Topic: How to self exclude from anonymous gambling sites - page 30. (Read 6573 times)

You are right and @Reatim is also right, only that the scopes at which you guys are right are not the same. There is a school of thought that suggests that casinos are m!xing money as well, this is what makes people start viewing the mode of operation of casinos with that of m!xers, but it is not like that when it comes to the business model itself. If we view it like that, you will hardly see a single company that does not m!x money for money laundry purposes, it only depends on the people operating it. There is no way we can use the two business models to judge each other, and casinos can never be a sole m!xer, that's is not their core duty. But at times, casinos launder money as well, and they get to confuse the government with transactions to achieve their aim internally, this style is never new. This is what I believe that @Reatim is talking about. However, you are right since m!xing is not their core job.

Most casinos accept Monero, which we know hides the origin and the end of a transaction. Considering the concept of a mixer wherein it does the same thing as XMR, then why in the future it won't be made mandatory for every licensed casino to accept KYC. The only difference that I understand about mixing service is that they can only hide transaction of Bitcoin for privacy purpose.

That being said, if you want to hide your transaction made towards casino, you can use XMR for both deposit and withdrawal. This is the reason why casino will always delay any withdrawals that are big and ask for KYC, but if someone wants to launder money they only need to do it in small amounts. This is why we will see KYC made mandatory in the future for crypto casino.

Mixing services can't be compared with casinos... Mixer services serve to hide the origin of the coins, you can cover your traces by using mixers, and it's clear why governments are making moves against mixers. And maybe you are right that casinos will be the next target, but that will not be for the same reasons, in many countries gambling is legal and casinos will just have to register there and pay taxes if they wish to operate.

But I would like to believe that we will always have some casinos around that will not have mandatory KYC, it's the spirit of crypto... to be free and open for all.

It depends much on the context and the numbers you look and how you interpret them. In my opinion, Anti money laundering measures are somewhat enough for criminals to have a harder time trying to conceal the origin of their black money, they will not deposit their funds to launder as eagerly as before in a casino, thanks to those measures and the government agencies behind them. However, we need to also understand the market for money laundering is huge and the demand for money laundered is even bigger, hence why criminals will continue to try to avoid those measures imposed by agencies.

Ironically, because of corruption and all the money out at stake in such Underground Market, there will be always officers and bureucrats willing to do the laundering in behalf of the criminals, in exchange for a good percentage. So, we (the common people who just want to protect our money and personal data) will continuously deal with those AML measures, while those well connected with politicians will do around them easily, without even appearing on the radar.

Money laundered by top politicians and businessmen are meant for significant purpose and these influential men doesn't give up so easily except they're 100% handled by the law. They do everything within measure to relieve pressure. We don't entangle business with fairs of gambling because we ought to produce the necessary information and strategies to ensure we're on a safer side. Gambling can become very risky if we've failed to reach the peak of our targets, thereby leading our aims to become very different from our initial plans. KYC was innovated to safeguard the entire process of verification of a user on gambling site and casino.

You're right, we shouldn't be too far away from the truth, despite the massive presence of the anti money laundering agencies, kyc requirements and other control measures to tackle on this menace of scam and theft, yet we have alot of people engaging in that, should we say th measures in place are not being effective enough or the people were just too being smart over those measures against them

Well, you are right, it's like when we say that authorities or governments hates being challenged, it's like after the launch of bitcoin, and banks discovering that it has the potential to put them out of business in a coupe of years, and they began fighting the technology, looking for all sort of means to destroy bitcoin, they tried  with several bans, hackings and all sort, but none have worked.

It is also same when we talk about money laundering, banks are number one money launders, and they are ever ready and willing to help the rich and powerful launder money as long as they get their cut. But bank hate people laundering money through other means or sources, because it's like taking the potential money they would have made from you to someone else, this is why they fight money launders who launder money through other vices or channel outside their own channel.

