Betsson demands private financial information about me

Jasminebed

Game old gal
Joined
Mar 13, 2008
Location
Ontario
Problem is, for many players this request will come upon requesting a withdrawal, not upon wishing to make a deposit.

If 2,000 in deposits is the trigger, do you think casinos will block me from depositing $100 when I've deposited $1950 before this?

My deposits at 32Red this year were in excess of 33K. My withdrawals were in the neighbourhood of 40K. This helped fund my play at places I did not do so well at. They did not happen in a single day of course.

Skrill asked a couple of members a while back for Source of Wealth http://www.casinomeister.com/forums/payment-processing-issues/74694-fuc-ng-skrill.html

What they wanted from gamblers was relatively simple to provide and not overly invasive IMO.

The OP provided his ewallet information showing payments from other casinos.
 

colinsunderland

Experienced Member
webmeister
MM
Joined
Jan 28, 2016
Location
uk
Problem is, for many players this request will come upon requesting a withdrawal, not upon wishing to make a deposit.

If 2,000 in deposits is the trigger, do you think casinos will block me from depositing $100 when I've deposited $1950 before this?
They should, especially as its source of funds they are looking at, and all casinos should have their policy set out on screen for people to read rather than be a hidden term that doesn't actually tell you anything.
 

Casinomeister

Forum Cheermeister
Staff member
Joined
Jun 30, 1998
Location
Bierland
There is a new EU directive that is coming into force this year in a couple of months.

Any online business not only online casinos need to know the source of funds when gambling over a certain amount. These questions will become more frequent from casinos after the summer.
Yep, this is true. I mentioned this in my Malta report in November 2015 - Day 1:

BAC and Malta report 2015
 

Tirilej

Still a Lady
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MM
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Location
Sweden
This is what is written in Betssons rules and in most casinos rules I would say.

6.3 Other forms of verification
We are under a strict duty as a gambling operator, in accordance with various laws and regulations, to ensure that you are who you claim to be and that the funds that you use to play are your funds and are earned legitimately. We may therefore perform third party searches against your name, compare the personal information you have provided or we otherwise hold against other databases and make such enquiries and request such information and documents as we require to validate your account and the funds being used to play in that account. Failure to provide any information asked of you to enable us to comply with our obligations under such laws and regulations (or providing incorrect information) will result in your account being closed and / or you being reported to the relevant regulatory body (including, without any further notice to you, criminal and serious crime monitoring / reporting agencies in any territory) .
 

colinsunderland

Experienced Member
webmeister
MM
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Location
uk
This is what is written in Betssons rules and in most casinos rules I would say.

6.3 Other forms of verification
We are under a strict duty as a gambling operator, in accordance with various laws and regulations, to ensure that you are who you claim to be and that the funds that you use to play are your funds and are earned legitimately. We may therefore perform third party searches against your name, compare the personal information you have provided or we otherwise hold against other databases and make such enquiries and request such information and documents as we require to validate your account and the funds being used to play in that account. Failure to provide any information asked of you to enable us to comply with our obligations under such laws and regulations (or providing incorrect information) will result in your account being closed and / or you being reported to the relevant regulatory body (including, without any further notice to you, criminal and serious crime monitoring / reporting agencies in any territory) .
yes, but this is just an EU Directive, it isn't law (yet) so any casino asking me for this information now would be getting a short answer, or being requested to tell me exactly which law or regulation they are requesting it under. When it is actually law then I might change my view, but not before.
 

Jasminebed

Game old gal
Joined
Mar 13, 2008
Location
Ontario
And come next year, those players who reside in the EU will be getting a rude wake up call. After April 2016, casinos licensed and or operating in the EU will be required to ask where their players funds are coming from. So you, as a player, will be sending in not only your IDs and phone bills, but declaring what your occupation is and what is your source of income. Some players may not have an issue with this, but I have a feeling that many will. It's far too intrusive - many gamblers are protective about their identities. It's another example of a ridiculous nanny-state that we're in.
The relevant part from Bryan's report.

I think I'm going to go bump that thinking about quitting thread.
 

Mr Wild

Experienced Member
Joined
Mar 10, 2015
Location
Malta
I bet the casinos hate this even more than the players. Because the casinos are forced to do it, even do they know they will lose big business on it. Plus a lot of unnecessary confrontations with irritated players.
 

Jasminebed

Game old gal
Joined
Mar 13, 2008
Location
Ontario
I bet the casinos hate this even more than the players. Because the casinos are forced to do it, even do they know they will lose big business on it. Plus a lot of unnecessary confrontations with irritated players.
And if this legislation is brought into effect on one day for all casinos, imagine the backlog that will be created.

Maybe all sites should start sending out notices now and asking players to voluntarily submit them before needed "as to prevent disappointment with delays due to high volume" or something along those lines.
 

Tirilej

Still a Lady
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And if this legislation is brought into effect on one day for all casinos, imagine the backlog that will be created.

Maybe all sites should start sending out notices now and asking players to voluntarily submit them before needed "as to prevent disappointment with delays due to high volume" or something along those lines.

If I understood it correctly then not all players would be asked. Just those that made large deposits during a certain timeframe according to MrWild.
Also if the casino are seing something suspicious I guess.
I doubt any casino will ask me, especially not those where I have played at the last years.

We'll find out soon enough I guess but I refuse to get upset until I know.
 

