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Answer 1 of 8: I booked a tour in Namibia few days ago, using my credit card. The money is out of my account, meaning I was charged. I got an email from the tour company asking for a copy of my ID or passport.
There has been a lot of talk lately about money laundering through casinos. It can be very difficult to prove, but when the authorities do find proof, it always shows that money laundering is done through land-based casinos.
Money laundering through online casinos is much more difficult. While there is anonymity in online gaming, there are also a lot of obstacles for that type of crime.
Those who oppose online gaming often say that money laundering is one of the biggest fears. However, if they look at the actual evidence, money laundering is far more likely to happen in live casinos.
There are several reasons for this.
Customer ID checks
Online casinos open to Australian players take appropriate steps to verify their customers.
For example, Pokie Pop! requires the following documents to verify a player’s identity:
- Government-issued identification, i.e. passport, driver license, ID card
- Proof of address, i.e. utility bill no older than three months
- Copy of registered credit cards, if conducting credit card transactions
The process of verifying the documents is typically done within an hour or so, though weekends may take longer. Even so, it is a requirement of maintaining an online casino license and important to prevent things like money laundering.
Steps for Depositing and Withdrawing
Once a player is set up in the system, deposits are typically very quick. Most Aussie sites promise instant deposits with money available immediately for online casino play.
The verification process is greatest, though, when it comes to withdrawing funds. This is when the customer verification happens in great detail.
Players using a credit card – for deposits or withdrawals – must complete a credit card authorization form, which is another level of security, as it also requires a copy of the credit card being used.
Many people have started using bitcoin to deposit and withdraw for online casinos, which is offered by a site like Fair Go Casino for Aussies. Even those withdrawals can take up to 2-3 business days. And while bitcoin is mostly anonymous and not tied to any traditional bank, it would be difficult to launder money through bitcoin because of the value swings.
Few High Limit Games
Most online poker rooms cater to casual Australian players, those who deposit occasionally and play for recreation. There are occasional players who deposit large sums of cash to play the highest stakes online slot games and table games, though they are rare.
These high-limit players lean toward sites like Joka Room, which offers a substantial VIP program with rewards for high-stakes play.
But when players try to withdraw large sums, they must go through a rigorous identification process.
If players would be withdrawing large sums of money regularly from an online casino, the licensing agent – whether in Malta or Gibraltar – would be sending audit requests and asking questions. The casino would have to provide customer verification documents to be audited.
When an online casino’s entire operation is on the line, they will not take unnecessary risks. Players who want to try to launder money through online casino games will find quite a few obstacles due to strict verification proceses.
Licensing Requirements
Online casinos like Play Amo operate around the world. This means the operator needs to have good standing with its regulator at all times.
Play Amo is registered under the laws of Curacao. Its parent company, Direx, is registered in Cyprus. The site even provides the registration number and address. This is a part of the company’s transparency policy to build trust with customers.
The laws regulating a Curacao online gaming license, for example, require reporting to that government in order to keep that license current. Curacao verifies the financials and customer information from the sites, and anything that looks out of order will trigger an immediate audit.
When our site ranks an online casino and recommends it to players, it is because the site is in good standing with its regulator and has complied with all licensing requirements.
And these licensing requirements are in place to prevent such crimes as money laundering.
Activity Monitors
Online gaming sites provide data. Everything is done electronically, and all of that data put together can be reviewed and analyzed.
This allows casino operators to look for irregular patterns, high-stakes deposits and withdrawals, and any number of other indicators that may point to suspicious behavior. They are able to request more information from a customer or even shut down an account that is deemed to be operating for criminal purposes, such as money laundering.
Live casinos cannot typically monitor every person that comes in and out of its doors. And if they don’t use rewards cards and perform all transactions in cash, there are few ways to track them.
Online casino play is different in that there is always a data trail. This makes online casinos safer and less amenable to money-related crimes.
[toc]In order to protect the integrity of the games, and prevent underage gambling, licensed online gaming sites operated by Atlantic City casinos implement a verification check on all registrants. This check requires the prospective customer to divulge their name, address, and other personal information, including their Social Security number.This requirement has proven problematic for licensed New Jersey online gaming operators.
At a California online poker hearing in April of 2014, Borgata CEOTom Ballance called the point where registrants are prompted to enter their Social Security number “the biggest drop-off point in the registration process.”
That being said, if you want to play at a licensed online poker site or play at a licensed online casino, you’re going to reveal your Social Security number. This requirement is mandatory.
Online Casino Asking For Copy Of Id Password
Here’s a look at:
- Why sites require this information
- What it allows an online operator to do
- Why you shouldn’t be concerned about disclosing it
Why sites require this information
The reason online casinos need to identify and log Social Security numbers stems from the Patriot Act and the Bank Secrecy Act.
As far as the government is concerned, casinos, including regulated New Jersey online casinos, are financial institutions. Like financial institutions, they must adhere to the government’s strict regulations. This includes collecting Social Security numbers from players.
Casinos are subject to the same anti-money laundering protocols as financial institutions. This means they have to record a person’s name, permanent address, and Social Security number whenever there is a new account or new deposit.
Is my information safe?
Most people protect those nine digits as if they were the password to our online banking information. Understandably, an online casino asking for your Social Security number triggers alarm bells in many people’s minds.
The good news is casinos are highly regulated. Your information is as safe with a licensed casino as it is with any bank or financial institution.
The casinos that operate online gambling sites licensed and regulated. So are the companies that perform the ID checks. Third-party companies hired to run player verification checks by online gaming operators must be vetted and licensed by the New Jersey Division of Gaming Enforcement.
Why do some sites only ask for the last four digits?
Some operators ask for all nine digits of your SSN, while others only ask for the final four digits. On the surface, one might seem more invasive than the other. The truth is, both lead to the same information.
Online Casino Asking For Copy Of Id Account
When combined with your other information, the final four numbers of your SSN are almost always enough to confirm your full number.
The IRS and FinCen allow online casinos to collect the final four digits of a person’s SSN, provided they can confirm the full SSN through other means. If they cannot match your information to your full SSN, you cannot register.
While it may appear to be less invasive to the registrant, the decision to only ask for the final four digits is no different than asking for your full SSN. Any site asking for the final four numbers simply takes that info and matches it to your full Social Security number in a database.
If they cannot match it to your full SSN, you will not be permitted to play.
If you’re playing at an online casino site that only asked you for four digits, you can be certain the site independently confirmed your complete SSN.
Why don’t offshore online gaming sites ask for this information?
Actually, offshore, unlicensed sites do require this information… just not when you register.
Instead, offshore sites want this information when you try to withdraw from the site. Certainly, they’re willing to let you deposit money and play at the site without verifying your information. However, if you win and want your money, they suddenly care who you are.
The reason for this should be obvious. Offshore sites don’t care if you’re underage, or pretending to be someone you’re not, so long as you lose. It’s another story if you win and want to withdraw.