Banks are institutions that have become so big that their right hand does not know what their left hand is doing, so even with all of those policies in place, powerful individuals can always convince enough people within the bank in order to allow them to launder some money with them, also while the regulations are strong the punishments against banks coming from governments are always very light, so even if for us a fine of a few billion dollars may seems like a lot of money, this is nothing if the bank earned tens of billions laundering money and no one goes to jail, as in that case the bank has all the incentives to keep laundering money.

Correct  all laundering that happened as far as I know connected either Banks or maybe insider from government if not the officials are the direct involved , there are so much  issues about exchange and mixers and sooner it is gambling sites but launderer will keep working in their launder no matter what happened to those mentioned businesses so in the end? the losers are us who only uses crypto for fun and for living .

This is a misconception, ordinary people are involved in money laundering, if you don't know, you don't know. Also, you don't have to have billions before you launder money, you can launder money in person, or with some people using your business no matter how usual the business is, it could be used to launder the money. Even a barber's shop as small as it is with the view that ordinary people own it is being used to launder money, after all, the government can't take the inventory of how many heads you cut in a day. What those guys do is to build it to taste and employ more hands and keep the business running while the illicit flows continue unabated, that's even if they can detect it at all. The trick of laundering money is enormous and mostly unsuspected, and those launderers are now getting better than using the Shell Corps which the government are now focusing its attention on. You will be surprised how they do this nowadays, even the local farmers and sellers are also used these days for the purpose and you think it's business as usual.

As for KYC, you can't also totally undermine its importance, as much as you do not appreciate it, it's a very good reason why some people do not do legal deals with their accounts. Just like the last post I read and responded to, the guy could not do KYC simply because the law enforcers in his country would catch him. You never can tell how people will get to do as they like without KYC and even duping people unchallenged and using fake identities. But they get to rethink many unlawful actions due to the KYC. And for casinos to ask for KYC and also fully registered and regulated means they are answerable no matter how little it is. You can't take away that as well.

I don't understand why kyc from banks annoys you. Because that's literally the reason they need to do KYC. Ande that's the reason they are getting caught as well. Banks are not doing it to annoy you. In fact if it would be up to them, they wouldn't need any id from any customer. That's because they would happily launder more money if they could. That would just make them more money. It's FATF and FinCEN and FINRA and such who wants them to comply with financial regulations so that they wouldn't launder money. And it's not just the banking sector who have to comply. It's tax advisors, all firms dealing with finances or customer's money flow etc.

True that, there are under-the-table negotiations being executed in the banks.  In my country, there was once an issue with a popular bank being involved in money laundering[1].  Human is the one managing a bank and human nature has many flaws including corruption and greediness.

Legally operating casinos might not be the next target of the government but the crypto casino that is operating illegally or the one that they called themselves a decentralized crypto casino.


Well, that is how the system operates and we cannot do something about it.  The system implemented by the government has major flaws that are taken advantage of by financial institutions to make their shady activities legal.  

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[1] https://www.philstar.com/headlines/2023/04/21/2260443/ex-rcbc-managers-conviction-over-81-million-cyber-heist-affirmed

You do still get shocked with these things which it turns out to be already that typical or in default? For those people who are on the peak or top spot then expect that the ywould really be having the power on changing up on everything and would really be excluded on the rules that they have been set or into those things which are near to them. This is why when it comes to this kind of scenario
then dont make yourself that shocked because we do live on a cruel world where equality is something that cant be possible.There would really be always those things that would be sitting on the top. Speaking about self exclusions on gambling sites, then this is a known feature but i dont see that people who are addicted truly will really be making use of it.

For that same reason, we must Learn to be a little more irreverent when it comes to authorities, just like with governments, they only want things, treasures, and more money, for themselves, so what is not Correct is that a natural person, in particular, allows them to have freedom, even to play they have to ask for permission or else , they have to give something to the Governments , that is, give them even taxes, but even so, when they do not Demand taxes , which is also true, that everyone will reach one day, because they rely on KYC to tell people that they have to have their identification, identification that in one way or another they will obtain, either by asking directly to the casino or by order. of any jurisdiction that they have present in their casinos, therefore when we have gone to casinos and they come out with so many KYC Requirements , Yes, it is Annoying , but oh, it is a requirement that is difficult to Avoid.

