videoslots Source of wealth Fraud department!

What I find interesting though in this case is that the SoW came along when the player didn't have a withdrawal held to ransom, and looked like they were going to just walk away from the account...I wonder what position it puts casinos in of a losing player just walks away from an empty account rather than jumping through the SoW hoops. Does the casino have to surrender the money it just won from said player because they have marked them for an SoW request, but have not been able to complete it to satisfy themselves that they have won legitimate funds from the player.
Very interesting point indeed. If a legal challenge was instigated, I wonder what the outcome would be?
I wonder if all this SOW business is an extension of the move to a cashless society, on recent trips to the supermarket it was hard to find a self service till that accepted cash.

At the stage where we only have a digital currency [electronic money rather than paper notes] can we really call it the 'pound' ? I think then we'd be at the start of one electronic currency for the whole world, remember all journeys begin with the first few steps.

Just found a relevant article on the 'investopedia' website, some quotes:

"In March of 2009, U.S.
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Timothy Geithner let it slip that he was "quite open" to the idea of an eventual move toward a global currency run by the
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."

The Downfalls
The most obvious downfall to the introduction of a global currency would be the loss of independent
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to regulate national economies. For example, in the recent economic crisis in the United States, the Federal Reserve was able to lower interest rates to unprecedented levels and increase the
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in order to stimulate
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. These actions served to lessen the severity of the
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in the United States.

Under a global currency, this type of aggressive management of a national economy would not be possible. Monetary policy could not be enacted on a country by country basis. Rather, any change in monetary policy would have to be made at the worldwide level.
There have been many recent discussions regarding Italy and a possible exit from the Euro. The attached link (Bloomberg) outlines the exact details, but in summary the main points are:
  • A common monetary policy has not worked out very well for all countries, particularly those on the periphery of the EU.
  • A common monetary policy can stabilise spending, or can cause a crash.
  • "The root problem (of Italy's current issues) is the common currency itself".
The conclusion I draw from this is that enforcing a global currency on every country, many of which have such diverse economies to those that would, presumably, be at the centre of the administration of such a currency, is unworkable in both theory and practice.

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Its bullshit like this which has seen overall my play online now drop by around 90% of what it used to be. Too much hassle, way to invasive and after the absolute disgrace of the way Rizk handled my situation (yes I did get paid but only after having to provide very personal sensitive information or they were not gonna pay up ) I have stepped back. My DL is £20 per week now at VS elsewhere I dont play at. I have no issue with the Government looking to stop ML , but I do have major issues with the way some online casinos are handling this which is amateur at the very least !
 
Very interesting point indeed. If a legal challenge was instigated, I wonder what the outcome would be?

There have been many recent discussions regarding Italy and a possible exit from the Euro. The attached link (Bloomberg) outlines the exact details, but in summary the main points are:
  • A common monetary policy has not worked out very well for all countries, particularly those on the periphery of the EU.
  • A common monetary policy can stabilise spending, or can cause a crash.
  • "The root problem (of Italy's current issues) is the common currency itself".
The conclusion I draw from this is that enforcing a global currency on every country, many of which have such diverse economies to those that would, presumably, be at the centre of the administration of such a currency, is unworkable in both theory and practice.

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countries with a passionate regard for their nationality and history such as Italy do present an obstacle to the elites who want the power that a global currency linked to one central bank gives them over elected politicians, think how much power the eu comission wield over the eu countries etc.. all those countries lost a bit of their unique identity and self independence when they gave up their currency, lira, franc, deutsche mark etc I can't see how they can ever go back, italians born since 2002 only know the euro.

If the move to a cashless society carries on at the pace so far, then I think in about 25 years, paper notes will cease to be legal tender in the UK. Countries often follow suit, some may be slower to ditch notes like Germany but as more and more transactions with cash are made difficult they will have to switch over for sheer convenience.

The media and politicians will do as they're told and promote a electronic global currency, saying it will help erase world poverty by stopping currency speculation which devalues people's money, it will get rid of crime as there can be no black economy because all income will be traceable, it will save trees and oil to make the notes and mint the coins etc... If you take into account how, in general, the youngsters today are easily manipulated and lead by the mainstream media on 'issues', and that a free and independent internet is also being slowly eroded, any narrative will be difficult to challenge.

