Well done KYC. - page 4. | Bitcointalksearch.org

Dr.Bitcoin_Strange

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Quote from: dunfida on September 25, 2024, 02:30:13 PM

People do sees up KYC to be a bad thing but just like we do all know that it does have its positive effects or things that could bring out on which same on this case then crimes could really be solved out
on the moment that such crucial informations would really be known and this is really that something important. It is really just that this community is really that highly against KYC
and thats why they dont really that prefer it out but on cases or situations like this then it is really something important.

Generally speaking, KYC has many risk that is attached to it and the risks attached to it is not something I will begin to discuss now because it has already been talked about so many times on this forum. But there's a saying that's "everything that has disadvantages, also have a little or large advantage too. " Despite the risk of KYC, it has also help in capturing some culprits, just like the way the victims in the OP was identified.

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Quote from: Tungbulu on September 26, 2024, 05:53:22 PM

Wherever there’s a crime, there’ll always be a trail that’ll lead people back to the criminal, no matter how much or how hard he tries to cover his tracks, he’ll still be caught if people can only look well, I’m sure he thought using a gambling account would cover his tracks and that’s why he didn’t use a bank account.

No I don't agree on this because not all the times crimes are committed that the perpetrators of the very crime's are caught, we have had murder case's where there were no trail on the assailants unlike this subject in the op he left a trail behind the very moment he passed the KYC requested from the sportbook company, if he hadn't done the KYC am sure he wouldn't have been caught but he was desperate for the money and stupid at same time. Good a thing he was caught anyway.

Quote from: Tungbulu on September 26, 2024, 05:53:22 PM

While it’s true that a lot of gamblers value anonymity and their privacy, a some point, undergoing KYC verification is very essential in order to enhance the platform’s security. Just imagine there wasn’t any Kyc in this case, I’m pretty sure it would’ve be pretty difficult to apprehend the criminal or even impossible.

Yes, KYC has its good and negative side entirely, it all depends on the situation on ground. There are circumstance that may arise and the individual may have some regrets for keeping anonymity whereas others may not warranty such regrets. It's like a two sides of same coin.

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Quote from: traderethereum on September 27, 2024, 08:21:26 AM

Quote from: bakasabo on September 27, 2024, 02:38:39 AM

Quote from: AHOYBRAUSE on September 26, 2024, 05:45:05 PM

In this case KYC finally had some good result, lucky he wasn't smart enough to use some other innocent person to pass KYC for him.

The same in this case KYC would be useless if that murdered figured out to use fake or someone else KYC. It will lead investigation in a totally wrong direction. This story shows that KYC is identically useful and useless. What would happen, if the murdered be lucky to find this girls ID (in case she took it with her) and use it to pass KYC? KYC would help him to get the money and get away with it.

In that case, the murderer is not smart enough to use fake KYC so he can get arrested by the police and will be punish. That is the benefit of KYC for people but that will only if we can do in the right place which can help us if we meet a trouble.
If he can use that girl ID, he will get the money and run away without anyone know. No one will know what will happen later if the murderer escape.
But GOD helps the girl family's so the case can solved.

How can be possibly use a dead girl's ID? Remember he has already killed the girl before demanding ransome from the girls family, and also remember that casino kyc verification does not end at just submitting ID card, you often will be asked to do a live verification as well where the casino kyc system will take a live picture/video of your self holding the ID card you submitted, to make sure the ID really belongs to you.

And also interesting to know is that, in this part of the world, people don't go about with their ID cards, except people in the force and maybe cooperate workers in some big firms, so, this to tell you that there is 100 percent that even the girl wasn't there with her ID, even if he would have used it.

Ishicryptic

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Quote from: Tungbulu on September 26, 2024, 05:53:22 PM

Quote from: AHOYBRAUSE on September 26, 2024, 05:45:05 PM

Jeez, that's some tough story. Very sad to see what people do for even the smallest amounts of money. He could easily let her go after he got the cash but decided not do so.
At least he will be brought to justice because if his incompetence and greed. He deserves only the worst and hopefully that's exactly what he will get. I know desperation can be terrible if you have no money, no shelter and nothing to eat but harming other innocent people is just the worst.

In this case KYC finally had some good result, lucky he wasn't smart enough to use some other innocent person to pass KYC for him.

