of peer to peer transaction agreements. More like in cases of CEX being accused of being used by money launderers, despite having all the sophisticated anti money laundering policy. They'll book an appointment with the CEO of the online platform to help them launder the money. But, since the loophole now depends on the third party CEO who can lead FBI straight to the money launderers. Mixers does the work right on their end. Any other online platform with KYC is a no, for such criminals. As one caught victim is enough, to trace almost everyone involved in the money laundering scheme.

[coin-investor]

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?

It's very risky for money launderers to use the service of a casino to launder, their money will be confiscated and their information will be handed to the authorities, I would not even think of using a casino with a foolproof system to trace money laundering activities if I'm a money launderer the risk is just too high. Money launderers will always use the service of mixers because that's the kind of service where they are free to make their money anonymously.

I don't think they will look for other options other than mixers to anonymize their funds.
If there is a way to launder money in casinos, the money launderers have used that method already and they do not need the service of mixers, the casino operators know that bad actors will try so they have a system in place to fight these money launderers.

 

[wxa7115]

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?

All the casinos that have a license and follow the law to the letter have nothing to worry about, as even if a criminal tried to use their services eventually casinos will ask those clients to identify themselves, and if they refuse then those criminals will lose that money, and if they comply then that information can later be used by law enforcing agencies to try to arrest them.

And while I can understand the panic some members may be going through due to the recent decision the administrator of the forum took, I do not think casinos are at any risk of suffering the same fate.

[pinggoki]

There is no threat to gambling sites because they are obeying the laws. They have the anti-money laundering policy.

If gambling sites should be affected, organizations that favors money laundering should all be closed down. No bank supposed to be existing again because they are used to launder money. Launderers just get a legit business, then use the business to launder money into bank.

Dirty money used in gambling are also mostly like this. Just as unclean money are in banks.

Problem is that there are some crypto casinos that are still doing no KYC policy so as to promote their casino as a hub for anonymous gambling and there's nothing that we can do about them, they are operating on a thin ice given that I'm sure that AML policies include having a KYC in your casino so as to prevent those stuff or at the least discourage people that are planning to launder their money in a crypto casino. I don't know about banks though, they have a pretty good measure against money laundering attempts to deposit money into their banks like for example, the money laundering syndicates use of smurfs to deposit a small but consistent amount of money to their bank account and then doing a wire transfer to the accounts of the syndicate and banks are able to know if someone is a smurf by checking your banking activity and once they've proven that you're a smurf for a money laundering operation, they will immediately freeze the accounts that you were associated in your activity so there's really not a lot of dirty money in banks although some get in, they can easily identify if someone's been putting in dirty money, as much as we want to make fun of banks and make them look like they're not any better than those KYC non-compliant crypto casinos, they're veteran at anti-money laundering operations.

[dansus021]

No, that is not possible, I think a crypto casino would be safe from the government and most of the gambling site has the license to operate so pretty much they are still safe. and like most other people some of the gambling sites implement anti-money laundy and know your customer. so they are safe.

Some illegal gambling sites might be banned by some countries. beside that two different sites meaning two different businesses. So they serve different purposes. Mixing service is to enhance the privacy but gambling is a game for fun that involves money. and I dont think people gonna launder his money through casino

[Ziskinberg]

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?

If a casino is regulated, they would not be seize by the government as long as they comply with the regulations.

It's easy to determine when the funds are coming since everyone is required to comply with the KYC. Money laundering involve huge funds coming in/out in a certain gambling site and we know that a gambling site requires KYC on bettors that risk a lot of money. This is something we don't have to worry though, what would possibly happen instead is that the government will impose a stricter regulation among casinos to ensure that this platform won't be use for illegal activities.

[slapper]

There is no threat to gambling sites because they are obeying the laws. They have the anti-money laundering policy.

If gambling sites should be affected, organizations that favors money laundering should all be closed down. No bank supposed to be existing again because they are used to launder money. Launderers just get a legit business, then use the business to launder money into bank.

Dirty money used in gambling are also mostly like this. Just as unclean money are in banks.

Problem is that there are some crypto casinos that are still doing no KYC policy so as to promote their casino as a hub for anonymous gambling and there's nothing that we can do about them, they are operating on a thin ice given that I'm sure that AML policies include having a KYC in your casino so as to prevent those stuff or at the least discourage people that are planning to launder their money in a crypto casino. I don't know about banks though, they have a pretty good measure against money laundering attempts to deposit money into their banks like for example, the money laundering syndicates use of smurfs to deposit a small but consistent amount of money to their bank account and then doing a wire transfer to the accounts of the syndicate and banks are able to know if someone is a smurf by checking your banking activity and once they've proven that you're a smurf for a money laundering operation, they will immediately freeze the accounts that you were associated in your activity so there's really not a lot of dirty money in banks although some get in, they can easily identify if someone's been putting in dirty money, as much as we want to make fun of banks and make them look like they're not any better than those KYC non-compliant crypto casinos, they're veteran at anti-money laundering operations.

[slapper]

There is no threat to gambling sites because they are obeying the laws. They have the anti-money laundering policy.

If gambling sites should be affected, organizations that favors money laundering should all be closed down. No bank supposed to be existing again because they are used to launder money. Launderers just get a legit business, then use the business to launder money into bank.

Dirty money used in gambling are also mostly like this. Just as unclean money are in banks.

Problem is that there are some crypto casinos that are still doing no KYC policy so as to promote their casino as a hub for anonymous gambling and there's nothing that we can do about them, they are operating on a thin ice given that I'm sure that AML policies include having a KYC in your casino so as to prevent those stuff or at the least discourage people that are planning to launder their money in a crypto casino. I don't know about banks though, they have a pretty good measure against money laundering attempts to deposit money into their banks like for example, the money laundering syndicates use of smurfs to deposit a small but consistent amount of money to their bank account and then doing a wire transfer to the accounts of the syndicate and banks are able to know if someone is a smurf by checking your banking activity and once they've proven that you're a smurf for a money laundering operation, they will immediately freeze the accounts that you were associated in your activity so there's really not a lot of dirty money in banks although some get in, they can easily identify if someone's been putting in dirty money, as much as we want to make fun of banks and make them look like they're not any better than those KYC non-compliant crypto casinos, they're veteran at anti-money laundering operations.

Imagine banks and crypto casinos as two sides of the same coin with different masks. Banks, with their jackets and ties, are money management veterans. Layers of checks and balances make money launderers' access difficult. Like royal palace elderly guards, they've seen every trick. Experience and technology help them catch smurfs hiding filthy money. Banks lead this elegant dance. Crypto casinos are financial revolutionaries. Their aggressive no-KYC approach attracts anonymous gamers. Like a masquerade ball, everyone wears masks. It's fun until someone breaks the rules. These casinos play high-stakes games, not simply blackjack. They may be the new trendsetters, but when you dance above the law, you'll pay the price. Banks may be stuffy, but they've been around long enough to know how to play

[mak013]

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?

Well, I wouldn't compare mixers and casinos...  I wouldn't say I like this new forum policy, I think that people should have the right to stay private, but this isn't the first time we see how governments are trying to stop mixers.

For now, crypto casinos are operating without big troubles, but who knows what the future holds? I doubt that crypto casinos and mixers will ever stop to exist, maybe they just won't be on the forum if there are some legal obstacles to their advertising and generally talking about them. As I understand from "the boss" post, for now he just wish to be covered and not associated with any "mixing activities".

I don`t sure that there is any real opportunity to stay private in our world. We think that cryptocurrencies help us to stay private but regularly see news how some cryptocurrency owner was caught. Mixers or casino can help, but they don`t give you guarantee of the privacy.
So mixers and casinos will work as usual, we`ll just become see less advertising on the board.

[Solosanz]

Easy, that casino will be banned too.

     b. If a site is not primarily a mixer but has a mixer function, such as a mixer function on a gambling website, then the whole site is considered a mixer.

The question is, how can someone know if the casino has a mixer feature if no one mention it? if the mixing feature is only limited for the owner, it need government intervention to seized them first, then the forum will follow it.

Currently casino regardless it's Web 3.0 or centralized one, is still safe.

[Saisher]

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.

No criminals will use casinos to launder their money, the risk is just too high you will be asked for a KYC if you have a huge withdrawal and part of that KYC is asking where the fund comes from, the casino will even ask for screenshots of your exchange dashboard, that's too much hassle and issue for someone who will use the casino to launder money.

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?

I don't think they will and they can, it's a very challenging task for money launderers to use casinos, the casino will confiscate the funds and the information you provided will be given to the prosecutors, launderers are not that idiot to use casinos to wash their funds, they will eventually lose the money.

[X-ray]

Easy, that casino will be banned too.

     b. If a site is not primarily a mixer but has a mixer function, such as a mixer function on a gambling website, then the whole site is considered a mixer.

The question is, how can someone know if the casino has a mixer feature if no one mention it? if the mixing feature is only limited for the owner, it need government intervention to seized them first, then the forum will follow it.

Currently casino regardless it's Web 3.0 or centralized one, is still safe.

The only question is, since when fully regulated and licensed casino has mixer function?  I never ever hear that in mylife. majority of casino were also implementing KYC to comply with the AML regulations by the regulators.
The casino owner shall also regularly reporting the condition of their casino too. Since when licensed casino owner needs mixing features? You can find their face easily on the internet. 

It's beyond my imagination. The owner is always paying the tax regularly. It will be stupid enough if the owner will be risking themselves through running the illegal ways.

The casino needs to be audited to get a licensed to operate from the regulators. I think that you are saying that something never happen.

[ethereumhunter]

The government may tighten its regulations on crypto casinos and monitor them more closely so they can see if crypto casinos are involved or not involved in money laundering cases. Maybethis may trigger crypto casinos to tighten their regulations on their users, and we should be prepared if that happens. Crypto casinos may immediately implement KYC procedures at the start of registration due to new regulations imposed by the government on crypto casinos. But that's just speculation and estimation and we should wait for further information from the casino. This will also prevent scam casinos from developing because they cannot comply with government regulations. But we'll see how things develop in the near future.

[Solosanz]

The only question is, since when fully regulated and licensed casino has mixer function?  I never ever hear that in mylife. majority of casino were also implementing KYC to comply with the AML regulations by the regulators.
The casino owner shall also regularly reporting the condition of their casino too. Since when licensed casino owner needs mixing features? You can find their face easily on the internet. 

It's beyond my imagination. The owner is always paying the tax regularly. It will be stupid enough if the owner will be risking themselves through running the illegal ways.

The casino needs to be audited to get a licensed to operate from the regulators. I think that you are saying that something never happen.

Then how you will answer about these cases? https://sanctionscanner.com/blog/the-five-biggest-money-laundering-scandals-317

Centralized banks are regulated, backed by government and other organizations, everyone know their existence, they pay tax accordingly, releasing financial reports, very strict KYC, adopting AML etc etc, which is stricter than centralized casino that only using shitty Curacao license?

How can someone know the casino owner face? he can use other person identity.

[Ultegra134]

Isn't it already possible, though? Some casinos don't even ask for verified KYC and ask for basic information like your name and surname in case of a withdrawal, and sometimes they don't even verify their validity. Thus, it may be possible with relatively smaller amounts, which weren't too much of a concern to begin with, but you do run the risk of withholding your funds in case they suspect malicious usage; a large withdrawal, for instance, would trigger their security system and block you and your access to your funds. Perhaps it can be done every now and then, but is it ultimately worth the risk?

Also, to add in @Solosanz reply, because I agree with what he mentioned, I had an account in a Lithuanian bank that was often used for money laundering, something that I did not know at the time, not going to name which, because it's unnecessary, but the bank faced some serious allegations and had to stop operations. If I'm not mistaken, they've relaunched and gone through a stricter KYC.

[pinggoki]

~

Imagine banks and crypto casinos as two sides of the same coin with different masks. Banks, with their jackets and ties, are money management veterans. Layers of checks and balances make money launderers' access difficult. Like royal palace elderly guards, they've seen every trick. Experience and technology help them catch smurfs hiding filthy money. Banks lead this elegant dance. Crypto casinos are financial revolutionaries. Their aggressive no-KYC approach attracts anonymous gamers. Like a masquerade ball, everyone wears masks. It's fun until someone breaks the rules. These casinos play high-stakes games, not simply blackjack. They may be the new trendsetters, but when you dance above the law, you'll pay the price. Banks may be stuffy, but they've been around long enough to know how to play

I get what you're saying but the problem is that this anonymity or pseudonymity that crypto offers is being utilized by criminals to funnel dirty money to their operations or to clean the dirty money that they've got, it's a dilemma because as much as we don't want crypto to compromise or give in to the authorities when it comes to giving up the identities of the people that are in the crypto space. Also, crypto casinos aren't financial revolutionaries, it's such a low standard if they're called that just because they accept crypto in their business, I'm sure that a traditional casino can do just that. Also, you posted double might want to check it out and delete it.

[Hispo]

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?

I seriously doubt casinos will get excluded, to be honest.
Their services are completely different from those offered by mixers, you know. Casinos are in for profits and to keep their volume of betting and gambling, and I am sure they are very willing to comply with KYC and AML policy, in order to continue to operate. Mixers cannot do that, obviously, hence why they are mainly targeted by authorities worldwide.
They are not illegal Services, by the way, they are in a grey zone, but the use of their services by criminals cannot be ignored.

If some casino found some gambler or patron suspected of money laundering, they would turn that persons data to the authorities, and move on continuing doing business as usual. Mixers cannot do that, since they do not ask for personal data to begin with.

[EarnOnVictor]

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?

