Casinos may request confirmation of sources of wealth

The casino may require Confirmation of Source of Wealth Recently, online casinos have a new requirement - confirmation of the source of wealth. For most punters, regular account verification is sufficient, but active punters who play high, the casino may ask for additional verification.free spins no deposit canada How did it all start? Talk that casinos began to demand confirmation of the source of wealth began to appear actively in 2017. This issue was discussed on many resources with comments from casino representatives. It turned out that European jurisdictions obliged operators to carry out such checks. For example, a VideoSlots spokesman said refusing to comply with this requirement could cost operators a license. And you can't joke with the license %s... What is needed? Do you think that asking for a passport/driver's license scan, utility bills and confirmation of payment method is excessive? Then you still do not know about the documents required to confirm the sources of wealth. Even the punters of the rich European countries who are tolerant of all checks believe that this is too much.canada no deposit bonus To pass this verification, it is proposed to provide one of the following documents in confirmation: Inheritance. A document confirming the inheritance of real estate. Sale of property. A letter signed by a notary confirming the sale of the property or a sales contract. Source of income. Payroll checks or bank statements confirming the receipt of the last pay %s. payment. Pension income. Bank statement or letter from the organization issuing the pension. Winnings. In case of winning the lottery, a bank statement showing the name of the company that transferred the money. Media clippings about your winnings are also good here. If the winnings occurred at the casino, then you need to confirm that you had winnings. In this case, let's say a screenshot of the casino balance %s... Other. Bank statements showing exactly who transferred funds. A document confirming that you are entitled to a certain income is also suitable. Why do they require confirmation of the sources of wealth? For many, this is definitely overkill. Although some punters do not find this any problem. They provide the necessary confirmation and continue to play calmly. Others said that after such demands they think about leaving for another casino. On this topic How to play Max Quest pokie from BetSoft One thing is clear that reputable jurisdictions are doing their best to prevent money laundering through casinos %s... Online casinos are really a convenient method of money laundering. You can't argue with that. Money comes from illegal sources, is thrown into the casino and withdrawn as winnings. You can even pay taxes from them. It should also be borne in mind that cases were also discussed when punters sent documents, but did not pass the verification. When VideoSlots was asked what would happen to the winnings, the casino representative replied that in such cases the case is transferred to the regulator. And already the regulator will decide whether the casino must pay money to the punter. Obviously, such requirements are not in the interests of large casinos %s... After all, regular punters are thinking about leaving because of this. However, it appears that different operators have different approaches to fulfilling the requirement to verify sources of income. In some casinos, punters are simply asked to indicate where he is taking money from, and no confirmation is needed. Which casinos require confirmation of sources of wealth? Basically, these are casinos licensed by the UK Gambling Commission. But there are also operators with an MGA license. Perhaps soon other jurisdictions will also join this trend. In January 2018, the UKGC sent a letter to all licensees stating that they were already reviewing 17 operators for due diligence on punters. The regulator in one of the documents says that if it is impossible for any reason to conduct a check, the casino should contact the crime fighting department %s... So all of this can be serious.