SOW - Casinos not requesting Source of Wealth?

[colinsunderland]

But you don't necessarily need to have a withdrawal pending to be held to ransom Colin.

You can trigger a SOW upon making a deposit and immediately have your account locked/frozen pending completion of SOW.

It may not be a pending withdrawal, but it amounts to the same thing.
You are being prevented from doing what you wish to do with YOUR MONEY.

Casinos are DELIBERATELY exploiting this rule left, right and centre.
And then hiding behind the smokescreen that is "regulatory compliance" in order to justify what is basically an act of blackmail.
Or in the case of a TRULY SCUMMY outfit like Casumo, an act of outright THEFT.

Let's call it what it really is. Being a fraud and a cu**. And doing so out of sheer spite.

If casinos are that concerned about regulatory compliance, how about doing so BEFORE the player makes a deposit?
But no....that wouldn't be any good, would it? Can't go passing up any opportunities to steal a player's money illegally, can they?

Regulation has been a complete shitshow from the start. It's done nothing to protect players.
It's merely given operators more means with which to shaft the customer.

ok, just to be clear, I didn't have any money in any of the accounts.
I had made recent deposits & withdrawals at Rizk and LV Bet, I hadn't at the other 2, which make it even worse. How could I have hit any trigger or been suspected of using illegal funds, when my previous deposits were over 6 months ago.

If I had had money in them I still wouldn't have supplied what they asked for, and would have had my money by now.
As an aside, but related to this, LeoVegas are liars so I would suggest people don't play at their properties. Telling me they had deleted all my account information when they hadn't.

 

[bamberfishcake]

Telling me they had deleted all my account information when they hadn't.

They've recently taken the free train to increased profits through lower RTP also.

I dont recall getting an email mentioning anything.

Such a cheap move, joining the long line of rip off casinos on the UK market. At least they will be improving their profits this year easily which will add to the culture of continual improvement.

Expect to see more coming each quarter.

I only wonder what tricks the casino's will come up with when there is no easy route to improvement. Maybe spend some money on training their staff to be more efficient and implementing automated systems to increase profits that way? Nah, lets reduce further, i mean whats the worse that can happen? The arse fall out of the UK market?

Think you can only blame the UKGC for the abuse of regulations. The mice will run whatever maze is laid out.

 

[6HellsBells6]

Funny enough, I got hit with a Sow last week. I have been with this site over a year now.
Ive made many deposits and just the one withdrawal at the beginning of playing this site. My luck over 7months of weekly play has been shockingly F***ing crap.

Before this I took the option of a time out break for a month. Few days later after it had expired I got asked to upload a payslip etc in their document upload function. But the function hasn't appeared.
Obviously, I haven't pursued on asking why I cannot upload the required Docs, as I don't intend too. None of their F***ing business what I earn or from who.

Still can deposit and play their but get the feeling if by some miracle I do mange a withdrawal from this site, it will probably be locked due to the Sow.

I'm not even Uk, so don't know why this law covers me either

 

[Steviedoo]

Funny enough, I got hit with a Sow last week. I have been with this site over a year now.
Ive made many deposits and just the one withdrawal at the beginning of playing this site. My luck over 7months of weekly play has been shockingly F***ing crap.

Before this I took the option of a time out break for a month. Few days later after it had expired I got asked to upload a payslip etc in their document upload function. But the function hasn't appeared.
Obviously, I haven't pursued on asking why I cannot upload the required Docs, as I don't intend too. None of their F***ing business what I earn or from who.

Still can deposit and play their but get the feeling if by some miracle I do mange a withdrawal from this site, it will probably be locked due to the Sow.

I'm not even Uk, so don't know why this law covers me either

I would stop playing immediately.
They will hold your withdrawal.

 

[6HellsBells6]

I would stop playing immediately.
They will hold your withdrawal.

I find it funny though as nothing as changed that would of triggered it, I am even doing less deposits here and believe me they are not big deposits at that either although sometimes they can be multiple but nothing exceeding 400 in a week.

Their timing couldn't be better though, even if i was to provide them anything as we are in lockdown at the moment and obviously alot of people are out of work. If they were that concerned they could of asked this long ago. And yet I can still deposit and ask to receive and get bonuses.

Seems Casinos nowadays, Hold all the cards and and can use any clause at their disposal, if and when they feel like.
If they really cared, which they don't, they could do all their checks after a month or 2 and not over a year down the line.