Wherever there’s a crime, there’ll always be a trail that’ll lead people back to the criminal, no matter how much or how hard he tries to cover his tracks, he’ll still be caught if people can only look well, I’m sure he thought using a gambling account would cover his tracks and that’s why he didn’t use a bank account. While it’s true that a lot of gamblers value anonymity and their privacy, a some point, undergoing KYC verification is very essential in order to enhance the platform’s security. Just imagine there wasn’t any Kyc in this case, I’m pretty sure it would’ve be pretty difficult to apprehend the criminal or even impossible.

Criminals thinks that they will always be getting away with money laundering through gambling accounts and cryptocurrency but thanks to KYC requirements there is no hiding place for them. I can't blame gambling sites for demanding for KYC, it is because of criminal activities where criminals thinks that they will go through gambling accounts without detection. The guy in the OP has always had the killer instinct in him, if not he would have collected the ransom without killing the young lady, I hope that he pays for the price of his crime as a deterant for others that have the same mindset with him. The world is full of evil, atleast laundering money through gambling accounts will not be an option for criminals who don't want to get caught.

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Quote from: bakasabo on September 27, 2024, 02:38:39 AM

Quote from: AHOYBRAUSE on September 26, 2024, 05:45:05 PM

In this case KYC finally had some good result, lucky he wasn't smart enough to use some other innocent person to pass KYC for him.

The same in this case KYC would be useless if that murdered figured out to use fake or someone else KYC. It will lead investigation in a totally wrong direction. This story shows that KYC is identically useful and useless. What would happen, if the murdered be lucky to find this girls ID (in case she took it with her) and use it to pass KYC? KYC would help him to get the money and get away with it.

In that case, the murderer is not smart enough to use fake KYC so he can get arrested by the police and will be punish. That is the benefit of KYC for people but that will only if we can do in the right place which can help us if we meet a trouble.
If he can use that girl ID, he will get the money and run away without anyone know. No one will know what will happen later if the murderer escape.
But GOD helps the girl family's so the case can solved.

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Quote from: bubilas on September 27, 2024, 05:50:57 AM

In general, the best way is to always go through KYC as quickly as possible, and preferably before depositing your funds. Because I know many stories when, after a big win, the casino did not want to verify the users' documents. Therefore, this should be done in advance, until the casino has a reason not to verify the gambler's documents.

There are some casinos, example - FortuneJack, which will not allow their users pass kyc verification before hand except if and when they ask for it from you the user, and this is usually and mostly after the user have won a big amount of money and is then requesting a withdrawal.
I personally will avoid such casino because if any day, they decide to go rogue, alot of users will be affected.

Casinos like Stake.com allow users to perform kyc before hand, for some, even before they are allowed to make any deposit into their account to gamble with, this is the best because it can make the player have rest of mind knowing he or she has successfully passed kyc verification, and can confidently gamble knowing that if he or she encounters a food win, he won't have to go through the stress of trying the have the casino accept his kyc document for verification and processing of his or her withdrawal request.

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I read the news myself, what a wicked world we now living in. He killed the girl just because of the economic hardship in the country and for a little amount demanded from the mother, what a sad story. This is a lesson to people to know who they mingle with, especially our young ladies, the world is not smiling again. This advice is important because the guy lured her to his house for a phone repair before he strangulated her. I barely control my feelings when I think of the case.

Thanks to the KYC which orchestrated his arrest, one of the good reasons why people should allow regulation and stop the selfishness of privacy and anonymity. Things would have been worse for the world if there were no regulations at all, and I wonder who is the next victim of the so-called privacy. Angry

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Quote from: bubilas on September 27, 2024, 05:50:57 AM

In general, the best way is to always go through KYC as quickly as possible, and preferably before depositing your funds. Because I know many stories when, after a big win, the casino did not want to verify the users' documents. Therefore, this should be done in advance, until the casino has a reason not to verify the gambler's documents.

Unfortunately, your response seems unrelated to the topic. I understand your stance on KYC, but this case is actually about a crime that was solved because the perpetrator, a gambler, submitted KYC details that led investigators to trace him.

You might want to check out the original post shared by OP: Why I killed 18-year-old female church member, OOU student.

bubilas

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In general, the best way is to always go through KYC as quickly as possible, and preferably before depositing your funds. Because I know many stories when, after a big win, the casino did not want to verify the users' documents. Therefore, this should be done in advance, until the casino has a reason not to verify the gambler's documents.