The AML act is not a child's play, it's either a company/business obeys it or faces the full wrath of the law. For clarity, let me establish a point that businesses vary, and so do their exposure, operations/services, they are not just the same thing. This includes their presence/visibility and accessibility/anonymity. This is why you can't compare m!xers with casinos, their business models are not just the same thing.

M!xers' owners are often unknown, they can do and undo and get to go away with it. This is why the government can't make them accountable for their misdeed, but always shut down their means of propagating their service, which is their website and other links they know. This same thing can happen to any casinos that are not registered as well, or the owners can't be traced to face the consequences of their crimes. But if they can be located, what happened to Binance is what will happen to them as the business will continue to run but a fine and jail term could be pronounced against them.

Of course, it's subject to the gravity of their offence.

[OgNasty]

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?

Gambling sites are for sure not a safe place to be committing money laundering. That isn’t their business and they’re heavily regulated against this sort of thing. With mixers there is hope they will fight requests from law enforcement. With casinos they will turn over every piece of information they have on you to guard their business.

[len01]

maybe it could happen but not at popular casinos and maybe if it happened it would only happen to certain individuals who would be confiscated.
I mean if one day there is a new casino that allows laundering large amounts of money maybe the site will be confiscated but it will not affect other casino sites because of course we all here know that the popular casinos here have a valid license and usually if the casino is licensed it will give taxes to country and this will be a little safe because it makes a good contribution and on the one hand, licensed and popular casinos will definitely maintain their reputation so that if a gambler deposits a large amount, the casino will ask for KYC from the first level to the last KYC level to be able to identify source of the gambler funds.
but the problem now is that privacy will be rendered nonexistent due to KYC.

[Taskford]

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?

If that's the case I guess they might experience what mixers get and for sure they will be eliminated on the scene. But I guess no criminals will use a casino that which strictly implementing a AML policy since this could give a easy trace for them. So with that we can conclude that Government compliant casino is for sure a not option for frauds to go but rather they will stick on the mixers who's still operating outside of this forum and market their site to other platform. I don't think this mixers will go away but rather they find another way to market their services since this is huge business and provably they would not afraid on government crackdown operation towards this kind of services.

If a casino will not do any KYC or License then openly do this illegal businesses then for sure they will be seized by government. But those remain legitimate and comply each requirements ask by government will provably stay.

[Z390]

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?

This is not something to even talk about, if mixers are regulated we probably won't be having this discussion right now, but mixers are not, now compare it to casinos that are regulated, they are far different from each other, one is permitted by the law and the other is trying to run anonymously which attracts criminals to the idea of moving money without no one knowing.
I will like to tell you that no casino that's regulated can be use for money laundering, because the rules of the regulators are going to pin hard on them forever, this is why they can't say no to KYC verification from all their customers, it's not them asking for this but the regulators, this is why I don't blame any online casinos asking their customers for KYC regulation.
The fact is if any casino is going to do illegal activities on their platform they won't be regulated in the first place, like I've used to say that online casinos that are not regulated or have no-kyc can easily turn to scam, because it means they aren't regulated, they are running their platform illegally.

[Wiwo]

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?

Gambling sites are for sure not a safe place to be committing money laundering. That isn’t their business and they’re heavily regulated against this sort of thing. With mixers there is hope they will fight requests from law enforcement. With casinos they will turn over every piece of information they have on you to guard their business.

sure but then what do we to hide After all, in reality, no one can hide from the law because the world itself is not designed any exist in one man, so much so it is that when or if you use mixer the law if they want to cash up with you, there will get through to you in whatever form you want them to, this is why we may never have 100% privacy because imagine when a mixer gets seized, all users data will be collected and put true forensic analysis.

This is why we must know the distinction between gambling and Bitcoin mixer which are all in different classes and operations.

[serveria.com]

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?

I don't think such fate awaits crypto casinos. Online casinos have been around even before crypto emerged and they have always been considered high-risk businesses. Yet nobody tried to ban casinos completely. This is possibly because unlike gambling, the sole purpose of mixers is to "launder" Bitcoin.

[maydna]

If a crypto casino violates the regulations set by the government, the crypto casino will clearly receive sanctions from the government, and the crypto casino can be asked to close its business. That is why, for now, crypto casinos must be more careful and vigilant regarding suspicions of money laundering that may have been used in crypto casinos. And for well-known casinos, it looks like they will tighten their rules even more to comply with government regulations. Crypto casinos involved in money laundering will definitely be subject to sanctions by the government because they have carried out illegal activities in running their business.

[Hirose UK]

I will like to tell you that no casino that's regulated can be use for money laundering, because the rules of the regulators are going to pin hard on them forever, this is why they can't say no to KYC verification from all their customers, it's not them asking for this but the regulators, this is why I don't blame any online casinos asking their customers for KYC regulation.

Yes, the KYC request is none other than one of them to prevent money laundering, which if it happens and is known by legal authorities, the casino will also be one of the suspects because it has allowed money laundering to occur.
From here, the casino has big chance of getting into trouble and taking justice in this case, so that even worse, the casino will be subject to sanctions including prohibitions or confiscation carried out by the government or legal authority handling the case.
So far, we as gamblers must also respect and accept the casino decision in requesting KYC because it is form of support in suppressing money laundering activities.

The fact is if any casino is going to do illegal activities on their platform they won't be regulated in the first place, like I've used to say that online casinos that are not regulated or have no-kyc can easily turn to scam, because it means they aren't regulated, they are running their platform illegally.

But no one knows whether the casino is doing illegal actions or not because of course they hide everything from anyone.
Of course things like that happen because there is no regulation from the start and indeed they have the potential to be casino with fraud or with illegal activities.
Moreover, as time goes by, every casino will ask for or have KYC requirements for all their customers.

[rodskee]

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?

maybe the Decentralized platform will need to deal with it because the centralized casino in
which majority in our site now is going then those are free and safe from any issues from the government not
unless they will act to consent those activities then it is their faith to decide.but the problem with Decentralized
casino is what those Money launderer will take advantage yet , some of those site will have advantage as well
because in the end they will only ask KYC for those unusual activities from account and boom , they can hold
their money lol.

[TopTort777]

I am curious how people laundry their money from online casinos. Making a deposit, and then make a withdrawal of clean money? I think most of casinos, at first will have an alarm triggered when they receive funds from shady addresses, and second they will ask to wager deposited amount. I would feel really bad if I would deposit a hundred thousand and lose it due to getting 1.00 when I have bet on a "safe bet" like 1.01. Few such losses with scare any searching for money laundry guy. Casinos could always ask for KYC and freeze funds for investigation. And even if criminals are ok with loosing money and laundering, isnt mixers fee are lower than taxes casinos pay?

[GigaBit]

maybe it could happen but not at popular casinos and maybe if it happened it would only happen to certain individuals who would be confiscated.
I mean if one day there is a new casino that allows laundering large amounts of money maybe the site will be confiscated but it will not affect other casino sites because of course we all here know that the popular casinos here have a valid license and usually if the casino is licensed it will give taxes to country and this will be a little safe because it makes a good contribution and on the one hand, licensed and popular casinos will definitely maintain their reputation so that if a gambler deposits a large amount, the casino will ask for KYC from the first level to the last KYC level to be able to identify source of the gambler funds.
but the problem now is that privacy will be rendered nonexistent due to KYC.

I think this will be a big problem for the company that are not licensed. Moreover, KYC can play a special role to avoid such problems. Gamblers who will use a particular site to spread their money unethically will have such problems if the authorities of those sites do not cooperate with the government in this matter. Here all those users must be identified. All general gamblers can have problems due to several factors. Of course, casino authorities should exercise due caution in this usage. Sites that have been operating within the rules for a long time will have no problem if no illegal activity is found. If KYC is done properly I think money laundering can be avoided. Moreover, even if quick action is taken against the accounts in which such illegal activities are seen, it will not be difficult to identify the criminal.

[Weawant]

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?

I feel casinos do have policies against money launders and what it implies is that if it is made known to the casino that a sure is using their platform for such activities, they reserve the right to turn such person in to the authorities of their region of operation and that's why they require KYC at some point.

These casinos knowing that their reputation may be at stake regarding money laundering deals they will definitely keep to their policies and keep culprits out of their platforms to avoid the wrath of the authorities but when it turns out the casino has no policies against such then they obviously may stand a chance to be targets of the authorities, and ofcos the law will always take it's cause if these casinos are at any point found guilty to have supported laundry using their platforms.

[Litzki1990]

The government may tighten its regulations on crypto casinos and monitor them more closely so they can see if crypto casinos are involved or not involved in money laundering cases. Maybethis may trigger crypto casinos to tighten their regulations on their users, and we should be prepared if that happens. Crypto casinos may immediately implement KYC procedures at the start of registration due to new regulations imposed by the government on crypto casinos. But that's just speculation and estimation and we should wait for further information from the casino. This will also prevent scam casinos from developing because they cannot comply with government regulations. But we'll see how things develop in the near future.

This can be a guarantee for online casinos if they require KYC verification before getting official approval. Online casinos or gambling sites can cheat so if new casinos have KYC verification then members can gamble there safely. If the casino sites cheat then the victims of that fraud are the users but in this case we have to take utmost care and play gambling in online casinos. Online casinos are full of gambling, so you should choose the sites that are relatively low risk and the sites that are somewhat trustworthy in conducting your gambling activities.

[Viscore]

I am curious how people laundry their money from online casinos. Making a deposit, and then make a withdrawal of clean money?

That's the process, at least those money are already mix in the casino and whatever the gambler will receive are the funds coming from a casino. So it's likely clean already if the person's name is still not known to the authorities.

I think most of casinos, at first will have an alarm triggered when they receive funds from shady addresses,

How would they determine a shady address? If it's coming from a mixer, that doesn't automatically mean that the user are into money laundering.
It will only become shady once there's a memorandum from their regulators to freeze transactions of a certain person who are in the list for such illegal activities.

and second they will ask to wager deposited amount. I would feel really bad if I would deposit a hundred thousand and lose it due to getting 1.00 when I have bet on a "safe bet" like 1.01. Few such losses with scare any searching for money laundry guy. Casinos could always ask for KYC and freeze funds for investigation. And even if criminals are ok with loosing money and laundering, isnt mixers fee are lower than taxes casinos pay?

I think sports betting game is a safer way to launder money.

Just an example, you bet on a certain game to a team with 1.90 odds, and you also deposited on the other site betting on the opposite team with 1.90 odds. Regardless of the outcome, launderers will still be able to cash out 90% of the bet, which give casino 10% cut without knowing the gambler is already into money laundering.

[Crypt0Gore]

You are free to do any illegal activities if you are the owner of the casinos and it's not registered, but I doubt it will last long, because any unregulated casino can't be trusted, only foolish users who don't know how important a regulation is for a new online casino will be the customers of these unregistered casinos.

You can't hide for long if your casino is regulated and you are still using it for illegal funding, there is always a foot print left behind when you do something illegal online, believe me, even criminals that use Tor and strong tools to hide their human trafficking crimes online still got caught.

Crime never pays and strongly advice people to abstain from such crimes, one thing will always lead to another that will expose you, you can run it for years but one thing will surely lead to another and you will be exposed, stay away from crime.

[alastantiger]

If you play at a regulated casino, where you are required by law to submit your KYC details then, you do not have to be bothered about money laundering because there is no way that such criminal activity can happen there without going on noticed. We can say that these casinos are centralized because all of your dealing and transactions are being monitored for any suspicious activities. Also, your account is at the risk of being closed, or banned once that system detects suspicious activities. From this article, the type of crypto casino site where money laundering occurs have the following characteristics

• Crypto casinos that are unlicensed, unregulated, or Tor-based gambling
• Crypto casinos that do not require any KYC, and make an open commitment to protecting
  anonymity of users
• Crypto casino sites that do not publish information about their ownership or
  their jurisdiction of registration
• Crypto casino sites that do not impose limits on volumes and values of
  cryptoasset used

[topbitcoin]

~

I agree with you on a number of things, but also you forget to mentioned that casinos already have a system in olace to make miney laundering a hard thing to achieve in gambling and that way, any attempts will only get the criminal tendency of losing the money due to wagering conditions, because most of the centralized casinos already have a condition on their deposits and witdrwals which make it impossible for money luanderers to use casino as a safe heaven for their criminal activities.

For legal casinos, I'm pretty sure that they implement a system that makes it difficult for some people to launder money. But nowadays, as gambling activities continue to increase and become a popular activity, this has led to the emergence of new casinos, both legal and illegal, so that the activities of each casino become less controlled. And this opportunity is used by intermediaries to trick the institutions that oversee every gambling activity.
But even so, legal casinos are very careful in carrying out money laundering actions because this will threaten the sustainability of the casino place he owns.

Also in my country, gambling is a legal activity and at that, and we have policies that mandate every deposit to meet some requirements before being withdrawable, so for gamblers, they already know that any deposits must meet such requirements so that is a bad market for money launderers since they may lose the entire deposits in the process of trying to meet the wagering requirements.

Maybe it is a certain step to prevent money laundering by some people who play in these activities. And if this system can be applied in every casino circulating in a number of countries, then at least criminal acts (money laundering) can be resolved.

[Awaklara]

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?

Several casinos have also anticipated this kind of thing by implementing KYC. The same thing happens in some cases of exchange platforms. they suddenly made new regulations regarding their members who had to complete data verification.
If there are transactions that are indeed suspect, there may be a government focus on non-KYC casinos. This is very possible to happen, and when that time comes there will probably be several casinos that might be involved in the case.

