Rizk - source of wealth request

[ed skull murphy]

Its the law that they have to do it isn't it? As for closing your account if they do, you can't have many accounts left as I don't know a single casino thats UK licensed that doesn't say you have to turn your deposit over once, apart from bookies, who tend not to enforce it.

I've had it three times, and closed all three. Allbritish, Bet-at-home, can't remember the third, off the top of my head. edit: Videoslots

Maybe I've played through at the other places, but I'm certain that has not always been the case. To me it is a ridiculous practice, please show me the law that says that it is a requirement.

 

[goatwack]

I fail to see what part of that is unreasonable. It's a perfectly normal practice. From a casino's point of view, they don't want to bee seen as a free laundrette whereby those people actually wanting to launder money can do so, no questions asked.

To expect a 1x playthrough is basic if anything, no one is asking for 10x. And even with the mere one time wagering, a person could still theoretically pass through dirty money and receive 'clean' money. Hardly unfair on the player's part

 

[colinsunderland]

I've had it three times, and closed all three. Allbritish, Bet-at-home, can't remember the third, off the top of my head. edit: Videoslots

Maybe I've played through at the other places, but I'm certain that has not always been the case. To me it is a ridiculous practice, please show me the law that says that it is a requirement.

I fell foul of it at Betfair about 20 years ago so certainly has been done for a long time. I didn't say it is definately the law, hense the ?, I think it is part of the anti money laundering regs, but am out at the moment so can't glance at them to see if I can find it. Certainly every casino I can think of has it in its terms and conditions though and has done for years. Which other casinos do you play at, look at the T&C and I would be very surprised if it isn't in all of them

Some casinos even specify 2x, I don't play at them.

 

[ed skull murphy]

I fail to see what part of that is unreasonable.

For example, I deposited £300 at VS, after about twenty spins on the wheel of Satan, I was £200 in front, tried to withdraw £500, perfectly reasonable request, imo, but was not allowed. Bye-bye VS.

I fell foul of it at Betfair

Never been part of my betfair experience, or anywhere else, except the three mentioned above.

 

[colinsunderland]

For example, I deposited £300 at VS, after about twenty spins on the wheel of Satan, I was £200 in front, tried to withdraw £500, perfectly reasonable request, imo, but was not allowed. Bye-bye VS.



Never been part of my betfair experience, or anywhere else, except the three mentioned above.

ok, well as I said, UK bookies seem to not hold customers to them, not sure why, but casinos do. When it happened to me Betfair didn't have a sportsbook, I have no idea if its changed since.

 

[goatwack]

For example, I deposited £300 at VS, after about twenty spins on the wheel of Satan, I was £200 in front, tried to withdraw £500, perfectly reasonable request, imo, but was not allowed. Bye-bye VS.



Never been part of my betfair experience, or anywhere else, except the three mentioned above.

Interesting....

So from your perspective, a casino parting with £300 of their money after two minutes when (theoretically) you've put in £200 of your dirty money is fair to the casino?

How would a casino combat basic ML according to you?

 

[ed skull murphy]

Interesting....

So from your perspective, a casino parting with £300 of their money after two minutes when (theoretically) you've put in £200 of your dirty money is fair to the casino?

How would a casino combat basic ML according to you?

It wasn't their money, from my perspective; they lost it to me, fair and square.

It was my money, and they should have paid it out, no questions asked.

The fact that they refused, until I played the remainder of my deposit through, has cost them a customer.

 

[colinsunderland]

It wasn't their money, from my perspective; they lost it to me, fair and square.

It was my money, and they should have paid it out, no questions asked.

The fact that they refused, until I played the remainder of my deposit through, has cost them a customer.

and your solution to stopping the money laundering?

 

[ed skull murphy]

and your solution to stopping the money laundering?

Let's not go there... it's too political for this forum. I realised this, to my detriment, on the President Mister Trump thread.

How much money have you got to launder, Col? Probably about as much as me, which is none.

 

[colinsunderland]

Let's not go there... it's too political for this forum, I realised this, to my detriment, on the President Mister Trump thread.

How much money have you got to launder, Col? Probably about as much as me, which is none.