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Quote from: bakasabo on September 27, 2024, 02:38:39 AM

The same in this case KYC would be useless if that murdered figured out to use fake or someone else KYC. It will lead investigation in a totally wrong direction. This story shows that KYC is identically useful and useless. What would happen, if the murdered be lucky to find this girls ID (in case she took it with her) and use it to pass KYC? KYC would help him to get the money and get away with it.

Not in this country, as they use a NIN (National ID), which is linked to their bank accounts and other financial institutions for verification purposes. In countries without a national ID, it might be possible to bypass certain checks, but KYC requirements for casinos have become so sophisticated now that they often require a live selfie to verify if your face matches the submitted ID.

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Quote from: khiholangkang on September 26, 2024, 03:48:47 PM

But the existence of KYC is indeed very helpful for the victim's family to find the perpetrator of the murder of the poor girl, so that they can get the criminal and be punished to get justice for his despicable actions, in terms of benefits, KYC is quite useful for certain urgent and detrimental interests like this.

On this matter, it's helpful.

But all of us agrees that we don't like to comply for KYC as much as we can so, we can give it this time for situational purposes like this.

Quote from: vs2014 on September 26, 2024, 03:03:01 PM

However, kyc is a very good step because we can easily trace criminals through it. If there is kyc then legal action can also be taken.

That's the main purpose of it, aside from finding out AMLA purposes, hunting criminals through their records of KYC helps the police authorities.

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Quote from: AHOYBRAUSE on September 26, 2024, 05:45:05 PM

In this case KYC finally had some good result, lucky he wasn't smart enough to use some other innocent person to pass KYC for him.

The same in this case KYC would be useless if that murdered figured out to use fake or someone else KYC. It will lead investigation in a totally wrong direction. This story shows that KYC is identically useful and useless. What would happen, if the murdered be lucky to find this girls ID (in case she took it with her) and use it to pass KYC? KYC would help him to get the money and get away with it.

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Quote from: bangjoe on September 26, 2024, 12:35:40 PM

Quote from: Findingnemo on September 26, 2024, 10:12:36 AM

I really appreciate that this system helped a criminal to get what he deserves but the government is not really doing it to reduce the crimes, they just don't want the people to get out of their hands and it affect the remaining 99.99% of people for nothing. We can't do anything about that because that's how the government always wanted to keep their citizens and casinos can't do anything apart from agreeing whatever regulations are there comply.

If you look at it from the good side, the stipulation of KYC is very good and it is quite effective in reducing money laundering crimes that use gambling as their hiding place, and yes on the other hand the government can also protect its people in every casino that operates, and the most beneficial thing is that the state can have additional revenue from the legalization of KYC in every casino, because with KYC required, the public can assume that casinos that do not apply it are considered illegitimate and do not comply with government regulations then it can be assumed that such casinos are illegal (seen from the public view).

With this I agree that KYC is a fairly important thing that everyone must do when doing something that is considered vulnerable to crime in various ways. Some casinos submit KYC to their visitors to fulfill it and of course the goal is to minimize the occurrence of unpleasant things such as money laundering or others. In some other cases, players cannot withdraw the winnings they have received and this is because the visitors themselves do not fulfill the KYC that the casino has submitted from the start.
However, I think there are still casinos that do not implement KYC in their system, but in my opinion that does not mean they are illegitimate casinos, maybe they are preparing their updates. Besides that, I often gamble online, and I do it on many sites, often I get casinos that do not submit KYC and when making a withdrawal they still pay it.

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Quote from: blockman on September 26, 2024, 06:19:43 PM

It is important for the casinos to ask it because they're being monitored by the regulators. If they don't apply that to their users and something like this happens and they don't have an information to distribute, that could be a penable offense on their end. But we see that it has come to help the case by doing this in an unexpected way.

Yes, legal casinos will certainly implement KYC in accordance with the regulations provided by the local government.
With these regulations, casinos can be safer and of course there will be responsibility for the privacy that customers provide.

This is all for the sake of mutual security, in order to stay away from criminal transactions about money laundering.
Some casinos also do not implement KYC at the beginning of registration, but they will only ask for KYC if the customer wants to withdraw more money and bypass the predetermined restrictions.

But for me who is only a small player and plays for entertainment only, KYC is not required to start the game because the amount I play is under the required KYC conditions.