[Blitzboy]

Money laundering from mixers to crypto casinos is a major concern. The mixer crackdown may reroute illegal flows to casinos, but the business wont die. Why? Because AML policies already monitor crypto casinos. Criminals adapt, but so do regulations. But are present AML policies strong enough to handle this possible surge? The government's mixer seizure shows the dangers of lax regulation. Crypto casinos must adapt and impose strict AML to survive. Government involvement is likely if they fail. How can these platforms evolve to beat launderers and meet regulations? The industry has a huge challenge, but it can also demonstrate its integrity and compliance.

[livingfree]

That is why they have KYC in order for them to track down money laundering activities. Because if there is no kyc for most casinos, they have already been flagged down by the government.

But since they comply and they do it with due diligence and enforcing it, they wont be hot in the eyes of the regulators.

True! KYC is the key, but there are many gamblers or users of the website with KYC don't want to undergo KYC as they concern about their information without knowing that KYC serves as their security and the casino's compliance to the law, you see as you said KYC is implemented to avoid money laundering to track the doer if they did something like illicit activities including money laundering, crypto casino gambling sites are being subject to be used by those who has illicit activities, so this should be a lesson for everyone that no matter what your concern is comply in KYC first because some or mostly crypto casino do requires KYC first before you can withdraw your money, to avoid locking of funds. Also, you will comply with KYC if you know you will not be doing anything; otherwise, you will have a problem withdrawing your funds from the platform.

There are casinos that don't want also to ask customers with KYC but as the government hardly enforcing their policies and regulations, the casinos have to obey. And if they're giving some privilege of not asking for KYC for many players, enjoy it because you'll never know that soon they'd be enforcing it as mandatory to everyone.

While there are still few that are in existence that are kyc-free but it doesn't mean that they wouldn't ask for kyc for the other customers that they have.

And when there's the suspicion of the casino from a certain customer, then that's one reason why they enforces it to one.

[Wiwo]

Money laundering from mixers to crypto casinos is a major concern. The mixer crackdown may reroute illegal flows to casinos, but the business won't die. Why? Because AML policies already monitor crypto casinos. Criminals adapt, but so do regulations. But are present AML policies strong enough to handle this possible surge? The government's mixer seizure shows the dangers of lax regulation. Crypto casinos must adapt and impose strict AML to survive. Government involvement is likely if they fail. How can these platforms evolve to beat launderers and meet regulations? The industry has a huge challenge, but it can also demonstrate its integrity and compliance.

I believe that casinos have some anti-mixer mechanism,  I am just assuming though,  because some exchanges already have such features in place to detect mixed coins,  and detect bitcoins,  this way every inflow from mixers may result in account limitation and investigations,  which sometimes is part of the anti-money laundering rules that comes with the license.

So we all have nothing to worry about when it comes to money laundering control in casino, The gambling system is more secure and it have a wager mechanism that puts every deposit at risk.

[Westinhome]

I believe that casinos have some anti-mixer mechanism,  I am just assuming though,  because some exchanges already have such features in place to detect mixed coins,  and detect bitcoins,  this way every inflow from mixers may result in account limitation and investigations,  which sometimes is part of the anti-money laundering rules that comes with the license.

So we all have nothing to worry about when it comes to money laundering control in casino, The gambling system is more secure and it have a wager mechanism that puts every deposit at risk.

The mixing had their own special features compared to the exchange will give some mixer benefit.But the cause of the ban of the mixer because of the SINBAD mixer involved in the money laundering.But the crypto currency had their benefits.The new people was back to the crypto now because of the bull market in the crypto currency main the bitcoin price had touched 41k dollar now.This also increase the gambler to the crypto currency based gambling sites.Keeping the crypto currency in the exchange not give us more return like using the bitcoin in the gambling site.Most of the gambling site based on the crypto currency will have their own demand during the bull market of the bitcoin price.

[AbuBhakar]

I believe that casinos have some anti-mixer mechanism,  I am just assuming though,  because some exchanges already have such features in place to detect mixed coins,  and detect bitcoins,  this way every inflow from mixers may result in account limitation and investigations,  which sometimes is part of the anti-money laundering rules that comes with the license.

So we all have nothing to worry about when it comes to money laundering control in casino, The gambling system is more secure and it have a wager mechanism that puts every deposit at risk.

The mixing had their own special features compared to the exchange will give some mixer benefit.But the cause of the ban of the mixer because of the SINBAD mixer involved in the money laundering.But the crypto currency had their benefits.The new people was back to the crypto now because of the bull market in the crypto currency main the bitcoin price had touched 41k dollar now.This also increase the gambler to the crypto currency based gambling sites.Keeping the crypto currency in the exchange not give us more return like using the bitcoin in the gambling site.Most of the gambling site based on the crypto currency will have their own demand during the bull market of the bitcoin price.

Sinbad mixer triggers the restriction to mixers here in the forum but the real reason why Theymos ban them in general since this happened multiple times already for a short period of time while we all know how stricter the US authorities can be on platforms that promoting illegal services.

Let’s not blame Sinbad alone on this restriction because this will not happened if the authorities is not showing a possible threat for us here in the forum. I remember reading some of the participants of Sinbad mixers having problem on exchange since the funds that came from the escrow wallet is already sanctioned.

[Wakate]

I believe that casinos have some anti-mixer mechanism,  I am just assuming though,  because some exchanges already have such features in place to detect mixed coins,  and detect bitcoins,  this way every inflow from mixers may result in account limitation and investigations,  which sometimes is part of the anti-money laundering rules that comes with the license.

So we all have nothing to worry about when it comes to money laundering control in casino, The gambling system is more secure and it have a wager mechanism that puts every deposit at risk.

The mixing had their own special features compared to the exchange will give some mixer benefit.But the cause of the ban of the mixer because of the SINBAD mixer involved in the money laundering.But the crypto currency had their benefits.The new people was back to the crypto now because of the bull market in the crypto currency main the bitcoin price had touched 41k dollar now.This also increase the gambler to the crypto currency based gambling sites.Keeping the crypto currency in the exchange not give us more return like using the bitcoin in the gambling site.Most of the gambling site based on the crypto currency will have their own demand during the bull market of the bitcoin price.

It could be very difficult for money laundering to be traced in a non KYC casinos. This is one of the reasons why the government are very strict at making more online companies to ask for KYC so that they would be able to trace any act of money laundering and bring them to book. Sometimes, casinos are able to trace how we engage in gambling and what source our money is coming from. Cryptocurrency gambling is fun but we also need to be on a reliable casinos or else we might end up complaining forever after we had lost our funds due to betting on a scam casinos.

[STT]

Casinos dont conceal anything especially and arent fit for that purpose so I doubt there is much danger of it.  The mixer problem was they intended to hide sources and so on and it had happened prior that some users were questionable in their business so the trouble followed those bad sources apparently.
  If anything the casino business is open and trying to show open bets, exact odds and outcomes to encourage confidence in their business it seems quite opposite to mixer concealment where they promise not to ever disclose the various traces to ins and out of all the coins mixed.  I dont see them as the same at all and the question would apply to every business probably in any case.

[AmoreJaz]

I believe that casinos have some anti-mixer mechanism,  I am just assuming though,  because some exchanges already have such features in place to detect mixed coins,  and detect bitcoins,  this way every inflow from mixers may result in account limitation and investigations,  which sometimes is part of the anti-money laundering rules that comes with the license.

So we all have nothing to worry about when it comes to money laundering control in casino, The gambling system is more secure and it have a wager mechanism that puts every deposit at risk.

The mixing had their own special features compared to the exchange will give some mixer benefit.But the cause of the ban of the mixer because of the SINBAD mixer involved in the money laundering.But the crypto currency had their benefits.The new people was back to the crypto now because of the bull market in the crypto currency main the bitcoin price had touched 41k dollar now.This also increase the gambler to the crypto currency based gambling sites.Keeping the crypto currency in the exchange not give us more return like using the bitcoin in the gambling site.Most of the gambling site based on the crypto currency will have their own demand during the bull market of the bitcoin price.

It could be very difficult for money laundering to be traced in a non KYC casinos. This is one of the reasons why the government are very strict at making more online companies to ask for KYC so that they would be able to trace any act of money laundering and bring them to book. Sometimes, casinos are able to trace how we engage in gambling and what source our money is coming from. Cryptocurrency gambling is fun but we also need to be on a reliable casinos or else we might end up complaining forever after we had lost our funds due to betting on a scam casinos.

do take note that most casinos have their wagering requirements before pulling out your funds from them. this is already a counter measure for possible mixing activity on their site. or at least after you deposit your funds, you wagered some of them and not totally doing the in and out scenario of your funds. that's clearly washing your coins there.
with the crackdown of mixer business, for sure, they will be more strict towards gambling sites, especially those which are not yet licensed.
as the KYC/AML policy is already integrated to those licensed casinos/bookies, i believe the government or authorities are relying that these sites are complacent with their terms and enforcing such policy to their users.

[Cookdata]

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?

I don't know why I find this funny but I hope you know that even the small club around your area launder money every week through the illicit drugs they sell and also other criminal activity you can mention but I understand that gambling and mixers are the current problem because of the current hunt down by the government officials but just know that any business that is involved in legit sales can launder money and your government may never find out anything going down like that when they investigate.

Now in gambling, I want you to understand one thing, when you deposit money into gambling, the coin(bitcoin and other altcoins) into their single hot wallets and after you start using the money to bet, they withdraw it to their main hot wallet until when you are ready for withdrawal they send from their hot wallets again and they have many of them. They know that anyone will want to clean their money through that process, so they have a policy which is, you need to first wager atleast an amount before you can withdraw and that process can make you loss some amount to the casino, so when anyone plan to do such, they can end up losing half amount of what they deposit in the casino. Through this, many of them ignore casino to launder money.

[BitcoinTurk]

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?

All businesses that provide casino services with cryptocurrencies which have all legal permits and licenses, take all necessary precautions to avoid being used for money laundering. For example, after a user creates a membership to use this service he/she goes through the identity verification, users place minimum bets equal to the money they deposit and similar security measures prevent this service from being used to launder money. In addition, it becomes more difficult to carry out money laundering through such services if certain legal procedures determined by various regulations are followed. Of course, malicious people can find a different method for this and use it to launder money again but this possibility is very low and the casino service used has the option of restricting the accounts of these people and not transferring money to their accounts or wallets.

In summary, if this type of business meets all legal requirements and has licenses, using this business to launder money will not be an easy process and this will not put businesses that offer gambling services with cryptocurrency in a difficult situation.

[Agbe]

This is a very good question. Really money launders will definitely use casinos to launder money so when it happened what the admin will do? And these mixers and casinos are the things that making the forum lively. But since cryptocurrency casinos normally ask for KYC the money laundering in the casinos will not strong as mixers and in casinos they can be regulated because of the KYC so there will be a limit in it. Money laundry will not be automatically fade away  or eliminated from the cryptocurrency ecosystem industry so the best ways is to manage or regulate them in the space. Because if we follow them to ban companies them no company will exist at the end. In a mixer there is no limit of transaction but there is a limit of cryptocurrency casinos for transportation. Even the ones that there is no limit, once they detect a large amount they would ask for KYC. Casinos will be ban but there will be a kind of regulations.

[darkangel11]

If a casino allows you to exchange cryptocurrencies to cash and the other way round, like they allow you to deposit fiat and withdraw crypto, they may be in trouble, but if they only allow cryptocurrencies in and out, what laundering are we talking about? The person came with bitcoin end left with bitcoin. If the bitcoin they had came from a hack, they have KYC procedures to know who deposited it.
IMO it's the exchange that is responsible for laundering most of the time, because they allow someone to turn their crypto (that may come from extortion, theft, and so on) to be exchanged into fiat money.
They should make sure they check client data, since using fiat money can put them on the government's radar. Every time you use fiat, you agree to all the laws this fiat money brings to the table.
Simple solution is to avoid fiat money, exchange crypto on decentralized exchanges and government can kiss your ass.

[Aanuoluwatofunmi]

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?

Some actually believed that mixers and gambling platforms do share the common means of transaction anonymity and the likes, but we must also understand that they are two different things entirely, but we need to see the way forward first, if the entire mixers outside the forum can also be banned or not and if the use of gambling platforms can be changed or not from the way it has always been.

[BitcoinPanther]

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?

I think the fate of crypto casino is no different than the non-crypto casino.  As you see crypto casino never mix cryptocurrency, the deposit records can be seen on the blockchain and the address where the funds came from is not masked unless the player use mixers for the crypto fund transfer.

Aside from that, crypto casino is required to have license to operate legally, those that have no license to operate is tagged as illegal and will be shutdown if caught.  Casino owner often implement KYC so that they can have records of their users and the government won't suspect the casino harboring money launderers because with the information of their players, they can easily track the identity of any transaction made on the casino.

[sokani]

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?

This is not a total shutdown of mixers, they're only banned on Bitcointalk, so they'll still be in business because they're going to take their ads to somewhere else.

Most projects advertising their services on the forum are normally under public scrutiny to make sure that they're real and they deliver top notch services. This in a way gives users some kind of trust. With mixers ban on the forum, it might help to increase the activities of money laundering through casino as visitors may not be able to know some of the reputable mixers to use and may have to resort to casino. That being said, Casinos are registered and regulated businesses and as long they're regulatory compliant, I don't see them getting shutdown.

[Lanatsa]

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?

This is not a total shutdown of mixers, they're only banned on Bitcointalk, so they'll still be in business because they're going to take their ads to somewhere else.

