Gamecheck: Protecting Players From Fake Online Casino Games

They confirm your identity and age, verify your address, and prove you control the payment mostbet download methods you use. In higher-risk or higher-value scenarios, you may also be asked for source-of-funds evidence. If you’ve used specific payment methods for deposits or withdrawals, additional financial verification may be required. This could include bank statements, credit card photos (with middle numbers obscured), or e-wallet account confirmations. The casino verification process aims to ensure that all payment methods belong to the account holder.

Benefits of KYC in Online Casinos

In such use cases, a combination of biometric and player ID verification, in which both the user and their identity document is checked, performs effectively. Verifying the ID and matching it to the customer’s selfie helps ensure that you’re dealing with a real individual presenting their physical document. To provide proof ofpayment methods, you will be asked to upload a bank statement, take a screenshot of your e-wallet, or provide your credit card details.

The duration of the verification process can vary depending on the iGaming platform’s or casino’s procedures and the clarity of the documents provided. Some establishments offer instant or near-instant verification, especially when using automated systems. However, in cases where manual review is used, it might take up to 24 hours or more. Lastly, identity verification helps to identify potentially high-risk candidates who may hold political positions of power or be subject to financial sanctions.

• Since casinos and other gaming establishments are regulated businesses, they must comply with Know Your Customer (KYC) and anti-money laundering (AML) regulations, which mandate such verification measures.
• Due to anti-money laundering AML requirements, casinos must confirm that your payment method is legit.
• On the contrary, in Australia, particularly in the territory of New South Wales, online gambling is a legal activity in which you make bets and wagers on the platform of a legal operator.
• The document must be current, clearly readable, and show your full name, date of birth, and photograph.
• They’re there to help you resolve any issues and ensure you can complete the process without unnecessary delays.

Step 2: Make a Deposit

However, for full casino KYC checks, users need to submit official documentation for identity verification with third-parties. In some cases, such as for large transactions, users may be required to support proof of their source of income. Fraud of this kind can cost gambling establishments millions of dollars in lost revenue.

Additionally, gambling entities must now employ a Money Laundering Reporting Officer (or team, depending on the size of the establishment) or face legal prosecution. In Georgia, for example, where problem gambling is a social concern, locals have to be 25 to visit land-based or online casinos, while tourists only have to be 18. In order to remain compliant with their licensing conditions, then, online casinos have to make sure that underage players can’t access their site.

When Should You Complete KYC Requirements

The main purpose of KYC is to ensure that the casino is not facilitating illegal activities such as fraud, money laundering, or underage gambling. Verify that all documents meet the casino’s specific requirements before submission. Some operators may have unique formatting preferences or additional document types that aren’t immediately obvious. Mismatched information between your account registration and verification documents can trigger additional review requirements. Common discrepancies include variations in name spelling, outdated addresses, or incorrect date formats. Even with proper preparation, players sometimes encounter verification challenges that can delay the approval process.