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- Dec 13, 2017
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Nickslots.. official btw
‘ I can do whatever the fuck I want, I’m a streamer’
few moments later...
1k limit
You're having a day eh
Nickslots.. official btw
‘ I can do whatever the fuck I want, I’m a streamer’
few moments later...
1k limit
I'm still intrigued as to how/why anyone would want to launder money through a casino. I mean if you're lucky you make 1 or 2 withdrawals out of every 20 deposits. Plus you've already left a digital trail. Pretty brainless. With this, it should be easy to spot a launderer without needing to chastise the average punter who spends maybe £50 a week hoping to get lucky.
The issues are coming because of AML and RG being conflated into one and the same with these checks. As you have said before, there should be reasonable suspicion that someone is gambling in a nefarious way before all manner of sensitive documents are requested.
If the money comes from my bank account, its mine. whether its £10 or £100,000You're not being stopped from doing it, you just need to be able to prove where the money came from, which is only right, within reason. Casinos go over the top, the AML are the same for casinos as they are for banks, car dealerships etc etc.
Back in the 80's and 90's I saw a lot of money laundering and proceeds of crime being used, with barely any checks done, which lead to a lot of serious criminal activity. It needed clamping down on.
What isn't needed is casinos demanding bank statements from your mate who lent you a tenner in 2015 to prove he hadn't stolen the money he transferred to you!
If the money comes from my bank account, its mine. whether its £10 or £100,000
I think the bank may ask a few questionsIf i ever rob a bank ill remember to quickly deposit it into my account so it becomes mine.
Its the perfect crime.
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Ill obviously deposit it in the bank on the other side of the street.If it's already in your account then why would a launderer launder it again? This is why I don't understand SOW checks on UK debit card transactions with casinos. To be fair, I think the UK bookie sites understand this. The Maltese lot don't seem to.
I think the bank may ask a few questions
Yeah I don't get it either. As I said in another thread, it's meant to be fun and spontaneous...that's the whole point.Really think 2021 will see the death of UK online gaming as we know, we are right on the edge now and another round of
regulations will finish it.2020 has got to be the worst years experience ever for me although somehow I am still in profit
but the funs gone, knowing everything you do including loss levels,deposits levels and time spent online is being
monitored by computers which are generating masses of alerts which are being processed by countless teams of
faceless people.Reminds me very much of the film Brazil (an offbeat version of 1984).
Dont know why gambling has been singled out for this treatment,been around since roman times and before , now suddenly
it is portrayed as immoral and seedy, something a responsible person should not be doing and if they must do it, it will
be on the states terms.
Presumably you're not a criminal then, and don't do anything wrong. Others are criminals and do.If the money comes from my bank account, its mine. whether its £10 or £100,000
Presumably you're not a criminal then, and don't do anything wrong. Others are criminals and do.
For example, someone who works fiddle and gets say £500 a week while claiming benefits goes to coral, deposits say £300 cash over the counter, then £20 online using a debit card, does a few £50 roulette spins, £24 black, £24 red, £2 zero, then withdraws £300 or thereabouts, to their bank account, they now have £300 of that dodgy money now legitimate,
now it would (not always), it wouldn't have a couple of years ago (in fact I know of at least one malta based casino where money laundering is very easy due to how their payments system is set up), and thats why the UKGC clamped down on casinos not following AML procedures. As usual the Maltese casinos, who generally don't have UK legal representation, have gone massively over the top in what they do. The reason skybet et all don't request 1000 documents when you deposit a tenner is because they understand the law properly.This would be picked up by the casino very quickly, who would then rightly request SOW etc No legit player would bet in that way it would be obvious they had a suspected money launderer
If it's already in your account then why would a launderer launder it again? This is why I don't understand SOW checks on UK debit card transactions with casinos. To be fair, I think the UK bookie sites understand this. The Maltese lot don't seem to.
I think the bank may ask a few questions
Really it should though, as the bank has to do SoF checks as part of their AML obligations. However the UKGC state clearly that casinos shouldn't rely on other parties to have done the checks. Personally I think the banks should be doing this type of thing, they can see all transactions, and where they came from, rather than a casino based outside the UK wanting all your financial information. It will only be a matter of time until we find out some casino employee has shared all customer data like this with someone else. While that could happen with a bank, I would suggest it is much less likely.The Casino have no idea where the money in your bank has come from.
Just because it's in your account, does not mean the money is clean.
Hence SOW checks to find out.
Easy to sort if your PAYE, a ball ache if not.
Completely agree. Leave it to the banks.Really it should though, as the bank has to do SoF checks as part of their AML obligations. However the UKGC state clearly that casinos shouldn't rely on other parties to have done the checks. Personally I think the banks should be doing this type of thing, they can see all transactions, and where they came from, rather than a casino based outside the UK wanting all your financial information. It will only be a matter of time until we find out some casino employee has shared all customer data like this with someone else. While that could happen with a bank, I would suggest it is much less likely.
Might aswell go down the route of 'suicide because wife left' or 'suicide because lost job' then.Think we need to take into consideration the 1.5 suicides per day in the UK related to online gambling. Coroners are coming under increasing pressure to put on death certificates suicide as a result of gambling addiction, bill currently in the house of lords. If passed this will leave even greater liability at the hands of online casinos, if there is such a thing. Online slots as it once was is gone, hard to see it come back, and online casinos will reduce rtp to suit
There is a blame culture. It's easier for people to blame someone or something rather than face the fact that we are humans and get ill...that includes mentally. Things won't get better as long as we focus on the symptoms rather than the root cause.Think they were happy down that route and to continue down it until 3 people started killing themselves every 2 days, which doesn't happen with job losses/separations. Agree that its a mental health issue but there is no health service in the UK to deal with it, after decades of austerity. Its only goin to get worse which is why they have to be seen to be doin something, and what were seeing now is the results.
Of course. Anything that triggers a dopamine response is addictive.You do realise slot machines in themselves r designed to be addictive?
I'm not disagreeing with you mate, I just wish as much effort was put into combating mental health issues rather than pissing around the edges like we are seeing.The majority that cause this amount of death already are banned mate. I'm not trying to pick a fight, just stating the facts whether we like it or not. Truth is, its all happening above our heads anyway.