Personally, I would rather stick as we currently are with electronic and paper money and if I had my wish I'd bring back all the old european currencies, as you said the countries with poorer economies actually suffered more by joining the euro.

I think the 'elite' believe one global government with one currency will end wars and poverty [think how much money and resources could be saved if there was only 1 smallish central army in the world, all the research and effort developing and making weapons could be spent on medical research, preserving the planet etc..] I'm sure some of the elite believe its their moral duty to bring these changes about.

But if we go down this route and change from a world of independent nations to just one world state, there is no protection against that state becoming totalitarian. [ which the online cambridge dictionary defines as:a political system in which those in power have complete control and do not allow people freedom to oppose them].
 
countries with a passionate regard for their nationality and history such as Italy do present an obstacle to the elites who want the power that a global currency linked to one central bank gives them over elected politicians, think how much power the eu comission wield over the eu countries etc.. all those countries lost a bit of their unique identity and self independence when they gave up their currency, lira, franc, deutsche mark etc I can't see how they can ever go back, italians born since 2002 only know the euro.

If the move to a cashless society carries on at the pace so far, then I think in about 20 years, paper notes will cease to be legal tender in the UK. Countries often follow suit, some may be slower to ditch notes like Germany but as more and more transactions with cash are made difficult they will have to switch over for sheer convenience.

The media and politicians will do as they're told and promote a electronic global currency, saying it will help erase world poverty by stopping currency speculation which devalues people's money, it will get rid of crime as there can be no black economy because all income will be traceable, it will save trees and oil to make the notes and mint the coins etc... If you take into account how, in general, the youngsters today are easily manipulated and lead by the mainstream media on 'issues', and that a free and independent internet is also being slowly eroded, any narrative will be difficult to challenge.

Personally, I would rather stick as we currently are with electronic and paper money and if I had my wish I'd bring back all the old european currencies, as you said the countries with poorer economies actually suffered more by joining the euro.

I think the 'elite' believe one global government with one currency will end wars and poverty [think how much money and resources could be saved if there was only 1 smallish central army in the world, all the research and effort developing and making weapons could be spent on medical research, preserving the planet etc..] I'm sure some of the elite believe its their moral duty to bring these changes about.

But if we go down this route and change from a world of independent nations to just one world state, there is no protection against that state becoming totalitarian. [ which the online cambridge dictionary defines as:a political system in which those in power have complete control and do not allow people freedom to oppose them].
Well said! :)

The trouble is, once 'the corporate machine' has set it's mind to something, it never reverts, it may ease off when it meets resistance, but once dealt with, will steamroller ahead again.

The move to a single global currency shall probably be pre-empted by a global economic collapse, following on the heels of protracted international hostilities involving Syria and Iran, possibly Russia and China, and most definitely the bad guys - the allied NATO forces.
 
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Well said! :)

The trouble is, once 'the corporate machine' has set it's mind to something, it never reverts, it may ease off when it meets resistance, but once dealt with, will steamroller ahead again.

Too true Ed, that's why I think unfortunately one global govt and currency will eventually happen, billionaires and the mega rich corporations etc.. always want their own way, can pennilless politicians many with dirty secrets oppose them, No basically.

I'm currently following with interest the mainstream media attack on rees mogg, a family man and also a man of principle, whether you agree with his opinions or not, he does believe in the power and function of parliament which is the core of our democracy.

It wouldn't surprise me if something was being planned to get rid of rees-mogg, maybe not permanently but to wound his credibilty and potential to be the conservative leader/chancellor.
 
Its bullshit like this which has seen overall my play online now drop by around 90% of what it used to be. Too much hassle, way to invasive and after the absolute disgrace of the way Rizk handled my situation (yes I did get paid but only after having to provide very personal sensitive information or they were not gonna pay up ) I have stepped back. My DL is £20 per week now at VS elsewhere I dont play at. I have no issue with the Government looking to stop ML , but I do have major issues with the way some online casinos are handling this which is amateur at the very least !


this is the main reason I am closing my account, in case the next request comes when making a withdrawal
 
Well said! :)

The trouble is, once 'the corporate machine' has set it's mind to something, it never reverts, it may ease off when it meets resistance, but once dealt with, will steamroller ahead again.