Most projects advertising their services on the forum are normally under public scrutiny to make sure that they're real and they deliver top notch services. This in a way gives users some kind of trust. With mixers ban on the forum, it might help to increase the activities of money laundering through casino as visitors may not be able to know some of the reputable mixers to use and may have to resort to casino. That being said, Casinos are registered and regulated businesses and as long they're regulatory compliant, I don't see them getting shutdown.

But government is really that trying out their best on trying to crack down these mixers and with the current legal issues then it is really just that right that Theymos did decide not to make any involvement with mixers anymore here into this forum to avoid some future problems in regarding to this which i do see its a wise move that had been done. Anyone or anything that do get involved with mixers then expect
that there might be some potential problems that they could really be able to experience ahead. Money laundering on crypto casinos had been long time resolved and this is via the application of KYC
and having that 1x wagering requirement of deposits.

On this way or method, they would definitely be able to avoid up those things like money laundering. Just like been said by others that no money launderer would be making
use of gambling platforms for them to make use on cleaning up those tainted money but instead they would be looking on something alternative.

[avp2306]

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?

This is not a total shutdown of mixers, they're only banned on Bitcointalk, so they'll still be in business because they're going to take their ads to somewhere else.

Most projects advertising their services on the forum are normally under public scrutiny to make sure that they're real and they deliver top notch services. This in a way gives users some kind of trust. With mixers ban on the forum, it might help to increase the activities of money laundering through casino as visitors may not be able to know some of the reputable mixers to use and may have to resort to casino. That being said, Casinos are registered and regulated businesses and as long they're regulatory compliant, I don't see them getting shutdown.

People think wrong about this current situation happen they though Mixers will gone but they are wrong this will still exist but It maybe hard for new mixer launch to locate since they don't have bitcointalk platform to help them introduce their services. For sure this current existing mixers will also gone due to government active efforts to crackdown this services but for sure there are still mixers will exist even if they can't advertise their site here.

Casinos will be the lest platform they could go since most of casino have KYC so maybe they don't like to submit their details that's why they might still find those mixers reliable and stick with it. Although Mixers might get less activities due to this banning issue in bitcointalk but they can still market their site to other big platforms so for sure they can be seen by people who's actively browsing those crypto big site.

But eventhough with this discussion I don't think casino with have necessary legal documents can be shutdown anytime soon for sure they continue to exist here.

[ultrloa]

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?

I think the fate of crypto casino is no different than the non-crypto casino.  As you see crypto casino never mix cryptocurrency, the deposit records can be seen on the blockchain and the address where the funds came from is not masked unless the player use mixers for the crypto fund transfer.

Aside from that, crypto casino is required to have license to operate legally, those that have no license to operate is tagged as illegal and will be shutdown if caught.  Casino owner often implement KYC so that they can have records of their users and the government won't suspect the casino harboring money launderers because with the information of their players, they can easily track the identity of any transaction made on the casino.

They can wash it and make it look like they are doing legitimate withdrawals on casinos that's why they can exploit it and use casino as the destination to wash up their crimes done. That's why they might be the next option especially if casino owners are not so careful regarding on this activity.

But they can avoid their casino to be used on money laundering and that is implement a KYC with selfie verification and wager requirements for sure with this those frauds will think about using it because they don't want their face to be expose. Although some other people might dislike the idea especially on selfie verification but if we want to make those reputable casino safe from being used to any illegal activities then I guess we need to have this so that they would not eliminated on this forum same on what happen to mixers.

[Vaskiy]

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?

This is not a total shutdown of mixers, they're only banned on Bitcointalk, so they'll still be in business because they're going to take their ads to somewhere else.

Most projects advertising their services on the forum are normally under public scrutiny to make sure that they're real and they deliver top notch services. This in a way gives users some kind of trust. With mixers ban on the forum, it might help to increase the activities of money laundering through casino as visitors may not be able to know some of the reputable mixers to use and may have to resort to casino. That being said, Casinos are registered and regulated businesses and as long they're regulatory compliant, I don't see them getting shutdown.

End of the day everything is business. Whether it is a gambling platform, mixer, or something else connected with cryptocurrency. The prime purpose is to make money out of it. It can be the owners who want profit and the customers who want things to be dealt in a secure way. Money laundering isn't new, it had been followed long back itself. Now the mixers gave an easy way and that had been well utilised by the launderers. As said the restriction in our forum is good, but people continue using it and I don't think much of them will jump to gambling platforms for the purpose of money laundering.

[letteredhub]

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?

Unlike mixer the casinos already have preventive measures in place against money laundry activities through their domain's, their policies as a T&C for users to abide by already gag the user from taking such steps and any suspicious activity by any account they are usually seized, and with the compliance synergy these casinos has with the government in terms of it's operations before now  I don't think AML policy is anything new to casinos. They already have the KYCed forceful way of requesting from the customer, which is, after you must have deposited and want to make withdrawal of huge amount you will be asked to pass kyc as a compulsory condition to make withdrawal successful. That's why I said it's ain't a big deal for casinos in this regard.

[ralle14]

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?

That used to be a problem with some crypto casinos, and now that most of them have rules against money laundering, it shouldn't become a big problem like before unless there's some form of insider that would allow this to happen and bypass the restrictions. It's still possible for casinos to get taken down, but in my view, the chances are much lower than the mixers when they're more than willing to follow and avoid those situations, knowing that more money can be made as long as they keep operating.

[ethereumhunter]

This can be a guarantee for online casinos if they require KYC verification before getting official approval. Online casinos or gambling sites can cheat so if new casinos have KYC verification then members can gamble there safely. If the casino sites cheat then the victims of that fraud are the users but in this case we have to take utmost care and play gambling in online casinos. Online casinos are full of gambling, so you should choose the sites that are relatively low risk and the sites that are somewhat trustworthy in conducting your gambling activities.

Indeed, online casinos can deceive their members by carrying out KYC verification. But with the government tightening its regulations, it is unlikely that scam casinos will be able to carry out their plans so easily as all online casinos may come under closer scrutiny. Scam casinos may also decrease because these casinos may be detected by the government as scam casinos so that the government can immediately act to catch them. We must be able to choose a trusted casino that we find through research, especially by looking for trusted casinos from this forum so that we will not get fraud from those scam casinos.

[rodskee]

Money laundering from mixers to crypto casinos is a major concern. The mixer crackdown may reroute illegal flows to casinos, but the business won't die. Why? Because AML policies already monitor crypto casinos. Criminals adapt, but so do regulations. But are present AML policies strong enough to handle this possible surge? The government's mixer seizure shows the dangers of lax regulation. Crypto casinos must adapt and impose strict AML to survive. Government involvement is likely if they fail. How can these platforms evolve to beat launderers and meet regulations? The industry has a huge challenge, but it can also demonstrate its integrity and compliance.

I believe that casinos have some anti-mixer mechanism,  I am just assuming though,  because some exchanges already have such features in place to detect mixed coins,  and detect bitcoins,  this way every inflow from mixers may result in account limitation and investigations,  which sometimes is part of the anti-money laundering rules that comes with the license.

So we all have nothing to worry about when it comes to money laundering control in casino, The gambling system is more secure and it have a wager mechanism that puts every deposit at risk.

actually it is not Anti mixing is what they have but their security will be alarmed once there is
 a flow of funds entering and exiting with questionable act , in that their system will detect and will hold that said funds ,
this happens in other players that decide to not continuing to play and withdrawing their deposited money just after the
handling and yes they are being denied of withdraw , maybe this is how the site prevent being used as laundering part
while in the past this is the best way to mix funds.

[TopTort777]

I am curious how people laundry their money from online casinos. Making a deposit, and then make a withdrawal of clean money?

That's the process, at least those money are already mix in the casino and whatever the gambler will receive are the funds coming from a casino. So it's likely clean already if the person's name is still not known to the authorities.

I still dont understand how they can be 100% clean, when you deposit on same address all the time, and get a withdrawal from same address. I think they generate input/output address for each user, so you basically dont clean anything.

I think most of casinos, at first will have an alarm triggered when they receive funds from shady addresses,

How would they determine a shady address? If it's coming from a mixer, that doesn't automatically mean that the user are into money laundering.
It will only become shady once there's a memorandum from their regulators to freeze transactions of a certain person who are in the list for such illegal activities.

I am not 100% sure how things work, but for example if you use bestchange, find exchange and deposit on their address funds that were on dirty wallets, alarm get triggered, your exchange gets on hold and their (exchange) fiat card/account (if you want to exchange crypto>fiat) gets a permaban in most cases. If exchanges have this, then I think casinos also have this feature.

and second they will ask to wager deposited amount. I would feel really bad if I would deposit a hundred thousand and lose it due to getting 1.00 when I have bet on a "safe bet" like 1.01. Few such losses with scare any searching for money laundry guy. Casinos could always ask for KYC and freeze funds for investigation. And even if criminals are ok with loosing money and laundering, isnt mixers fee are lower than taxes casinos pay?

I think sports betting game is a safer way to launder money.

Just an example, you bet on a certain game to a team with 1.90 odds, and you also deposited on the other site betting on the opposite team with 1.90 odds. Regardless of the outcome, launderers will still be able to cash out 90% of the bet, which give casino 10% cut without knowing the gambler is already into money laundering.

I think casino will notice such regular cash-outs and will start an investigation. Imho such tactics wont last long for a criminal. Soon he will get banned from most of casinos and his address will get into blacklist.

P.S. I am not an expert in money laundering, so I am just guessing

[avp2306]

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?

Unlike mixer the casinos already have preventive measures in place against money laundry activities through their domain's, their policies as a T&C for users to abide by already gag the user from taking such steps and any suspicious activity by any account they are usually seized, and with the compliance synergy these casinos has with the government in terms of it's operations before now  I don't think AML policy is anything new to casinos. They already have the KYCed forceful way of requesting from the customer, which is, after you must have deposited and want to make withdrawal of huge amount you will be asked to pass kyc as a compulsory condition to make withdrawal successful. That's why I said it's ain't a big deal for casinos in this regard.

That's what measure they do and it make them legitimate business because they are running a legal business here. i doubt those compliant casino will be the destination of frauds since for sure they also know that the money they stolen will get intercepted there. So if people ask about this if fraud can still do their thing on a government regulated sites then well I don't think that this one will happen since for sure casino owners will protect their business and will not participate on any money laundering things since this is bad for their business.

[kotajikikox]

This can be a guarantee for online casinos if they require KYC verification before getting official approval. Online casinos or gambling sites can cheat so if new casinos have KYC verification then members can gamble there safely. If the casino sites cheat then the victims of that fraud are the users but in this case we have to take utmost care and play gambling in online casinos. Online casinos are full of gambling, so you should choose the sites that are relatively low risk and the sites that are somewhat trustworthy in conducting your gambling activities.

Indeed, online casinos can deceive their members by carrying out KYC verification. But with the government tightening its regulations, it is unlikely that scam casinos will be able to carry out their plans so easily as all online casinos may come under closer scrutiny. Scam casinos may also decrease because these casinos may be detected by the government as scam casinos so that the government can immediately act to catch them. We must be able to choose a trusted casino that we find through research, especially by looking for trusted casinos from this forum so that we will not get fraud from those scam casinos.

is there any scam casino owners   that had been in the bars now? I mean is there any one at least ? i tried searching here in forum but there seems to be none that makes it clear because I think there are no complete case to be filed if they are scamming players just by banning their account because of none KYC verifying or because they are caught being cheater in casinos?
in this those scam sites are making their place in crypto casino and yes scamming their players but not putting behind bars.

[Z_MBFM]

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.

Mixer sides were decentralized due to which money laundering could be easily done here with complete anonymity. However, it is very impossible to launder money by keeping yourself secret through casino sites because here if you want to deposit or withdraw a large amount, they will demand kyc from you. In this case, your privacy will not be preserved in any way

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?

Mixer has not been around for a long time and advertising on this forum has only been around for a few years now. But casino sites have been in the market for years and have been advertising on this forum.  So I don't think casino sites like mixer can be banned from this forum

[Winterfrost]

Money laundering has been going on for a long time and crypto is not an exception. Any business that has to do with putting in and removing of money on a consistent basis whether be it crypto there are possibilities that some laundering activities could be going on. But i wont be certain of that when it comes to crypto casino. Casinos takes regulation as a criteria in ensuring their platform is safe. In the platform they watch how much money is being cashed in and cashed out. There are some limit to the amount you can deposit unless you have passed some ID and security called KYC. They do this so as to avoid all this problems and if a user go against their terms and privacy you will be ban from playing until your appeal will be checked.

[Hypnosis00]

In the platform they watch how much money is being cashed in and cashed out. There are some limit to the amount you can deposit unless you have passed some ID and security called KYC. They do this so as to avoid all this problems and if a user go against their terms and privacy you will be ban from playing until your appeal will be checked.

They don't watch all the time, unless you're a high roller and you are consistently winning, that would make casinos to look into your activities. However, in terms of money laundering, they have a procedure to follow and that is not coming from them, but from the regulators and from time to time they are also getting some new mandates to ensure that money laundering are caught or prevented.

[Wind_FURY]

There is no threat to gambling sites because they are obeying the laws. They have the anti-money laundering policy.

If gambling sites should be affected, organizations that favors money laundering should all be closed down. No bank supposed to be existing again because they are used to launder money. Launderers just get a legit business, then use the business to launder money into bank.

Dirty money used in gambling are also mostly like this. Just as unclean money are in banks.

Plus as posted by theymos, the new rules are more about the concern on a noticeable pattern with mixers that get taken down by the authorities after getting popular enough. Law enforcement probably looks all over the internet, and checks where those mixers were advertised or where they might have a strong presence in cryptocurrency forums, Reddit, and other community platforms. Most of them will always point here in BitcoinTalk, and that probably could be a risk for the forum and its administrators.

