slot_zombie
Meister Member
- Joined
- Jul 25, 2014
- Location
- UK
Sadly not a late April Fool. Some of us already guessed this was in the pipeline.
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Correct as always Jon.This has been happening for a while already, I think....
Sure I recall a thread mentioning Unibet using some sort of credit ref agency and then applying deposit limits to players accounts.
Not likely, because SOW is an Anti-Money Laundering requirement and is separate from affordability. This will replace or go towards establishing affordability.Is this likely to eliminate lower level SOW requests, or am I being naive?
I thought SOW was also to determine whether or not you can afford to play, not just focussed on AML?Not likely, because SOW is an Anti-Money Laundering requirement and is separate from affordability. This will replace or go towards establishing affordability.
I agree that the piece is misleading, much like most things you find in the mainstream media like The Daily Mail. It speaks of the Will Hill fine and someone depositing £70,000 in one day, which I fail to see how a soft credit check would stop. If you can deposit £70K without the use of some form of credit, which we know is banned in UK Gambling, then you are credit-worthy.
I thought SOW was also to determine whether or not you can afford to play, not just focussed on AML?
Let me rephrase my question - could this potentially reduce the instances of SOW checks for a £50 deposit / £1000 withdrawal scenario? Actually now that I’ve written it out I realise that no number of pre-checks will eliminate this sort of dodgy behaviour.
Due to the nature of money laundering, they are obliged to trace to the original source, so if you are self-employed and your customer pays you 15k, and you gamble 15k, they need to know the legitimacy of those funds to combat laundering.
Yeah not keen on the credit check method.Unibet Mr Green William hill they are doing credit check since year ago, bad credit score they close the account right away, is 100% wrong to give them access to credit score to casinos
nothing will stop problem gamblers if they dont want to stop them self special now when 1000s of illegal casinos get advertise on every forum
The only real test of affordability from the casinos' POV is via open banking in conjunction with a Stat Credit Report.
Like already been said, it’s already been happening without you knowing possibly, I have had casinos showing up on credit reports for AML from as long as over 18 months agoYeah not keen on the credit check method.
I had a disagreement with a mobile phone provider a few years back over a final payment when switching provider. Long story short they defaulted me over £50…and I believe mobile phone providers aren’t covered by the same regulator as other credit facilities, so they didn’t even have to send a default notice prior to the default being applied.
Yeah been seeing them on my soft searches for a couple of years now, they’ve been coming up as ‘affordability’Like already been said, it’s already been happening without you knowing possibly, I have had casinos showing up on credit reports for AML from as long as over 18 months ago
Yeah, i wouldn't willy nilly go Open Banking. They could just 'take your word' you earn 40k, i guess, a year...Well online for me is coming to and end then as I’m not giving fraudsters an even easier time by linking all my banks together NO chance.
And I would argue that even that don’t prove affordability, if someone has no debts and has 500 in there account does that mean they can afford to deposit and lose 500? If they wanted to?
What if they on a credit meter for gas/electric that’s empty and no food in house, and has no debt and 500 in bank? What about now?
it’s just all subjective.
At the end of the day the only person playing judge, jury and executioner over someone’s finances should be the individual themselves. Playing at a casino isn’t applying for credit so I do not see why an individual should be privy to the same affordability checks. It’s no one else’s business whether someone spends their last tenner on gambling or not.Well online for me is coming to and end then as I’m not giving fraudsters an even easier time by linking all my banks together NO chance.
And I would argue that even that don’t prove affordability, if someone has no debts and has 500 in there account does that mean they can afford to deposit and lose 500? If they wanted to?
What if they on a credit meter for gas/electric that’s empty and no food in house, and has no debt and 500 in bank? What about now?
it’s just all subjective.
Best way to be these daysYeah my mate only earns about 20k, but he lives at home still, they pay for everything so he actually has a disposable income of about 20k lucky git lol
You're now known as the man to tap...Hey Lemon, don’t be sour, only my Mother calls me Steven!
I don’t mind that bit of info being let out the bag, several people on here know l’m “Steve”.