Jasminebed

Game old gal
Joined
Mar 13, 2008
Location
Ontario
If I understood it correctly then not all players would be asked. Just those that made large deposits during a certain timeframe according to MrWild.
Also if the casino are seing something suspicious I guess.
I doubt any casino will ask me, especially not those where I have played at the last years.

We'll find out soon enough I guess but I refuse to get upset until I know.
In the course of searching to find the skrill thread a couple of days ago, I came across a KYC forum when searching for Source of Wealth. One operator was asking about this for a "low risk" customer that listed "property and inheritance" and what proof of this to ask for.

Another member of that forum said even if a customer spends $2 (or maybe it was two euros) they want to know.

Over the years, most of my tenants have paid me in cash, or made a deposit of cash themselves into my bank account. I'm too small a landlord to set up direct deposit options for me.

A close personal friend and online gambler is a waitress. She often will come home and make a deposit based on her night's tips to unwind at 3 am.
 

Tirilej

Still a Lady
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MM
Joined
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Location
Sweden
In the course of searching to find the skrill thread a couple of days ago, I came across a KYC forum when searching for Source of Wealth. One operator was asking about this for a "low risk" customer that listed "property and inheritance" and what proof of this to ask for.

Another member of that forum said even if a customer spends $2 (or maybe it was two euros) they want to know.

Over the years, most of my tenants have paid me in cash, or made a deposit of cash themselves into my bank account. I'm too small a landlord to set up direct deposit options for me.

A close personal friend and online gambler is a waitress. She often will come home and make a deposit based on her night's tips to unwind at 3 am.
Also it's not only casinos that will do this. It's companies all over Europe.

I do get your concerns, but in some ways I still think it's humans who works at casinos, and they are allowed to make up their own minds about customers.
What is scary for them is if you should be convicted for money laundring later and they haven't done a proper check, then they have to pay for it too.

Maybe some rep could be asked to post what they think, or you could ask someone in private. This thread was about Betsson so maybe we could ask him.
 

cnichas

Full Member
PABnoaccred
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Location
Johannesburg
Perhaps the plot thickens

I bet the casinos hate this even more than the players. Because the casinos are forced to do it, even do they know they will lose big business on it. Plus a lot of unnecessary confrontations with irritated players.
I Agree , the casinos are going to find this just as much a headache as us players as it would more than likely detour fresh player singups, looks to me to be a kind of assault on the industry , maybe slowing it's growth down for whatever reason :p
But that's my conspiracy theory thinking maybe getting carried away :eek:
If this intrusive KYC procedure picks up momentum then one is certain Bitcoin casinos will certainly capitalize over this issue
 

Jasminebed

Game old gal
Joined
Mar 13, 2008
Location
Ontario
Seriously, all merchants? Are they trying to sink the EU? Purchasing accommodation for a trip can easily exceed that. Want a new computer? A camping trailer? Time for new appliances? Looking for that ring to finally pop the question?

I actually have less problem providing it to casinos that face some regulation rather than all and sundry merchants. Look at the data breaches even at major retailers over the past few years.

So let's say I wholesale auto parts. Do I simply refuse to sell if I suspect criminal activity? Or do I report it somewhere?
 

Tirilej

Still a Lady
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Apr 18, 2009
Location
Sweden
Seriously, all merchants? Are they trying to sink the EU? Purchasing accommodation for a trip can easily exceed that. Want a new computer? A camping trailer? Time for new appliances? Looking for that ring to finally pop the question?

I actually have less problem providing it to casinos that face some regulation rather than all and sundry merchants. Look at the data breaches even at major retailers over the past few years.

So let's say I wholesale auto parts. Do I simply refuse to sell if I suspect criminal activity? Or do I report it somewhere?
No, not all merchants. Just some who deals with larger sums. Cars, banks, casinos etc. But it will not affect everyone.

I did find this and I'm trying to get some clearer answers now.
CDD by casinos where customers wish to place a stake or collect winnings of at least €2,000

You can read about it all over the net. I just want to know if all customers will be checked when they make a bet or cashout of that amount, or if it's just new customers? Can casinos judge by themselves if they are suspecting something, or are they forced to check everyone?

Betsson seems to have started a bit early.
 

fiormal

Dormant account
Joined
Jan 9, 2017
Location
Luhansk
"solved"

"Thank you for your patience while we were investigating.

I am glad to confirm that your recent withdrawal of $*** has been approved today in the morning. The money is on it way to your account. I apologise that the verification process has taken longer than you expected.

At the same time our Security Team has decided to permanently close your account therefore you won't be able to continue playing at Betsson."
 

gambledor

Newbie member
PABnononaccred
Joined
Aug 22, 2017
Location
AUSTRIA
in todays casino and sportsbetting enviroment everyone will get under close suveillance because most countries have strict money laundering laws. and thats properbly why casinos request these documents
 

lord flashheart

Experienced Member
Joined
Mar 20, 2015
Location
UK
There is a new EU directive that is coming into force this year in a couple of months.

Any online business not only online casinos need to know the source of funds when gambling over a certain amount. These questions will become more frequent from casinos after the summer.
I think the Germans are already doing it. I regularly order clothes from a shop in Germany and had to do a full bookie style KYC when paying via credit card!!!
 

b3b44

Experienced Member
Joined
Aug 8, 2011
Location
netherlands
Not only casino's demand it my ewallet demanded it also (Neteller) And if you dont provide your account will be suspended aswell
 

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