It's like I joined (energycasino) at the start of last year and asked 5 times over the course of the year, if i can be verified which I kept having the answer off, it is not needed yet but we will contact you once we do.

I deposited just under 1k during that year but in the end I got fed up and asked to close my account last month. Never made a withdrawal as only the once i was in the position to do so but blew it chasing a tournament.

But what gets me is that my current go to casino asking for the Sow after all this time, It's probably gamblers fallacy that I still play here because of what I have deposited over the year but from experience there is always some sort of kick back at some random times that give me a enjoyable session.

And this is probably down to spins and wagers put through the slot at different times. Whether you believe that or not is a completely different story.

 

[Okla]

What if you have money that comes into your bank and its gifts or friends paying you back big lump sums can the casino say anything about this when they do SOW check and see these type of transactioins in your bank?

 

[snorky510238]

Regarding SOW, in some cases it automatically triggers when you have deposited a certain amount, (10k) in a lot of cases.

It is farcical really, like most Commissions that are made up of dinosaurs that are completely out of touch with reality. The type that have been educated through affordability rather than having a natural aptitude to begin with.

We shouldn’t be surprised, people that fall into that bracket have been controlling our lives for years. You only need to watch them in the House of Commons or Lords, getting paid for falling asleep. Disgraceful and that’s with a camera on them. If it wasn’t, would they even get out of bed?

It shows how manipulated the SOW trigger is anyway because if they were really bothered you would be asked to provide all this information before you could open an account. The Casinos would obviously oppose this saying that will prevent people signing up.

On the face of it, that shouldn’t be a concern for the UKGC, should it? Their purpose here is to make sure money is clean and your gambling is affordable, isn’t it? Why then is it not done before you are allowed to deposit?

It’s total hypocrisy really, the government wants the revenue just as much as the Casino but can’t be seen in that light. Therefore they try and hide behind the “Good Samaritan” role and think we won’t notice.

If it’s really that important that money is “clean” and players can afford it, how did the threshold get set at 10k? Where is the logic there?

Imagine the conversations that take place in accounts. “Turns out player “A” couldn’t afford it, in debt up to the eyeballs, oh we’ll lose a bee, gain a bee”. “Yeah turns out player B was getting funds payed into their account that were really dodgy looking, still we have had the 10k, mustn’t grumble.

What I am pointing out is that whilst I don’t agree with it, if it has to be done, you cannot make a justifiable case for doing SOW anywhere other, than at the very start.

 

[colinsunderland]

Regarding SOW, in some cases it automatically triggers when you have deposited a certain amount, (10k) in a lot of cases.

It is farcical really, like most Commissions that are made up of dinosaurs that are completely out of touch with reality. The type that have been educated through affordability rather than having a natural aptitude to begin with.

We shouldn’t be surprised, people that fall into that bracket have been controlling our lives for years. You only need to watch them in the House of Commons or Lords, getting paid for falling asleep. Disgraceful and that’s with a camera on them. If it wasn’t, would they even get out of bed?

It shows how manipulated the SOW trigger is anyway because if they were really bothered you would be asked to provide all this information before you could open an account. The Casinos would obviously oppose this saying that will prevent people signing up.

On the face of it, that shouldn’t be a concern for the UKGC, should it? Their purpose here is to make sure money is clean and your gambling is affordable, isn’t it? Why then is it not done before you are allowed to deposit?

It’s total hypocrisy really, the government wants the revenue just as much as the Casino but can’t be seen in that light. Therefore they try and hide behind the “Good Samaritan” role and think we won’t notice.

If it’s really that important that money is “clean” and players can afford it, how did the threshold get set at 10k? Where is the logic there?

Imagine the conversations that take place in accounts. “Turns out player “A” couldn’t afford it, in debt up to the eyeballs, oh we’ll lose a bee, gain a bee”. “Yeah turns out player B was getting funds payed into their account that were really dodgy looking, still we have had the 10k, mustn’t grumble.

What I am pointing out is that whilst I don’t agree with it, if it has to be done, you cannot make a justifiable case for doing SOW anywhere other, than at the very start.

I don't disagree with some of what you say, but you can't do AML checks on someone before they have made a deposit. The ONLY way that could work would be if you did it each and every time they were going to deposit and know the amount. Otherwise I could go through a SoW now, deposit £50, then pay £20k in 'hot' money into my account and deposit thousands.

 

[snorky510238]

Yeah true, my point was more to do with people who couldn’t really afford to lose 10k to begin with.