Bitcointalk.org aims to allow about as much freedom as is reasonably possible. But this is not a darknet forum, and with mixers looking "grayer and grayer", it's no longer reasonably possible to allow linking to mixers. Even though "a cryptocurrency mixing service is not necessarily illegal," a clear pattern has emerged where mixers pop up, last for a little while, and then get taken down by law enforcement once they get too big. Allowing mixers to be posted on bitcointalk.org before they seemingly-inevitably get declared illegal and seized is not sustainable. Therefore, linking to mixers will no longer be allowed, just the same as linking to darknet sites is already not allowed.

https://bitcointalk.org/index.php?topic=5476162.0

For OP's issue/concern, it's laughable. Apples and Oranges.

[0t3p0t]

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?

If worst thing will happen with crypto casino, I think same with mixing services they will also be banned here on this forum. Crypto casinos I think is under the SEC's regulation and therefore compliant to the law. Unusual activities and transactions on accounts might be suspicious to the authorities and could end up accounts being freezed if proven money laundering.

[aioc]

I believe that casinos have some anti-mixer mechanism,  I am just assuming though,  because some exchanges already have such features in place to detect mixed coins,  and detect bitcoins,  this way every inflow from mixers may result in account limitation and investigations,  which sometimes is part of the anti-money laundering rules that comes with the license.

Casinos are fully aware of the possibility of criminals using their platform to wash their dirty money so I'm sure they have that mechanism, and the KYC is their way to verify the sources of the funds, they even go to the extent of asking for the sources and the screenshots of where the source comes from, money launderers are aware of this, so I don't think money launderers are that ignorant to take those risks when there are options available that they can use.

So we all have nothing to worry about when it comes to money laundering control in casino, The gambling system is more secure and it have a wager mechanism that puts every deposit at risk.

Yes, I believe so, the casino is still safe from money launderers until we hear authorities close down one big casino for money laundering, and so far there is none.

[Wiwo]

For the souls fact that money laundering,  illegal financing and terrorism financing have been on the increase since time past and mostly used is the banking system and a lot of those thief's will rather avoid risking their stolen founds through gambling since their already know that,  there is high possibility for them to lose in trying to meet the wagering requirements for the casino, so for sure,  casino is not the best place to go for them when trying to carry out their money laundering act.

In fact most time those that launder money choose to use cash stashed since they know that with that,  their transactions will be totally untraceable,  it only a few time that,  there can be any possibility of casino becoming tool for money laundering it's upton impossible.

[Dr.Bitcoin_Strange]

There's no way a casino will be ceased, unless for anyone who appears to operate against the policy of their license for operation. If a casino decides to operate like a mixer and it is discovered that any laundering activity is going on with such a casino, then the agency will carry on their investigation to confirm if the suspicion is actually true. Until they verify, they won't act. Mixers are not the same as casinos, so I don't really see casinos being affected in any way.

[Fatunad]

This can be a guarantee for online casinos if they require KYC verification before getting official approval. Online casinos or gambling sites can cheat so if new casinos have KYC verification then members can gamble there safely. If the casino sites cheat then the victims of that fraud are the users but in this case we have to take utmost care and play gambling in online casinos. Online casinos are full of gambling, so you should choose the sites that are relatively low risk and the sites that are somewhat trustworthy in conducting your gambling activities.

Indeed, online casinos can deceive their members by carrying out KYC verification. But with the government tightening its regulations, it is unlikely that scam casinos will be able to carry out their plans so easily as all online casinos may come under closer scrutiny. Scam casinos may also decrease because these casinos may be detected by the government as scam casinos so that the government can immediately act to catch them. We must be able to choose a trusted casino that we find through research, especially by looking for trusted casinos from this forum so that we will not get fraud from those scam casinos.

is there any scam casino owners   that had been in the bars now? I mean is there any one at least ? i tried searching here in forum but there seems to be none that makes it clear because I think there are no complete case to be filed if they are scamming players just by banning their account because of none KYC verifying or because they are caught being cheater in casinos?
in this those scam sites are making their place in crypto casino and yes scamming their players but not putting behind bars.

Wayback into those previous years on which things turns out to be that anonymous on everything, also back into those platforms which its really that something you dont know about its team or simply they are really not doxxed or simply they are anonymous. We've seen scams in the past and its true that its owner didnt really get caught since no one knows about it. Anonymity and non regulated things does have their own
advantage and disadvantages and this is why people would really be having their free choice whether they would be dealing on something that regulated or they would really be opting in into those heavily regulated ones.

Making some laundering money via making use of these platforms is never been that simple or  really just cant that possible and there would really be no money launderer would really be making out
this kind of option on which they do know that they could potentially lose all of those balance specially they would be needing to hit up at least x1 of your deposit and we know
on how risky it would be.

[Webetcoins]

The fate of casinos has nothing to do with what happened to mixers because casinos are not decentralized or promote privacy and anonymity. In contrast, mixers were/are mainly used for these purposes. Besides, just because mixers won't be allowed in the forum, it doesn't mean that mixers will cease to exist, there will be mixers available even after they are banned from here but it's just for as long as the authorities don't decide to take them all down at once.

However, none of that traffic should convert towards gambling because you can't do anything you want on a gambling platform anymore. Those were old times when a user could make huge deposits and withdrawals in cryptocurrency casinos without asking them a single question. Nowadays, the rules are strict and even if you do a very small but unusual thing in a casino, your account will be blocked and you will be asked for KYC verification to unlock it. So, casinos don't have a threat because of what happened.

[ethereumhunter]

is there any scam casino owners   that had been in the bars now? I mean is there any one at least ? i tried searching here in forum but there seems to be none that makes it clear because I think there are no complete case to be filed if they are scamming players just by banning their account because of none KYC verifying or because they are caught being cheater in casinos?
in this those scam sites are making their place in crypto casino and yes scamming their players but not putting behind bars.

Scam casinos can do whatever they want without us knowing, even if it's just a KYC verification problem or because of a withdrawal problem that the casino still needs to process. But usually, the cases that often occur are casinos accusing gamblers of cheating the casino or not wanting to pay gamblers their winnings so gamblers complain about this in forums. And even though gamblers complain on forums, that doesn't mean the casino resolves the cases that occur at its casino. So that is why we have to be careful in choosing the casino.

Money laundering cases could occur in casinos because we as ordinary gamblers also only know if there are cases like that if there is public news saying that the casino is involved in a money laundering case. And that's what we have to avoid by choosing a trusted and popular casino so we don't experience any problems.

[target]

It's usually the casino itself that launders money but it happens mostly in offline casinos. With crypto, there is a chain that can be traced so it's hard to do it unless the casino itself permits the activity making the transactions legal.

Streamers can be used for this kind of money laundering so the future of advertising is one day mixers or casinos are not allowed anymore, I guess streamers win after.

[noormcs5]

This can be a guarantee for online casinos if they require KYC verification before getting official approval. Online casinos or gambling sites can cheat so if new casinos have KYC verification then members can gamble there safely. If the casino sites cheat then the victims of that fraud are the users but in this case we have to take utmost care and play gambling in online casinos. Online casinos are full of gambling, so you should choose the sites that are relatively low risk and the sites that are somewhat trustworthy in conducting your gambling activities.

Indeed, online casinos can deceive their members by carrying out KYC verification. But with the government tightening its regulations, it is unlikely that scam casinos will be able to carry out their plans so easily as all online casinos may come under closer scrutiny. Scam casinos may also decrease because these casinos may be detected by the government as scam casinos so that the government can immediately act to catch them. We must be able to choose a trusted casino that we find through research, especially by looking for trusted casinos from this forum so that we will not get fraud from those scam casinos.

No matter how many scam casino will be busted by the government, still there will be no shortage of scam casino because it won't take much for the scammer to make new casino and try to scam the innocent gamblers.

This does not make the casino business illegal. And therefore there is no chance for the gambling campaigns to be ban on this forum, unless they are big scammers and forum admin prohibits them. (Only the scammers ones).

[Outhue]

Money laundering on casinos are very possible but it can never happen from the customers side, it will or benefit the casino owner if they are corrupt and also I believe it will be easier for them if they are running the casino offline.

I think the most common money laundering strategy involves the conversion of illegal money into physical casino chips, which are played with in different games before they cashed out as clean money, maybe even in form of a check.

This is why running a casino today is not that easy, you have to register the casino and get licensed, also you have to keep paying taxes, I don't use a casino that isn't regulated for this purposes, unregulated casinos are illegal casinos, they are not licensed and they don't pay taxes.

[|MINER|]

If any casino is involved in any such illegal activities by going above the law then of course I think those casinos will be seized like those mixers one day or the other. However, the casinos whose main purpose is scamming is a different matter. However, I don't think such incidents will happen in casinos because we have seen that big well reputable mixers have been seized due to various legal complications. But in the case of gambling, the matter is a little different, all the big gambling casinos are licensed by maintaining the AML policy of the authorities.

[Reatim]

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.

yup but that is for  those Centralized casino that implements KYC process but what about those who are not? I mean those casino that Decentralized maybe that is somewhat we must face for some reason.

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?

this will never happen if those casino will comply and act accordingly  I mean that they will follow all the guidelines government is imposing so they will not be the next target mof each government.
we knew how terrorist is acting these days and yeah this is what was the target of these tightness , also the hackers in online that uses same thing to hide their identity .

[bluebit25]

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?

This issue has similarities, but remember the fact that the flag industry has also been accepted and licensed to operate easily in many places. Regarding money laundering, there is no one tool to blame. Because, even when it is prohibited, people can still find different ways to use it. Do mixers deserve to be abolished? This has been clearly stated, so please respect the decisions of the operators. As for gambling, I think that will not happen because if you only look at small aspects to conclude, that is not the way to play operating silver. Let's just consider that this is a small part of the activity here, and we are the people who gamble to relax, make money, etc. in very large numbers. It doesn't mean that this environment is only gambling, so think openly.

[ethereumhunter]

No matter how many scam casino will be busted by the government, still there will be no shortage of scam casino because it won't take much for the scammer to make new casino and try to scam the innocent gamblers.

This does not make the casino business illegal. And therefore there is no chance for the gambling campaigns to be ban on this forum, unless they are big scammers and forum admin prohibits them. (Only the scammers ones).

Yes, that's true. Scam casinos will definitely exist continuously and it is like a never-ending journey to uncover scam casinos. The fraudsters can get other victims from the new casino scams they create because the fraudsters can use different methods than before. On this forum, we have often warned people not to try scam casinos, no matter how attractive the promotions they provide. But because people are still tempted by promotions that look too good to be true, they end up being fooled and losing a lot of money.

This forum is very wary of scam casinos and members here will provide reviews if they find any irregularities or suspicions about the casino. They will immediately warn us all to be more careful in choosing a casino.

[piebeyb]

That's why this forum is very strict about money laundering, especially the big online casinos that have a good reputation in this forum also always prioritize prohibiting anyone who is detected carrying out money laundering, don't confuse it with a mixer because it works differently, until now online casinos are not the place to do it. money laundering so most of the funds that enter the casino will never be successful and safe to withdraw.

In contrast to the way mixers work where money laundering can be done easily without strict regulations, casinos always anticipate that any user wants to launder money, I don't think anyone will think that they will succeed in laundering money in an online casino, I guarantee that will fail and online casinos also pay taxes to the government as well as being sponsors of big sports so it seems rather unlikely that the mixer case will be equated by online casinos in this forum. 

[EluguHcman]

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?

The main thing is maintaining a good reputation. I dropped an update here sometimes ago ago concerning Binance crytop exchange delisting some crytop currencies and some sport trades which must of the actionate reasons where unmentioned rather they said it was the platforms inabilities to meet up some targets demanded but deep inside of me, I felt they did that to limit itself from some essences to avoid or limit risks to tanish its reputable.
The prove of CZ from Binance criminal indulgences is yet to be made known even they Binance pleased guilty.
The same thing could be equivalent with the Mixer to be ejected out from the crytop casino and if so, it is to maintain its reputations.
This is gambling board which is periodically about gambling.
I must say that either an organization or an individuality should one be taking control of it's emotions of definitely a lost of itself to maintaining a reputable gambling budgets and personalities due to the lack of control at when proefficiently making huge profits.

However, the necessity of mixer not going to be running in this platform anymore may be to a reputable maintenance of the platform and crytop as a whole.

[danherbias07]

That's why this forum is very strict about money laundering, especially the big online casinos that have a good reputation in this forum also always prioritize prohibiting anyone who is detected carrying out money laundering, don't confuse it with a mixer because it works differently, until now online casinos are not the place to do it. money laundering so most of the funds that enter the casino will never be successful and safe to withdraw.

In contrast to the way mixers work where money laundering can be done easily without strict regulations, casinos always anticipate that any user wants to launder money, I don't think anyone will think that they will succeed in laundering money in an online casino, I guarantee that will fail and online casinos also pay taxes to the government as well as being sponsors of big sports so it seems rather unlikely that the mixer case will be equated by online casinos in this forum. 

Yes, it cannot happen. Like I said before it's the wagering amount that will become the big deal for this money laundering scheme that illegal doers will have a problem with. Imagine trying to launder $5000 and before they reach the wagering amount which most of the time is the same number as the deposited amount, they will most likely end up with only half of it if they are unlucky or it could take days before they get out if they want a safer method with low amount being wagered.
Then, most reputable casinos do have KYC so I doubt they can just exit like the way they entered. They will have to go through many requirements before they can get away and this is part of online gambling sites to keep their business protected. Most reputable online casinos are trying to lengthen their business so they will have to comply with the government rules. One of those is the limited amount for a non-KYC user withdrawal just like local exchange does.