The issue here is that well, I always say , Comply with KYC in the casinos that have a high reputation, a lot of trust, there are some in the forum and they are the best in the world, that's what I believe, but in particular I always I have said that apart from this, the casino that we are doing its KYC has to accept the KYC without so many Obstacles, because I have seen that casinos where the person plays and wins big, the casino's strategy is not to approve it quickly so that it does not withdraw , and that the player falls into the temptation of Continuing playing until he loses his money, which seems very unethical to me and a casino that does something like that, a casino that should be published on bitcointalk, because one of those Plays is Invalid and  I dare say that it is even dirty, for that reason we have to do Other types of things, see their ANN thread , like their comments, and see how much Community and audience the site has, the rest of the things that can be avoided There are a lot of them when you Don't play in those games.

It annoys me seeing that the most demanding institution for KYC is the banks and yet they are the ones being so vulnerable when it comes to money laundering, kyc and other measures to take against any form of criminal activities, maybe it's because the political power in them is what is making them behave such manners because they can only go against the average user or citizen, but not after the government looters saving with them.

Yeah, its a global kind of problem which it had been existing for ages and its something that already been part of this world because there would really be those fellas who would really be loving to launder money for their own benefit and this is something that really happening into this world. Doesnt matter if it would really be done via on gambling field or would really be done by other means then it wont really matter that much.
Going back into the topic about KYC then we do know that gambling sites mostly are really that having a license on which means that they are really that regulated on which means  that on the time that they would really be making out such operation then it would really be just that normal that they would really be needing to comply on what are the rules that had been set out or the regulation that they are really that needing to follow.

Going back about self exclusion then this is something that would really be pointless because this is a feature on which it could really be that be just rejected specially
into those people or gambler who do have that extreme addiction.

Bank is the most kyc financial institution and yet the most used for money laundering and all other illegal money movement within the system a situation where it has become a tradition for most traditional banks to have money moved the bank or outside without any trace, this traditional money mixing methods have been at play for God knows how long and what we stand to expect, so for sure even casino may become victim or tool for money laundering regardless of what the nature either KYC or not, but also alot of time, casino already have some systems in place census some things around the casino such as implementing the KYC feature or wager requirement on all deposits,  this way it become hard for the money to get mix without going through the casino system.

That is something politicians and regulators sometimes seem to forget to be honest. Money laundering is a very old and unfortunate phenomenon and has probably existed since banking was established as an important part of the economical movements within a society. Though, while people and common gamblers just want to be let alone and gamble and move their hard earned money as they please, we can end up being asked a lot of documents all of it while the actual launderers who move millions at the same time are not under any scrutiny. If you would like to have a closer look tons fairly recent scandal, you could search on the internet about the involvement of Deutsch Bank in the laundering of assets and capital.
Curious how a big centralized bank / Corporation will always have more capacity to launder more money than  any cryptocurrency or decentralized application will have (at least for now).
In the worst case scenario, casinos will start to ask us to summit also biometric information in the future, so we can continue to roll dices and play slots with them, all of it pushed by regulators. 

Ordinary people are never involved in money laundering, only those who have billions of dollars or who are involved in politics are involved in money laundering. And those involved in money laundering have enough power to back that up. So I agree with your comment that it doesn't matter whether kyc or non kyc casino is there for money laundering. But KYC issue is very important for common users like us because we don't have enough power to backup any illegal activity.

KYC or no KYC, money laundering will still be occuring. Like I have said before, money laundered are mostly in the banks, with well reputed people including rich men and politicians laundering the money. Money laundered are mixed with money in a business and to trace it is difficult unless the root of how the money is laundered is known.