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Quote from: Tungbulu on September 26, 2024, 05:53:22 PM

Wherever there’s a crime, there’ll always be a trail that’ll lead people back to the criminal, no matter how much or how hard he tries to cover his tracks, he’ll still be caught if people can only look well, I’m sure he thought using a gambling account would cover his tracks and that’s why he didn’t use a bank account. While it’s true that a lot of gamblers value anonymity and their privacy, a some point, undergoing KYC verification is very essential in order to enhance the platform’s security. Just imagine there wasn’t any Kyc in this case, I’m pretty sure it would’ve be pretty difficult to apprehend the criminal or even impossible.

The idea of this criminal is indeed quite unique by using his gambling account to receive his ransom, but what is ridiculous and stupid is that this criminal did KYC and of course his personal identity is clearly known, whether he forgot or was not aware of this, but what is clear is that this is the first ridiculous crime case that I have ever encountered. In addition, it is true that traces of crime will always be visible because there must be people who can find the main point. This is one of the positive impacts of KYC, some people are sometimes lazy to complete KYC and that sometimes causes them problems until they finally have to return to complete KYC. I know completing a KYC is sometimes lazy, but if we think about security, this must be completed with a mandatory note to be done. With the case that has happened, we must be able to learn a lesson for ourselves, so as not to underestimate something that is relatively small.

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Quote from: Dunamisx on September 26, 2024, 04:10:42 PM

Even as some will tell that they dislike anything that has to do with filling for kyc, they are not going to regret having to go through it to an extent except for privacy reasons, because this csn help them barricade from those trying to take charge of their account from them, kyc os important to an extent if we are not going to bother on the kyc informations for privacy.

It is important for the casinos to ask it because they're being monitored by the regulators. If they don't apply that to their users and something like this happens and they don't have an information to distribute, that could be a penable offense on their end. But we see that it has come to help the case by doing this in an unexpected way.

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Quote from: AHOYBRAUSE on September 26, 2024, 05:45:05 PM

Jeez, that's some tough story. Very sad to see what people do for even the smallest amounts of money. He could easily let her go after he got the cash but decided not do so.
At least he will be brought to justice because if his incompetence and greed. He deserves only the worst and hopefully that's exactly what he will get. I know desperation can be terrible if you have no money, no shelter and nothing to eat but harming other innocent people is just the worst.

In this case KYC finally had some good result, lucky he wasn't smart enough to use some other innocent person to pass KYC for him.

Wherever there’s a crime, there’ll always be a trail that’ll lead people back to the criminal, no matter how much or how hard he tries to cover his tracks, he’ll still be caught if people can only look well, I’m sure he thought using a gambling account would cover his tracks and that’s why he didn’t use a bank account. While it’s true that a lot of gamblers value anonymity and their privacy, a some point, undergoing KYC verification is very essential in order to enhance the platform’s security. Just imagine there wasn’t any Kyc in this case, I’m pretty sure it would’ve be pretty difficult to apprehend the criminal or even impossible.

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Jeez, that's some tough story. Very sad to see what people do for even the smallest amounts of money. He could easily let her go after he got the cash but decided not do so.
At least he will be brought to justice because if his incompetence and greed. He deserves only the worst and hopefully that's exactly what he will get. I know desperation can be terrible if you have no money, no shelter and nothing to eat but harming other innocent people is just the worst.

In this case KYC finally had some good result, lucky he wasn't smart enough to use some other innocent person to pass KYC for him.

Dunamisx

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Even as some will tell that they dislike anything that has to do with filling for kyc, they are not going to regret having to go through it to an extent except for privacy reasons, because this csn help them barricade from those trying to take charge of their account from them, kyc os important to an extent if we are not going to bother on the kyc informations for privacy.

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Quote from: vs2014 on September 26, 2024, 03:03:01 PM

A very sad situation that affected on which their daughter was killed by some psycho, it is true that is completely addicted to gambling. Whoever hacks here will demand the ransom and transfer the money to the gambling account. There are many people who will become uninhibited and will even lose their account due to falling into these traps. However, kyc is a very good step because we can easily trace criminals through it. If there is kyc then legal action can also be taken.

We don't know if the criminal is a gamble addict or not, even though the money sent should be to his gambling account, it could be that he really thinks that gambling is not complicated and he thinks it can be safe, but unfortunately the casino asks for KYC.

But the existence of KYC is indeed very helpful for the victim's family to find the perpetrator of the murder of the poor girl, so that they can get the criminal and be punished to get justice for his despicable actions, in terms of benefits, KYC is quite useful for certain urgent and detrimental interests like this.

Topic: Well done KYC. - page 4. (Read 1857 times)