[avp2306]

That's why this forum is very strict about money laundering, especially the big online casinos that have a good reputation in this forum also always prioritize prohibiting anyone who is detected carrying out money laundering, don't confuse it with a mixer because it works differently, until now online casinos are not the place to do it. money laundering so most of the funds that enter the casino will never be successful and safe to withdraw.

In contrast to the way mixers work where money laundering can be done easily without strict regulations, casinos always anticipate that any user wants to launder money, I don't think anyone will think that they will succeed in laundering money in an online casino, I guarantee that will fail and online casinos also pay taxes to the government as well as being sponsors of big sports so it seems rather unlikely that the mixer case will be equated by online casinos in this forum. 

Yes, it cannot happen. Like I said before it's the wagering amount that will become the big deal for this money laundering scheme that illegal doers will have a problem with. Imagine trying to launder $5000 and before they reach the wagering amount which most of the time is the same number as the deposited amount, they will most likely end up with only half of it if they are unlucky or it could take days before they get out if they want a safer method with low amount being wagered.
Then, most reputable casinos do have KYC so I doubt they can just exit like the way they entered. They will have to go through many requirements before they can get away and this is part of online gambling sites to keep their business protected. Most reputable online casinos are trying to lengthen their business so they will have to comply with the government rules. One of those is the limited amount for a non-KYC user withdrawal just like local exchange does.

That's the reason why regulated casino is not their choice because of that reasons. They can't make their plan to succeed since casino are much stricter platform than any other else. On exchange maybe this could be their next destination if mixers will totally shutdown their services since they can trade any coins and launder their stolen money.

So for those have concern regarding on money laundering that might happen on those casino maybe they should ease there negative thinking since reputable casino owners already established their counter measure towards this money laundering scheme made by those criminals online.

[madnessteat]

There's no way a casino will be ceased, unless for anyone who appears to operate against the policy of their license for operation. If a casino decides to operate like a mixer and it is discovered that any laundering activity is going on with such a casino, then the agency will carry on their investigation to confirm if the suspicion is actually true. Until they verify, they won't act. Mixers are not the same as casinos, so I don't really see casinos being affected in any way.

Apparently you do not understand the essence of money laundering through casinos, because... a casino user can easily launder funds without the participation of the casino itself. The user uses the gaming platform to ensure that withdrawals occur from the same address as all other withdrawals from this casino. In this way the casino is used as a mixer. If the casino does not cooperate with regulators, then tracking such mixing is quite difficult and expensive.

[freedomgo]

That's the reason why regulated casino is not their choice because of that reasons. They can't make their plan to succeed since casino are much stricter platform than any other else. On exchange maybe this could be their next destination if mixers will totally shutdown their services since they can trade any coins and launder their stolen money.

So for those have concern regarding on money laundering that might happen on those casino maybe they should ease there negative thinking since reputable casino owners already established their counter measure towards this money laundering scheme made by those criminals online.

I think exchanges and gambling sites are treated the same when it comes to regulation. In fact, since there are only a few exchanges compared to gambling sites, they'll be easier to regulate, and I don't think scammers or hackers will be able to launder their funds on an exchange that has good liquidity. When we see a liquid exchange, it's assumed that it's regulated, as traders would not trust their money if the exchange has no license. So, this exchange will conduct the same KYC as casinos, and that would prevent money launderers from attempting to launder their stolen funds.

Without mixers, money laundering might be reduced; at least that's the stance of the government. But for us, it will remain the same, and that is they are compromising the privacy we want to achieve.

[avp2306]

That's the reason why regulated casino is not their choice because of that reasons. They can't make their plan to succeed since casino are much stricter platform than any other else. On exchange maybe this could be their next destination if mixers will totally shutdown their services since they can trade any coins and launder their stolen money.

So for those have concern regarding on money laundering that might happen on those casino maybe they should ease there negative thinking since reputable casino owners already established their counter measure towards this money laundering scheme made by those criminals online.

I think exchanges and gambling sites are treated the same when it comes to regulation. In fact, since there are only a few exchanges compared to gambling sites, they'll be easier to regulate, and I don't think scammers or hackers will be able to launder their funds on an exchange that has good liquidity. When we see a liquid exchange, it's assumed that it's regulated, as traders would not trust their money if the exchange has no license. So, this exchange will conduct the same KYC as casinos, and that would prevent money launderers from attempting to launder their stolen funds.

Without mixers, money laundering might be reduced; at least that's the stance of the government. But for us, it will remain the same, and that is they are compromising the privacy we want to achieve.

They can do it since hackers may find some way to do the KYC procedure even if they didn't use their real identity. There are so many stolen identity online and they can buy someone's identity just for KYC submission to those exchange and then they continue to do their dirty jobs.

Unlike on casino where they usually require 1x wager requirements then this is huge lose for criminals if they comply to that requirements that's why I really think that exchange have more higher chance to be used by those frauds than these casino.

They may have same level of regulations but they have different methods to fight up those illegal activities which is possible to happen on their platform.

[freedomgo]

That's the reason why regulated casino is not their choice because of that reasons. They can't make their plan to succeed since casino are much stricter platform than any other else. On exchange maybe this could be their next destination if mixers will totally shutdown their services since they can trade any coins and launder their stolen money.

So for those have concern regarding on money laundering that might happen on those casino maybe they should ease there negative thinking since reputable casino owners already established their counter measure towards this money laundering scheme made by those criminals online.

I think exchanges and gambling sites are treated the same when it comes to regulation. In fact, since there are only a few exchanges compared to gambling sites, they'll be easier to regulate, and I don't think scammers or hackers will be able to launder their funds on an exchange that has good liquidity. When we see a liquid exchange, it's assumed that it's regulated, as traders would not trust their money if the exchange has no license. So, this exchange will conduct the same KYC as casinos, and that would prevent money launderers from attempting to launder their stolen funds.

Without mixers, money laundering might be reduced; at least that's the stance of the government. But for us, it will remain the same, and that is they are compromising the privacy we want to achieve.

They can do it since hackers may find some way to do the KYC procedure even if they didn't use their real identity. There are so many stolen identity online and they can buy someone's identity just for KYC submission to those exchange and then they continue to do their dirty jobs.

I'm sure regulators are well aware of this already and yet they haven't improve the KYC process yet on exchanges. I have several verified exchange account and I can say it's just easy to pass, so you are right, they can use fake information and documents to pass with the KYC.

Maybe in the future that KYC requirement will be stricter, like in our local exchange, you need to do some live video KYC application to be approve, so in that way, fake or stolen documents for KYC won't work as it would not match on the identity of a person who's recording live.

Nevertheless, at least there's a trail compared to mixers where they won't be able to easily find the trail.

Unlike on casino where they usually require 1x wager requirements then this is huge lose for criminals if they comply to that requirements that's why I really think that exchange have more higher chance to be used by those frauds than these casino.

They may have same level of regulations but they have different methods to fight up those illegal activities which is possible to happen on their platform.

With exchange, a trader will be paying trading fees and withdrawal fees, quite small though compared to gambling sites if they want to go break even, but will have to pay the commission or the juice which is normally 10% above in sports betting.

[Jawhead999]

Using casino for money laundering is like kill yourself since the casino can easily freeze your coins and force you to submit KYC.

Without mixers, money laundering might be reduced; at least that's the stance of the government. But for us, it will remain the same, and that is they are compromising the privacy we want to achieve.

Mixer isn't the only tool to be used for money laundering, also mixer isn't always used for money laundering. Remember, if this forum not allow mixer, it doesn't mean all mixer is completely wipe out since the mixer is still exist and promoted in other place.

[Viscore]

Remember, if this forum not allow mixer, it doesn't mean all mixer is completely wipe out since the mixer is still exist and promoted in other place.

Exactly, they'll remain because there's a demand, but in terms of popularity, it will reduce as the forum aren't anymore promoting them, or the members in the forum. On the other hand, people might be hesitant in using a mixer as they might see the risk of not getting their money back, unlike when they are being promoted, they were able to build their reputation and resulted to more users using the service.

[EarnOnVictor]

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.

yup but that is for  those Centralized casino that implements KYC process but what about those who are not? I mean those casino that Decentralized maybe that is somewhat we must face for some reason.

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?

this will never happen if those casino will comply and act accordingly  I mean that they will follow all the guidelines government is imposing so they will not be the next target mof each government.
we knew how terrorist is acting these days and yeah this is what was the target of these tightness , also the hackers in online that uses same thing to hide their identity .

I've read a lot about some shady activities of some casinos, even some are internally doing the work of m!xers to launder money, but I have not heard of any reputable ones that the government had treated the way they treat m!xers, which makes them different. The reason for this is that their (casinos and m!xers) value and mode of operation are not the same things. The businesses that the government had treated like that of m!xers that I know were those operating payment gateways online. An example is Liberty Reserve, where the company and its owner were busted and were charged with multi-billion-dollar money laundry charges. Their assets were seized and the boss went to jail. The reason is that they (m!xers and gateways) are custodial of money primarily for exchange and payment purposes, unlike casinos that are only doing their gambling businesses primarily, but hiding under that to do some illegal activities (that's if they do such at all, just establishing a difference).

It however gets better for those casinos that are fully registered and regulated, they are overseen by the government and might be exonerated of AML and other corrupt practices at least if nothing so illegal is traced to them. Even if such happens, I believe the government would be responsible enough to deal with the situation wisely since always closing such businesses that have primary good intentions can't mean well for the economy.

[leonair]

There's no way a casino will be ceased, unless for anyone who appears to operate against the policy of their license for operation. If a casino decides to operate like a mixer and it is discovered that any laundering activity is going on with such a casino, then the agency will carry on their investigation to confirm if the suspicion is actually true. Until they verify, they won't act. Mixers are not the same as casinos, so I don't really see casinos being affected in any way.

Apparently you do not understand the essence of money laundering through casinos, because... a casino user can easily launder funds without the participation of the casino itself. The user uses the gaming platform to ensure that withdrawals occur from the same address as all other withdrawals from this casino. In this way the casino is used as a mixer. If the casino does not cooperate with regulators, then tracking such mixing is quite difficult and expensive.

The legal casino sites and the popular ones have their site license and the licensed casino sites are concerned about these issues and when someone goes to deposit a large amount on their site, KYC is demanded from them and that KYC document is stored in their database.  So if a person is using a gambling site through Mixer then it is possible to trace him through his KYC document if a complaint is filed against him.  So I think money launderers rarely use gambling sites for money laundering

[uneng]

The reason is that they (m!xers and gateways) are custodial of money primarily for exchange and payment purposes, unlike casinos that are only doing their gambling businesses primarily, but hiding under that to do some illegal activities (that's if they do such at all, just establishing a difference).

Usually businesses and companies laundering money are shell (fake) companies created and maintained with that sole purpose. They can belong to any sectors, but in fact, they don't produce or offer any kinds of services to the public, rather they launder money for some individuals issuing false invoices.

For casinos it doesn't seem a interesting practice, unless they are very greedy for profits, because the business itself is already pretty profitable following the regulations and making income from regular gamblers, so I really don't see a good reason why they would consciously allow such practices on their platforms. That would be a dumb move which could potentially kill the whole business once authorities caught something suspicious going on there.

[Aanuoluwatofunmi]

It's very wrong of us to make the assumption that crypto casinos are engaging in money laundering or serving other money laundering purposes, what we are considering here in particular is under being a casino, then the services they offer, it is also important that we realized the fact that a casino that is KYC enabled will always try to make request from its users to support the requirements on KYC in other for them to enjoy using their services, yet every users are still subjected to AML agencies if the needs be including the casinos.

[Don Pedro Dinero]

Apparently you do not understand the essence of money laundering through casinos, because... a casino user can easily launder funds without the participation of the casino itself. The user uses the gaming platform to ensure that withdrawals occur from the same address as all other withdrawals from this casino. In this way the casino is used as a mixer. If the casino does not cooperate with regulators, then tracking such mixing is quite difficult and expensive.

Although you are right, I don't think you have explained yourself well. The thing about casinos is that you deposit to a different address from the one the casino uses to send you your withdrawal. Deposits are consolidated and withdrawals are processed from that address. Especially in casinos without KYC and without wagering requirements this is quite similar to a mixer because someone tracking you would lose track if you deposit 1 bitcoin and make three withdrawals to three different addresses of approximately 0.333 bitcoin (minus fees). But the casino does know your deposit and withdrawal addresses and could in principle provide them in case of an injunction.

[Razmirraz]

Long before the case that happened to Mixer occurred, the casino had taken steps to prevent illegal activities such as money laundering by criminals. The majority of casinos that advertise their sites on the Bitcointalk forum have policies in place and comply with government regulations. KYC policies will make it easier for casinos to monitor suspicious activity, they can immediately block suspicious accounts or illegal sources of money with the aim of money laundering.

Casinos will not suffer the same fate as Mixer, they always comply with existing regulations in order to maintain their reputation so they can continue to exist. Casinos that still advertise their sites on forums can be trusted, until now no casino on the forum has been sued like Mixer, except for casinos that have been proven to have committed fraud by using the money they use to increase their wealth.

[el kaka22]

It is definitely a big issue because it is crypto and even though if you really look into someones accounts and look for that person to make a mistake, you can't just catch everyone who does it, you need to be looking into that person. There is a big difference between "see if X person has done any money laundering via crypto casinos" and "catch everyone who has laundered money via crypto casinos", and that is at the core the biggest issue.

