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Online Casinos in general: Do not understand the meaning of the Money Laundering Act (Page 2)

Topic created on 24th May. 2018 | Page: 2 of 3 | Answers: 27 | Views: 6,085
TimTheBull
Rookie

Do not understand the meaning of the Money Laundering Act

25th May. 2018, at 02:49 pm CEST#11
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Yes but it takes forever because of the money laundering laws, the limits and the necessary verifications, if there were not, then I could do what I want, that's why this annoying procedure is so important ^^

And why should it take forever? Exactly there I have online yes the advantage over stores and casinos, because I can go from one location to countless Online Casinos and I'm already registered at 100 Casinonos, everywhere nen 1000er or so and already sin 100,000€ washed ^^, since the variant is much more elaborate via Amazon. Too times if I would buy goods worth 100,000 € on Amazon and then want to resell, which is associated with a lot of effort and inevitably questions will arise,
If I distribute 100,000 € over the many number of casinos and let me pay out the money again just not ^^

But well we are all honest people and no criminals ^^

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Daniel
Elite

Do not understand the meaning of the Money Laundering Act

25th May. 2018, at 02:56 pm CEST#12
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Liked this post: J****r
stkrie wrote on 05/25/2018 at 10:14 am: @ Daniel

So I had hit the second highest Jackpot at Bank Buster at the casino the other day, I didn't have to
i did not have to show anything. That was just under €4,200. It was a few months ago.
In the same casino I have often won over 2000€, but never had to verify.

So I was last year with a buddy in the casino Stuttgart and my buddy has paid out 2,500 € and he had to show his ID again at the counter. The reason given was money laundering laws.

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s****e

Do not understand the meaning of the Money Laundering Act

26th May. 2018, at 05:24 am CEST#13
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Yes, there you see how the differences are. Okay, Spielbank Stuttgart is probably also of a different caliber than the small
small casino in Neunkirchen. That's probably where the difference lies. Or the laziness of the
Employees^^. So no matter how much I have won, I have never had to verify myself except when going in, again additionally
verify.

Well Tim, the legislator is probably more about the big fish. If I work e.g. black, I would have purely
theoretically also wash the money. I get it in cash. If I buy Paysafecards, win, and then have to verify myself
then have to verify, they are thereby also no step further
And if I really have to wash a lot of money, an OC would be the last thing I would choose
Alone the work to Deposit everywhere, implement once, verify, possibly bitchy casinos....
That would be too stupid for me.

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Anonym

Do not understand the meaning of the Money Laundering Act

27th May. 2018, at 04:36 pm CEST#14
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Exactly! Online Casinos are certainly the worst choice for laundering dirty money.
The only purpose of this money laundering law is to monitor its citizens.

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Knochen
Elite

Do not understand the meaning of the Money Laundering Act

27th May. 2018, at 04:38 pm CEST#15
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However, Online Casinos would be the best way to launder money without these money laundering laws. Today, however, gambling halls are simply used to launder money.

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Anonym

Do not understand the meaning of the Money Laundering Act

27th May. 2018, at 04:43 pm CEST#16
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Knochen wrote on 27/05/2018 at 16:38: Online casinos would be the best way to launder money, however, without these money laundering laws. Today, however, gambling halls are simply used to launder money.

Aha, tell me more...

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Knochen
Elite

Do not understand the meaning of the Money Laundering Act

27th May. 2018, at 04:50 pm CEST#17
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Imagine you could Deposit 50,000€ in an OC, play a few spins and withdraw 49,500€. Without any laws regulating that, it would be a damn cheap money laundering, and every now and then you could even make more out of the money. It's quite good that OCs don't just have the ability to open accounts and deposit and withdraw money on a whim.

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Anonym

Do not understand the meaning of the Money Laundering Act

27th May. 2018, at 04:56 pm CEST#18
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I meant in terms of arcades and money laundering.
I am aware that Online Casinos offer sufficient protection against money laundering.

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Daniel
Elite

Do not understand the meaning of the Money Laundering Act

27th May. 2018, at 05:18 pm CEST#19
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Knochen wrote on 05/27/2018 at 16:50: Imagine you could Deposit 50,000€ in an OC, play a few spins and withdraw 49,500€. Without any laws regulating that would be a damn cheap money laundering, every now and then you could even make more out of the money. It's quite good that OCs don't just have the ability to open accounts and deposit and withdraw money on a whim.

Fine, but in principle (Bitcoin casinos in Curacau aside) transactions to Online Casinos are done by wire transfer / credit card payment. If Al Capone now transfers €50,000 to CasinoXY every day and withdraws €49,500, then that is also understandable if there is suspicion. The cash from human traff**king, prostitiotion, drug traff**king, etc. must first be deposited in a bank account, then transferred to online casinos and paid out again with some loss (mostly). The loss is significantly cheaper than if I had to pay tax on the money via legal bogus transactions but the Risk of getting caught would be much too high in my opinion. I'm probably too dumb for money laundering and honestly don't see the real dangers - so I'm asking for clarification.

So if I were Al Capone, I would open a business where cash payments are used a lot. A restaurant, for all I care an arcade or other or I would even use a casino. I would have my withdrawals documented with receipts, as the deposits are hardly or not at all traceable in casinos. If I later want to buy a villa with my criminal money, then I can prove in case of emergency that I earned the money with my "well running" restaurants. Who should be able to trace that later, if the suspicion arises late that I am not a successful owner of several restaurants, but my main source of income arises late.

From my point of view, therefore, online casinos (without money laundering laws) are rather bad for laundering money as securely as possible.

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Knochen
Elite

Do not understand the meaning of the Money Laundering Act

27th May. 2018, at 05:36 pm CEST#20
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Yes, not that we misunderstand each other here, I also think the laws are excessive. I have now assumed a situation in which really no law applies. That means you don't even have to verify yourself. Then you could play with false data without any problems. Of course you can't Deposit 50,000€ via PSC, but the more stations money passes through, the more difficult it becomes to trace it. Meanwhile, a credit card in a false name is probably easier than a Verification in an OC. Then the suspicion of fraud would still arise, but by then money would be paid out automatically and you wouldn't know where to go.

Besides, you don't have to assume that Al Capone really has to launder 50,000€ or more a day. Even the small drug Dealer must have his money from somewhere if he lives only from it. Whereby, the longer I think about it, could wash his money also with money laundering laws still in the OC. It is all a bit exaggerated. I personally believe that the OCs have cursed these laws first and then simply interpreted them to their advantage.

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