But thats the point, you're complaining you have to wager your money once, which I totally get, I've won big on my first spin many times and wanted to withdraw, but the reason its there is to stop (pretty basic and stupid) money laundering. So you can't say its wrong and the casinos shouldn't do it without giving a workable alternative, otherwise they will all become the middle man in massive money laundering operations.

EDIT: Remember money laundering isn't just limited to drug dealers, John from the pub might be claiming benefits, working cash in hand. To legitimise his money, deposit £500 with paysafe vouchers, then withdraw immediately to his bank. DWP question him, I deposited a tenner, won £500. Clean money.

 

[ed skull murphy]

otherwise they will all become the middle man in massive money laundering operations.

I may spend a bit of time in writing a detailed and well-sourced post, which I may or may not post on the political rant forum, explaining what I know about 'money-laundering'.

I shall need to mull it over first, because I realise that most folk are utterly brainwashed by the television and print media, etc. and may not be able to absorb such mind-blowing information.

Like I said, on the Pres Mr Trump thread, most members of CM are not ready for this stuff, and may never be ready for it, so don't hold your breath. Failing that, I might just post a few eye-opening links to news articles on the subject.

Peace out

 

[budskap]

Out of curiousity though, where can one actually read about a specific turnover of 1x or more in the licenses? At a lot of casinos you can actually withdraw unwagered money earlier at a fee of ~10% or something like that, which makes one question the whole thing.

 

[ed skull murphy]

Remember money laundering isn't just limited to drug dealers, John from the pub might be claiming benefits, working cash in hand. To legitimise his money, deposit £500 with paysafe vouchers, then withdraw immediately to his bank. DWP question him, I deposited a tenner, won £500. Clean money.

Good luck to him!

In a f**ked up world, a man has to do what he can to make ends meet.

I don't claim benefits, nor do I pay tax, but I cannot blame a young guy in this country for making his way the best he can, in the circumstances.

What else is he gonna do, flip burgers for McDonalds?

edit: and anyway, if you win big at gambling the dwp will deduct it from your benefits

 

[ed skull murphy]

Out of curiousity though, where can one actually read about a specific turnover of 1x or more in the licenses? At a lot of casinos you can actually withdraw unwagered money earlier at a fee of ~10% or something like that, which makes one question the whole thing.

Should be in the terms and conditions somewhere.

 

[colinsunderland]

Good luck to him!

In a f**ked up world, a man has to do what he can to make ends meet.

I don't claim benefits, nor do I pay tax, but I cannot blame a young guy in this country for making his way the best he can, in the circumstances.

What else is he gonna do, flip burgers for McDonalds?

edit: and anyway, if you win big at gambling the dwp will deduct it from your benefits

I didn't make any judgement on what he was doing, just stating thats money laundering too. Most people when they see casinos talking about AML automatically think of international drug dealers cleaning billions, but they are designed to catch people laundering much smaller amounts too. As long as you keep your balance under 6k they won't touch it, and you would only launder what you needed in bank to pay bills etc, obviously 'John' would keep the rest of the cash in his house hidden in a safe under the carpet

What I see as the main problem in all this is, the UKGC should give clear instructions on it, and all casinos should stick to it. They shouldn't say 'its up to each casino what they class as a trigger, and what action they take'. They should say 'if this happens, you do this'.

They all have different procedures and none will discuss it. I've even had one rep say its against the law to talk about the AML's, but didn't answer when I asked what law. It isn't, that was rubbish. How can customers confidently play somewhere if they don't know what they may have to supply at some point in the future, to get their winnings?

The other thing I feel strongly about is how far back they can go. If I deposit today and show my deposit came from a win last week, that should be the end of it. If there were concerns where the deposit came from that generated that win, then the previous casino should have asked, not this one.

 

[goatwack]

I may spend a bit of time in writing a detailed and well-sourced post, which I may or may not post on the political rant forum, explaining what I know about 'money-laundering'.

I shall need to mull it over first, because I realise that most folk are utterly brainwashed by the television and print media, etc. and may not be able to absorb such mind-blowing information.

Like I said, on the Pres Mr Trump thread, most members of CM are not ready for this stuff, and may never be ready for it, so don't hold your breath. Failing that, I might just post a few eye-opening links to news articles on the subject.