The move to a single global currency shall probably be pre-empted by a global economic collapse, following on the heels of protracted international hostilities involving Syria and Iran, possibly Russia and China, and most definitely the bad guys - the allied NATO forces.
Leave Iran out of this :laugh:

They have nothing to do with the current state of UKGC verification woes we see everywhere!

....or do they.....
 
With you on this.... I proved my source of wealth, yet they want more... they know damn well I'm not money laundering for crying out loud, so why keep on. to me it feels like they now want to know how much money I have to spend there, rather than where it came from. I proved that... they don't need to know how much... just where...

It got ridiculous in the end, every email I replied to, 2 members of staff replied, at different times stating different things... I got so fed up with it in the end, despite being there from the off... i've left.. stopped playing, I just couldn't be bothered sodding about any more. Maybe one day if I get incredibly bored, i'll venture back and sort it out, but right now... not bored enough!
 
WOW! And I thought I had it bad living in the USA with not being able to make deposits. I feel bad for those who have gone through all this, to be quite frank, I would be insulted, and so pissed off being treated like this.

One thing I don't understand, is the rep stated that the SOW doesn't stop when the documents are received. So when does it stop? Does it stop when the casino has treated the players so horribly they end up closing their account? Is that the only way it stops?

Another question, why are some casinos so tight with this and others aren't? If it is some type of regulation shouldn't all casino's be acting in the same manner?

I ask this because my husband and I are thinking of moving to England or Germany next year when he retires and our daughter goes to college. Just kind of curious as to what we need to expect when we want to play on line.

LH
 
...So when does it stop? Does it stop when the casino has treated the players so horribly they end up closing their account?....

Yes. According to UKGC "you must be constantly curious, no deposit is too small, everybody is a suspect".
Some take this literally, like VS and Rizk and then this happens.

Not sure about Germany.
 
Whats confusing about all the SOW is i have for example deposited over 5k on one casino this year and had 5.2k of withdrawals, so if a SOW gets triggered do i have to prove the 5k funds even tho i have lost nothing and its all the same money been recycled over and over from say an original 50 or 100 etc?

No one seems to know !!
 
Whats confusing about all the SOW is i have for example deposited over 5k on one casino this year and had 5.2k of withdrawals, so if a SOW gets triggered do i have to prove the 5k funds even tho i have lost nothing and its all the same money been recycled over and over from say an original 50 or 100 etc?

No one seems to know !!

Exactly this! This isn't even an example but how it went for me: I received 100 free spins when a sportsbook added slots, managed to win pretty nice from that and then it went from there. I also use my winnings from sportsbets to play and basically have just been recycling money from sportsbooks and casino's since I started.

And yes, I've been very lucky to be able to fund it like this but how would I prove it if they would ask? Turn in winning betslips and withdrawals from other places?
 
I am in a similar situation in terms of providing source of funds as since March 22nd... They are all from casino winnings. Thank god the UKGC rules don't apply to me, but this looks like such a huge hassle and I really feel sorry for people in the UK who have to deal with this stuff. :/
 
Even casinos themselves are inconsistent in it. I’d one telling me in no uncertain terms that they needed a bank statement. When I said, like Amy Winehouse, ‘no,no,no’, they then said yeah a redacted payroll slip would do. Which yin is it? :what:

The constant monitoring in the AML means that I wouldn’t get too excited about passing it one month as there’s a chance, if your deposits increase, you’ll be asked for it the following month :rolleyes:
 
Im still none the wiser how you can possibly launder money when you have to withdraw to the same method you deposited with. Anyway been a month since I last played an online slot, any slot actually, and yeah I do miss playing, but im not prepared to compromise my privacy and potentially enable identity fraud to happen by sending in sensitive personal information.
 
Im still none the wiser how you can possibly launder money when you have to withdraw to the same method you deposited with. Anyway been a month since I last played an online slot, any slot actually, and yeah I do miss playing, but im not prepared to compromise my privacy and potentially enable identity fraud to happen by sending in sensitive personal information.

The thing is, VS's are one of the very few casinos who actually don't have that rule, which does mean you can money launder through them. If they were really concerned about it, they would change the system to last deposit method.
 

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