The bad people who does this already knows this, and that is why they end up doing something that would be dangerous in the end, and I believe that we are not going to end up with a result that would be easy to catch, bad people could just hire others and do their bid on their account and launder their money, then they will get the money into monero and receive it and suddenly they are hiding their billions, if you want something bad done, you can keep using the same monero to make the bad thing get done by someone else.

[Casdinyard]

I don't think there's ever going to be threats to gambling sites cause there's AML policies that protect them from becoming infestation grounds for these money launderers. If anything, the only qualms I have with the current state of the forum is that besides the fact that most mixers pay higher than standard campaigns in the forum, bitcointalk will become predominated with gambling casino signature campaigns again which is not necessarily a problem, but is a major cause for concern as it may drive other projects/enterprises away thinking they'd have no market here cause everyone's wearing casino signatures. Or maybe I'm just yapping nonsense but I feel like this will definitely be a big issue for the growth of bitcointalk eventually.

[wheelz1200]

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?

I mean it's natural for criminals to use Amy method to wash money.  Mixers are easy targets and for the most part there is no legal reason to use them so it's easy Pickens.  For casinos most of it I would imagine is clean money but there isn't much a casino could do.  I couldn't see them being "seized".  It's like brick and mortar casinos, tons of dirty money plays there but there really isn't anything a casino can do.

[TimeTeller]

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?

I mean it's natural for criminals to use Amy method to wash money.  Mixers are easy targets and for the most part there is no legal reason to use them so it's easy Pickens.  For casinos most of it I would imagine is clean money but there isn't much a casino could do.  I couldn't see them being "seized".  It's like brick and mortar casinos, tons of dirty money plays there but there really isn't anything a casino can do.

The major difference with mixers and casinos is that casinos can require from their players the KYC requirements.
This is why mixers are the target of government authorities because they don't have strict protocols with respect to AML, hence, laundering is very possible.
Whereas, licensed casinos and bookies have their AML/KYC protocols in their terms and conditions. So at least authorities are at bay with this business.

[Quidat]

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?

I mean it's natural for criminals to use Amy method to wash money.  Mixers are easy targets and for the most part there is no legal reason to use them so it's easy Pickens.  For casinos most of it I would imagine is clean money but there isn't much a casino could do.  I couldn't see them being "seized".  It's like brick and mortar casinos, tons of dirty money plays there but there really isn't anything a casino can do.

Mixers would really be the sweetest spot for  those money launderers and they would be never on trying out to clean their money via casino unless if we do speak into those physical ones but for online ones then it cant really be just possible knowing that there would really be those terms and conditions which you would really be needing to comply before you could pull out those funds but we know
that even on just needing that 1x of your deposit will really be that a pain in the ass kind of requirement and this is why i would say that its never been ideal for them to do such thing.
They wont really be that so dumb on not to know on what are the cons or risks on the time that they would really depositing their money, they wont really be that just too dumb
on not to know.

[FanEagle]

This is something that has bene attributed to the casinos a lot, but then people complain that there are KYC requests by the casinos. I am sorry but in order to prevent money laundering, or at least hamper it a bit, the yare going to end up doing something like this, that's an important detail and should be something that will benefit you the most. I understand that we may not end up with something that will be possible to just simply launder your money easily.

Of course if you can find a way to get your money into crypto then you do not need casinos neither, you can use mixers and you can use monero type stuff and just hide your money without anyone finding it, it's possible. The problem is to get crypto with illegal money, you need p2p and that's tough to do. I think casinos have every bit of right to ask for KYC, otherwise governments will punish them. Look at Bİnance, they got hit with a 4.3 billion fine for letting money laundering go around in their own exchange.

[LUCKMCFLY]

At this point, I do not believe in money laundering in crypto casinos, because everything is limited even when things are about money, and most politicians or criminals do their laundering in other ways, not in crypto anymore, even less in casinos than with the KYC, well, at least, they would have to be very novice in this, those who do money laundering do it first with indero fiat, in the style of the drug traffickers as they were in Colombia during the era of Pablo Escobar, as well , where basically the weight of the dollar is handled by the Kg, we are somso people who take for granted that some countries do not have corruption, but the major money laundering is not done so much by criminals, the governments do it and in a way very shameless, but that's another topic, here what matters is that it is very difficult and stupid for them to try to do money laundering through crypto casinos, I don't know, but the possibility of them doing it through decentralized casinos isn't either. I see it as viable for what they do.

They currently do money laundering through other things, it could be that they go and do it through cars, through many things where they can camouflage , this is what makes those who do it much smarter than the authorities. in the present, where 'they can enter any country where they do it and that's it, they have no scruples , it is money that they are practically going to move, so they can do it with a little more brazenness knowing that things can happen like that, I prefer I would think that chaos of this style are more focused on carrying money and transferring it, since in casinos they cannot, nor should they, in a casual casino you do not Make a very large deposit, because they set off the alarms, and I cannot even imagine the Amount of KYC they must do, because that is something that could be on another level because if the casinos with little money bother , with something less than $10k , they will move a lot , I don't even want to Imagine.

[goxcraft]

What's there to tell! Casinos has been laundering money even before the mixers came. That's why the government imposed so many rules and regulations to gambling platform and casinos. For the ultimate weapon KYC was implemented. That's how they were able to investigate suspicious activity. After all these dramas, money is still being laundered, you just didn't noticed it. For me I think casinos and mixers a very alike. In one you cannot see who got what, in one everything is exposed. But both of them are used for the same reason even though they were created for different purpose. Everyone knows it. From my experience I think the government won't shut down casinos because the casinos have the customers information which  the government can demand easily. But in mixers case what's gone is gone.

[boyptc]

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?

There's also the other thread that concerns the money laundering and shutdown due to the mixers taking down.

As I have said there, there's nothing to worry about if the casino is registered. If there are illegal activities that happens there, they'll be the one that shall be passed on the problem.

And if there are customers that will be taking their advantage on these casinos, they'll also be flagged down and will be banned permanently to not gamble with them anymore.

[Accardo]

What's there to tell! Casinos has been laundering money even before the mixers came. That's why the government imposed so many rules and regulations to gambling platform and casinos. For the ultimate weapon KYC was implemented. That's how they were able to investigate suspicious activity. After all these dramas, money is still being laundered, you just didn't noticed it. For me I think casinos and mixers a very alike. In one you cannot see who got what, in one everything is exposed. But both of them are used for the same reason even though they were created for different purpose. Everyone knows it. From my experience I think the government won't shut down casinos because the casinos have the customers information which  the government can demand easily. But in mixers case what's gone is gone.

The government didn't shut down mixers in the first place. Hence, no need to wonder if the government will shut down casinos. Gambling is legalized in most countries, and the government earns lots of money through them. They may be hunting mixers because they don't make much money through those mixers. As everything happens hidden. The government is mainly focused on what they'll profit from any business or technology. If a business is successful and the government doesn't have a way of earning through it, the government will find a way of shutting it down. Don't you think that government officials also launder money using these mixers? Any business or body can be used to launder money. It's not a surprise to see you mentioned casinos as a way money launderers use to move or rinse money with no available traces. KYC only reduced the rate of money laundering, but imagine if a casino is owned by a team of money launderers will they need to bother about anything before laundering money? Many organized crime families make their money through casinos and launder money with the help of their member who owns the casino. I've read of crime families that use a member's gold business to launder money to Mexico. Does it mean that gold stores would be closed down because one store was found guilty of money laundering? Every niche has its downside because people in the business consist of both good and bad intentions. Mixers are great for maintaining privacy, which is the main aim of cryptocurrency. But, it's been misused, alongside bitcoin. So, the government will keep on hunting them to seize the money they've made through the business. Then resell the seized bitcoin for profits.

[decodx]

Casinos have long been exploited to clean dirty money.  Even before Bitcoin and blockchain technology, their combination of anonymity and accessibility made them convenient for shady transactions. 

Attempts to monitor gambling establishments are routinely dodged.  Customers provide false identification or have backdoor connections that let them bypass anti-laundering regulations.  Law enforcement partnerships crumble when lined pockets blind officials to crime syndicate ties.   

So the decentralized, borderless nature of cryptocurrencies only expands existing vulnerabilities in the casino industry and  more freedom to move money means more freedom to disguise where it came from.  And more freedom to access offshore betting means more places for illegal funds to vanish as winnings.

[2Pizza410000BTC]

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?

According to me there is no risk of gambling because gambling is officially sanctioned in most of the countries. Furthermore, most people participate in gambling in accordance with legal principles when gambling and gambling platforms conduct their activities in accordance with the law. However, gambling platforms that are manipulated like money laundering should be officially shut down. And gambling platforms in particular have anti-money laundering policies. Since the anti-money laundering system is in the gambling platform, there is no worry about the gambling platform like the mixer platform.

[Fivestar4everMVP]

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?

According to me there is no risk of gambling because gambling is officially sanctioned in most of the countries. Furthermore, most people participate in gambling in accordance with legal principles when gambling and gambling platforms conduct their activities in accordance with the law. However, gambling platforms that are manipulated like money laundering should be officially shut down. And gambling platforms in particular have anti-money laundering policies. Since the anti-money laundering system is in the gambling platform, there is no worry about the gambling platform like the mixer platform.

Like I think I've said before, some of the policies which some gambling casinos state or operates on will make it difficult for just anybody to use them as a medium to launder money, we all know that in some casinos, there is a mandatory wager requirement on every deposit before the gambler can be able to withdraw funds Back, this is to say that, if a person was going to launder money through an online gambling casino, after depositing the money, he or she may be required to play some games to meet a certain requirement before he or she may be able to withdraw.

And even when the gambler places a withdrawal request, there is also the chance that, he or she may be asked by the casino for kyc verification, due to the amount of money he or she is requesting to withdraw, ones the person is asked to kyc before he or she will be able to withdraw, then the whole purpose of laundering money is destroyed, because one can not launder money with their identity known, they can easily be arrested and prosecuted.

[wxa7115]

Like I think I've said before, some of the policies which some gambling casinos state or operates on will make it difficult for just anybody to use them as a medium to launder money, we all know that in some casinos, there is a mandatory wager requirement on every deposit before the gambler can be able to withdraw funds Back, this is to say that, if a person was going to launder money through an online gambling casino, after depositing the money, he or she may be required to play some games to meet a certain requirement before he or she may be able to withdraw.

And even when the gambler places a withdrawal request, there is also the chance that, he or she may be asked by the casino for kyc verification, due to the amount of money he or she is requesting to withdraw, ones the person is asked to kyc before he or she will be able to withdraw, then the whole purpose of laundering money is destroyed, because one can not launder money with their identity known, they can easily be arrested and prosecuted.

Licensed casinos and their clients have nothing to worry about, as long as they follow the requirements from their license then even if a criminal tried to use their services in a weak attempt to try to launder their coins, they will fail to do so as there are too many polices in place which will allow a casino to identify them or to at least block their funds.

So no one should be worried about casinos somehow getting the same treatment as other websites that could facilitate those practices.

[mirakal]

So no one should be worried about casinos somehow getting the same treatment as other websites that could facilitate those practices.

This is the simple answer to that, the government, or the AMLC is trying to implement a KYC and those who don't follow will be considered as illegal.

Casino - Followed KYC  (yes it's legal)
Mixer - NO KYC ( it's illegal)

That's how they see it, so casinos are on the safer side while Mixers aren't. It doesn't matter what our purpose in using a mixer but the government sees it like an illegal activities, so they'll ban it's use.

[dezoel]

I don't think there's ever going to be threats to gambling sites cause there's AML policies that protect them from becoming infestation grounds for these money launderers. If anything, the only qualms I have with the current state of the forum is that besides the fact that most mixers pay higher than standard campaigns in the forum, bitcointalk will become predominated with gambling casino signature campaigns again which is not necessarily a problem, but is a major cause for concern as it may drive other projects/enterprises away thinking they'd have no market here cause everyone's wearing casino signatures. Or maybe I'm just yapping nonsense but I feel like this will definitely be a big issue for the growth of bitcointalk eventually.

If I'm not wrong, casino signature campaigns are older than mixer signature campaigns, way older to be precise. So, I don't think that the growth of this forum was only because of the signature campaigns of mixing services because the forum was doing pretty well even before those campaigns and services were announced here. However, I know that this will have a temporary impact on the forum because it has become a big part of it, and it's not easy to fill such a gap in a short period but it will be filled, I believe.

That being said, if we talk about money laundering and gambling platforms, it used to be pretty easy to launder money using cryptocurrency gambling platforms in the past because there used to be no KYC or AML or any other regulations and gamblers were free to deposit and withdraw any amount they wanted to, but that's not the case anymore. So I believe that's a dead cause as well.

[Peanutswar]

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.

Gambling casinos must need to apply their business in AML this serves as a protection for the users with the company or the gambling casino itself they must need to comply to make operate and also there's a training and seminars requirements conducted related into data privacy and the AML topic itself. Also its players concerns too that they must need to check if the casino has a license to operate to make sure they are still safe with the casino. Ignorance is not excuse if you want to play safe.

[Xxmodded]

So no one should be worried about casinos somehow getting the same treatment as other websites that could facilitate those practices.

This is the simple answer to that, the government, or the AMLC is trying to implement a KYC and those who don't follow will be considered as illegal.

Casino - Followed KYC  (yes it's legal)
Mixer - NO KYC ( it's illegal)

That's how they see it, so casinos are on the safer side while Mixers aren't. It doesn't matter what our purpose in using a mixer but the government sees it like an illegal activities, so they'll ban it's use.