Peace out

I am most grateful that you'd take the time to converse with us uncivilized plebs on CM

 

[ed skull murphy]

I didn't make any judgement on what he was doing, just stating thats money laundering too. Most people when they see casinos talking about AML automatically think of international drug dealers cleaning billions, but they are designed to catch people laundering much smaller amounts too. As long as you keep your balance under 6k they won't touch it, and you would only launder what you needed in bank to pay bills etc, obviously 'John' would keep the rest of the cash in his house hidden in a safe under the carpet

What I see as the main problem in all this is, the UKGC should give clear instructions on it, and all casinos should stick to it. They shouldn't say 'its up to each casino what they class as a trigger, and what action they take'. They should say 'if this happens, you do this'.

They all have different procedures and none will discuss it. I've even had one rep say its against the law to talk about the AML's, but didn't answer when I asked what law. It isn't, that was rubbish. How can customers confidently play somewhere if they don't know what they may have to supply at some point in the future, to get their winnings?

The other thing I feel strongly about is how far back they can go. If I deposit today and show my deposit came from a win last week, that should be the end of it. If there were concerns where the deposit came from that generated that win, then the previous casino should have asked, not this one.

When a casino makes an issue about such paltry amounts, and state AML concerns as the reason, it seems to me as just a further excuse to delay payments in the hope that the customer plays it back, and loses.

There are far better ways of laundering a few thousand here and there, and why would the average Joe want to do that anyway? Better, as you say, to keep it under the mattress (safer than in the bank, these days).

It's all about controlling the masses, as far as the 'authorities' are concerned, and unless people resist, it shall only get worse.

 

[ed skull murphy]

I am most grateful that you'd take the time to converse with us uncivilized plebs on CM

I am an uncivilised pleb too, but I came up against 'the machine', and not in a small way, back in the '90s, and that snapped me out of the mind-control that most of us, unfortunately, are under.

I have spent the last decade force-feeding myself with this information, almost to the exclusion of anything else, and have a pretty good idea of how the world really works. Let's just leave it at that.

 

[budskap]

Should be in the terms and conditions somewhere.

Talking about the text in the licenses the casinos refer to, not the casinos T&C.

 

[pinnit2014]

But thats the point, you're complaining you have to wager your money once, which I totally get, I've won big on my first spin many times and wanted to withdraw, but the reason its there is to stop (pretty basic and stupid) money laundering. So you can't say its wrong and the casinos shouldn't do it without giving a workable alternative, otherwise they will all become the middle man in massive money laundering operations.

EDIT: Remember money laundering isn't just limited to drug dealers, John from the pub might be claiming benefits, working cash in hand. To legitimise his money, deposit £500 with paysafe vouchers, then withdraw immediately to his bank. DWP question him, I deposited a tenner, won £500. Clean money.

And the weirdness of how many nail bars have opened up in the city, how many pubs have no custom but still exist year after year. A Breaking Bad scene probably does the best dummy guide to it

When i worked in audit in the NHS one of the most obvious/laughable ones was: guy came in for operation. When you come in you hand over all your possessions etc. This guy came in, and i kid you not, with 20k in cash in Tesco bags. He ended up getting the op, trading the dirty money with a lovely clean cheque upon a successful op Sadly, no one thought stoating in with 20k in notes was a bit odd

 

[SpinUk]

Its the law that they have to do it isn't it? As for closing your account if they do, you can't have many accounts left as I don't know a single casino thats UK licensed that doesn't say you have to turn your deposit over once, apart from bookies, who tend not to enforce it.

Trada doesn’t (or certainly never used to)

 

[budskap]

Trada doesn’t (or certainly never used to)

All deposits must be rolled over at least once prior to any withdrawals being permitted.

 

[GC_Konstantin]

I've had it three times, and closed all three. Allbritish, Bet-at-home, can't remember the third, off the top of my head. edit: Videoslots

Maybe I've played through at the other places, but I'm certain that has not always been the case. To me it is a ridiculous practice, please show me the law that says that it is a requirement.

Nothing ridiculous for any casino, bingo room, sports book or poker room etcetera to ask for player's deposit to be either: a) wagered in full before being withdrawn; or b) impose a fixed % fat fee if a) is not met.