I don't think have place for crypto casino become place for money laundering because many of gambling platform required with KYC and difference with Mixer they are free and not allowed KYC for every time mixing bitcoin transaction. Although have little space left with crypto casino become place for money laundering but difficult for withdrawing huge amount if not pass KYC.

Some platform of crypto casino have allowed with government rule ask KYC for their user and I think not problem with many illegal activities in gambling crypto casino platform. Less with crypto casino have seized by government like Mixer of bitcoin have blocked some mixer platform until right now.

[slapper]

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?

According to me there is no risk of gambling because gambling is officially sanctioned in most of the countries. Furthermore, most people participate in gambling in accordance with legal principles when gambling and gambling platforms conduct their activities in accordance with the law. However, gambling platforms that are manipulated like money laundering should be officially shut down. And gambling platforms in particular have anti-money laundering policies. Since the anti-money laundering system is in the gambling platform, there is no worry about the gambling platform like the mixer platform.

Like I think I've said before, some of the policies which some gambling casinos state or operates on will make it difficult for just anybody to use them as a medium to launder money, we all know that in some casinos, there is a mandatory wager requirement on every deposit before the gambler can be able to withdraw funds Back, this is to say that, if a person was going to launder money through an online gambling casino, after depositing the money, he or she may be required to play some games to meet a certain requirement before he or she may be able to withdraw.

And even when the gambler places a withdrawal request, there is also the chance that, he or she may be asked by the casino for kyc verification, due to the amount of money he or she is requesting to withdraw, ones the person is asked to kyc before he or she will be able to withdraw, then the whole purpose of laundering money is destroyed, because one can not launder money with their identity known, they can easily be arrested and prosecuted.

Money launderers are accustomed to avoiding these kinds of "obstacles." They are crafty and frequently employ complex techniques. The obligatory wagering threshold? A small annoyance. They may just as easily take some losses as the "cost of doing business" and wager the bare minimum. KYC, too? Of course, there is a barrier, but what about adopting false or stolen identities? It is not unprecedented. Let us now discuss the casinos themselves. Are we really certain that they're all strictly enforcing these rules? The outside world is not clear. Some people may choose to ignore high rollers. Let's not fool ourselves: despite regulation, the gambling sector isn't perfect. There are gaps in the law and weak enforcement. Thus, while your arguments make sense in principle, the story in practice is more nuanced and frequently darker. Is this where we're missing the forest for the trees?

[Wiwo]

Why do we still continue in this debate to this point for as much as I know,  casino system and design is far different from Bitcoin mixer and whatever coin mixer that we can think about and for the presence of AML-KYC and the rest of other casino features that make it impossible for money laundering to take place through casino,  many times we have mix understood and taken casino as a gateway to get your coin mixed indirectly but then also,  every transaction that takes place through the casino can be verified and traced if the government demand that from the casino,  as against what mixer core value and operation is which is untraceable and 100% privacy which is why it mostly used by criminals to avoid traces.

[Kavelj22]

Why do we still continue in this debate to this point for as much as I know,  casino system and design is far different from Bitcoin mixer and whatever coin mixer that we can think about and for the presence of AML-KYC and the rest of other casino features that make it impossible for money laundering to take place through casino,  many times we have mix understood and taken casino as a gateway to get your coin mixed indirectly but then also,  every transaction that takes place through the casino can be verified and traced if the government demand that from the casino,  as against what mixer core value and operation is which is untraceable and 100% privacy which is why it mostly used by criminals to avoid traces.

This is completely understandable from a logical point of view, but we should not neglect the ways in which casinos and gambling platforms in general can be used to launder dirty-source money. It is true that licensed gambling platforms impose KYC procedures on all their users and everything seems to be going smoothly, but it is no secret that these projects are being exploited in other ways.

An example of this is the platforms that allow investment in the form of stakes as a contribution to the company’s pool, on the basis of which weekly, monthly, or even annual profits are distributed. This is one of the best areas of activity for whales, through which they can launder their money of unknown origin. There is also an example of platforms that support privacy currencies, which thus allow their users to hide withdrawal transactions.

I do not have examples of these assumptions, but they remain valid speculations.

[lionheart78]

Why do we still continue in this debate to this point for as much as I know,  casino system and design is far different from Bitcoin mixer and whatever coin mixer that we can think about and for the presence of AML-KYC and the rest of other casino features that make it impossible for money laundering to take place through casino,  many times we have mix understood and taken casino as a gateway to get your coin mixed indirectly but then also,  every transaction that takes place through the casino can be verified and traced if the government demand that from the casino,  as against what mixer core value and operation is which is untraceable and 100% privacy which is why it mostly used by criminals to avoid traces.

This is completely understandable from a logical point of view, but we should not neglect the ways in which casinos and gambling platforms in general can be used to launder dirty-source money. It is true that licensed gambling platforms impose KYC procedures on all their users and everything seems to be going smoothly, but it is no secret that these projects are being exploited in other ways.

Any platform where finance flows can be use to launder money.  The difference is that those financial establishments that have licenses to operate are oftentimes ignored by the authority unless reports are made that the platform is conducting illegal trades of money which can be considered as money laundering.  The casino having the license needed to operate is less likely to be the target of the government unless there are certain money laundering reports given to the authority.

An example of this is the platforms that allow investment in the form of stakes as a contribution to the company’s pool, on the basis of which weekly, monthly, or even annual profits are distributed. This is one of the best areas of activity for whales, through which they can launder their money of unknown origin. There is also an example of platforms that support privacy currencies, which thus allow their users to hide withdrawal transactions.

Doesn't this kind of stuff also happen in banks and other financial institutions?  Lots of under-the-table transactions happen in these kinds of financial institutions but why are they still existing?
I do not have examples of these assumptions, but they remain valid speculations.

[Westinhome]

Why do we still continue in this debate to this point for as much as I know,  casino system and design is far different from Bitcoin mixer and whatever coin mixer that we can think about and for the presence of AML-KYC and the rest of other casino features that make it impossible for money laundering to take place through casino,  many times we have mix understood and taken casino as a gateway to get your coin mixed indirectly but then also,  every transaction that takes place through the casino can be verified and traced if the government demand that from the casino,  as against what mixer core value and operation is which is untraceable and 100% privacy which is why it mostly used by criminals to avoid traces.

The mixer may easy allow for the money laundering because of no kyc was required one by the mixer.But the gambling itself ask the gambler to complete the level 2 of KYC to withdraw of funds from the gambling account.This made the gambler to be play the game in the good gambling site,the gambling site also in the safer side because of the kyc part in gambling site.The transaction of the gambling site was easily monitor in the gambling site,So money laundering was merely not possible one.The mixer is all doesn’t allow the money laundering,but some of them are doing the trick to allow the money laundering to be transferred into their site.

[n0ne]

Why do we still continue in this debate to this point for as much as I know,  casino system and design is far different from Bitcoin mixer and whatever coin mixer that we can think about and for the presence of AML-KYC and the rest of other casino features that make it impossible for money laundering to take place through casino,  many times we have mix understood and taken casino as a gateway to get your coin mixed indirectly but then also,  every transaction that takes place through the casino can be verified and traced if the government demand that from the casino,  as against what mixer core value and operation is which is untraceable and 100% privacy which is why it mostly used by criminals to avoid traces.

The mixer may easy allow for the money laundering because of no kyc was required one by the mixer.But the gambling itself ask the gambler to complete the level 2 of KYC to withdraw of funds from the gambling account.This made the gambler to be play the game in the good gambling site,the gambling site also in the safer side because of the kyc part in gambling site.The transaction of the gambling site was easily monitor in the gambling site,So money laundering was merely not possible one.The mixer is all doesn’t allow the money laundering,but some of them are doing the trick to allow the money laundering to be transferred into their site.

As stated almost every cryptocurrency accepted gambling platforms have begun to request KYC. In this situation it is really risky to see people using gambling platforms as the source for money laundering. We can't deny money laundering won't happen through the gambling platforms, but the percentage seems to be very low compared to what had taken place through mixers.

No service provider support money laundering, but the features of the mixers were used by people in such reason and the service providers were not in a situation to stop it. Now our forum have planned of the restriction to promote mixers starting from 2024, but it won't affect those platforms in any means.

[Chikito]

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?

Yes sure, everything on illegal activity will be watched by the government around the world. Not only the casino but also the exchange that is used for money laundry will be seized by the government. Now the question is how can they detect it?, For me, it's just a business competition between the casinos. Nothing is perfect in the world. The casino may accept the illegal money without them realizing it, so that it is known by business partners then report it to the authorities. This applies to everything, mixers are good businesses, and gambling is also a good business that can print money quickly and a lot, that is the fact, so they will knock each other out on the business.

[adultcrypto]

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?

It is really a difficult situation that makes the casinos helpless. Blockchain transactions are opened to the public and if money from an illegal source made it to a casino, the authorities can easily see it and this might be a problem to the casino. Even when the casino is not aware of where the money is coming from and what happened there, the authorities may not care and would want to act decisively. I don't know what will be the end result of this because it requires a legal practitioner to interpret but I do know that the casino will not find it funny in the end. If  the authorities do further investigation and discovered that the casino do not perform KYC, they might get infuriated because they hate being in the dark. Like I said before, it is a helpless situation for the casinos.

[len01]

It is really a difficult situation that makes the casinos helpless. Blockchain transactions are opened to the public and if money from an illegal source made it to a casino, the authorities can easily see it and this might be a problem to the casino. Even when the casino is not aware of where the money is coming from and what happened there, the authorities may not care and would want to act decisively. I don't know what will be the end result of this because it requires a legal practitioner to interpret but I do know that the casino will not find it funny in the end. If  the authorities do further investigation and discovered that the casino do not perform KYC, they might get infuriated because they hate being in the dark. Like I said before, it is a helpless situation for the casinos.

what I know is that as long as the casino is licensed and requires every user to do KYC if they want to deposit large amounts, it will not be a big problem for the casino and I am really very sure that in fact popular casinos have already refused regarding money laundering funds and from the many complaints that have been received It happened that I think some of the people who complained had used money laundering funds and the casino tried to make them fill out complete KYC and it was detected that the funds used were not from their own income so the rules are clear that the casino has the right to confiscate funds from illegal actions and on the one hand the casino may also pay taxes to a country, whether that's true or not, but what is certain is that a licensed person will definitely pay taxes to the country and if they provide income from these taxes, everything is fine.

what I said above is just the knowledge that I know so far, maybe the casino will be confiscated because it allows money laundering in the casino, but imagine the biggest casino with a good reputation, of course they will consider this because they think it is better to maintain the reputation of their business than to allow money laundering entering the casino causes the casino business to close.
I'm just trying to think positively, if all the casinos were breaking the rules because of money laundering, the casinos would have been closed a long time ago, but the fact is that to this day, they are still running well, even every time a new casino business appears and that means it won't worry me.

[bitvalak]

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?

Tracing money laundering is the responsibility of government agencies, not the casino's responsibility.
The highest policy lies with the government, casino companies only operate according to the rules that have been set.
It doesn't seem fair if the government's failure to trace money laundering cases has an impact on casino companies that have followed the rules. They must be objective to overcome this.
Because without us realizing there are quite a lot of workers who work for casino companies to earn a living for their families.

[Smartvirus]

Tracing money laundering is the responsibility of government agencies, not the casino's responsibility.
The highest policy lies with the government, casino companies only operate according to the rules that have been set.

This I agree with although, this doesn’t stop the cryptocasinos from being mindful of the activities or means by which their customers make use of the casino. Money laundering is a serious crime anywhere and being tangled in this doesn’t seem like the best spot to be for any casino. It just doesn’t tell well of their position against crime.
Casinos have done there but in place policies that requires you to withdraw only winnings and most times, you get to gamble with at least a good percent if not all of your deposit to be withdrawal eligible.
Most times we blame and ridicule casinos for this but, it’s a means to a solution such as the case with money laundering.

[Wapfika]

Tracing money laundering is the responsibility of government agencies, not the casino's responsibility.
The highest policy lies with the government, casino companies only operate according to the rules that have been set.
It doesn't seem fair if the government's failure to trace money laundering cases has an impact on casino companies that have followed the rules. They must be objective to overcome this.
Because without us realizing there are quite a lot of workers who work for casino companies to earn a living for their families.

True that it’s government responsibility to trace laundering but casino has the responsibility to make their business clean with laundering a much as possible or else they might be punished too. This is same scenario with mixer that being use to launder money. It’s not that mixer like laundering but they are being use as a tool for the crime knowingly/unknowingly that’s why they are being seize. Having a tainted money makes you part of the crime and subject for investigation.

This is the reason why casino have KYC to handle over to the government the user details that is suspected for money laundering. Technically casino is still have an obligation to make their casino clean as much as they can from crimes.

[Kavelj22]

An example of this is the platforms that allow investment in the form of stakes as a contribution to the company’s pool, on the basis of which weekly, monthly, or even annual profits are distributed. This is one of the best areas of activity for whales, through which they can launder their money of unknown origin. There is also an example of platforms that support privacy currencies, which thus allow their users to hide withdrawal transactions.

Doesn't this kind of stuff also happen in banks and other financial institutions?  Lots of under-the-table transactions happen in these kinds of financial institutions but why are they still existing?
I do not have examples of these assumptions, but they remain valid speculations.

In my opinion, financial institutions such as banks are not easy to prove their involvement in money laundering activities unless one of the shareholders who are partners on the board of directors seeks to launder some of their activities through them. In confirmation of this, these financial institutions are subject to strict supervision by state authorities, which cannot allow this type of violations due to the sensitivity of the field.

Casinos have a more free scope of activity, and as you mentioned, the authorities do not monitor their activities except under suspicion, which may go undetected for a long time.