On the other hand, it is stupid (or ill intended) for a player to deposit $10,000 then wager only $1,000 (or nothing at all) and request to withdraw his/her whole balance in full (even if he won big early).
If you deposit $X amount, you deposit that to play with it, right ? So, even if you won big early and want to withdraw, you should wager your deposit in full +$1 and then request your full balance to be withdrawn.

However, some other aspects to take into account: is the minimum deposit requirement too big for you? -- Then don't play at that casino ! Search another one with lower deposit requirements, there are lots !
There are cases when some (roguish) casinos make abuse of the above rules like telling you it is OK to wager your deposit in full then withdraw your full balance and out of the blue you find yourself blacklisted for doing that.

 

[ed skull murphy]

Nothing ridiculous for any casino, bingo room, sports book or poker room etcetera to ask for player's deposit to be either: a) wagered in full before being withdrawn; or b) impose a fixed % fat fee if a) is not met.

So what I shall have to do in future is keep a deposit window open on another screen, all filled in and ready to go, and make incremental £50 deposits instead. That way the casino will get stiffed for multiple transaction fees instead of just the one.

 

[CasinoNinja]

I can see Videoslots have started doing the same thing now, just the forms though, which I am happy with.

I also saw that one of their workers from their Payment and Fraud team checked my LinkedIn profile, so it's good to see it's done thoroughly

 

[Boris85]

I can see Videoslots have started doing the same thing now, just the forms though, which I am happy with.

I also saw that one of their workers from their Payment and Fraud team checked my LinkedIn profile, so it's good to see it's done thoroughly

Great stuff!!! Friend request on Facebook next ?

 

[goatwack]

Yeah not sure casinos prying into my social media should be applauded, at what point can they decide to not pay someone because they don't think your £200 deposit tallies with your previous jobs

Complete farce

 

[slotter999]

Yeah not sure casinos prying into my social media should be applauded, at what point can they decide to not pay someone because they don't think your £200 deposit tallies with your previous jobs

Complete farce

That's absolutely a step too far. I wonder how that fits in with the new data protection laws. Surely that has to be an abuse of personal information. And besides if I put myself down as a brain surgeon on LinkedIn how is that in anyway authoritative / validation.

Still. This source of wealth stuff is slowly building up to become the next big thing to add to your list of concerns when you hit something big and dare to hit cash out. Obviously they won't do it before you deposit....it's not like they care where the funds are from or anything

 

[Steviedoo]

I may spend a bit of time in writing a detailed and well-sourced post, which I may or may not post on the political rant forum, explaining what I know about 'money-laundering'.

I shall need to mull it over first, because I realise that most folk are utterly brainwashed by the television and print media, etc. and may not be able to absorb such mind-blowing information.

Like I said, on the Pres Mr Trump thread, most members of CM are not ready for this stuff, and may never be ready for it, so don't hold your breath. Failing that, I might just post a few eye-opening links to news articles on the subject.

Peace out

I don’t think anyone is quite ready for your condescending attitude to be quite honest...to have to read your posts that repeatedly say how everyone else on this board is just plain stupid and you are the smartest guy around and you know how everything works because the rest of us are too dumb or too brainwashed to know anything is a bit much. Do you hear yourself? Does it make you feel powerful to say these things?

 

[Jono777]

Upon log into Casumo yesterday I was presented with a drop down menu, where from I had to select the closest one to my occupation, then asked if this was my main source of income.

Completed it as it was far from intrusive but requested all over one or two £25 deposits a month, c'mon.

As I said before I feel its not so much the request but the total mis-understanding by certain individuals at casino 'x' which is going to be more of a headache than fulfilling the actual SoW request.

 

[CasinoNinja]

I don't mind that they used my LinkedIn profile to verify, it's sort of my business side anyway. It's not like it's facebook or instagram etc.
But I would rather that they do that then that I would have to submit my payslips..

 

[aceking123]

so what is the outcome or whats happening in regards to the law about this within these casinos. i have just had this today from these guys, clearly where do i stand on this ? i do not want to send any info period about what i earn & what i spend , if this was a mortgage or something that's different , but i dont trust any casino period with information like what they are asking for ???