After I have been wondering for several months when the colleagues of "Twin.com" will come around the corner with the relatively harmless "source of wealth" questionnaire, which asks about occupation, income (not exactly but with selectable income brackets such as under 25k / 25-50k/etc..) and any other income (inheritance, gambling winnings, etc... without a total), now came the double blow by email:
"We are obliged to do so in accordance with the laws and guidelines of the Malta Gaming Authority (MGA) and the laws against money laundering.
For compliance and regulatory reasons you will be required to complete a Source of Funds questionnaire.
You can do this as follows
1. Log in to your user account
2. Go to "My Profile
3. Go to "Verification
4. Click on "Source of Wealth - Questionnaire " and enter the answers.
In order to verify your account, you must confirm how you finance your gambling with us along with documents that can prove it.
How do you finance your gambling? (Work, inheritance, real estate sale, gambling winnings, etc.)
Here are some examples of acceptable documentation:
- Work Pay stub or bank statement with Deposit from employer
- Inheritance A copy of the will proving the value or a letter from an attorney/notary stating the estimated value of the estate
- Sale of real estate Purchase agreement
- Gambling winnings Bank statement with deposit from gaming operator"
About the questionnaire we could possibly still talk - other casinos such as Videoslots wanted to have the already after 2-3k € in deposits filled. .. But the required documents?
Uhhhhm...... ... Let me think for a second...... ... ... ... ... Nooooooo, no way! I do such a financial striptease at the most for my tax advisor - or after judicial order!
To classify the whole better: I am this year at Twin.com with almost 22k € behind... Clean, legal AND honestly taxed money!
For questions about "source of wealth" and "affordability" in the context of Gambling addiction prevention I find minus 22.000€ by the way plenty late - and if we talk about money laundering, then I'm probably the most unsuccessful money launderer ever, since I've never cashed out in the store....
One more hint in case a casino refuses to pay you out because you are not willing to submit such or similar documents: Demand in writing the closure of your account! Then the casino has only two options under both MGA and UKGC regulations - either pay out, or hand over the case and the money to the relevant tax authorities or the prosecution on urgent suspicion of money laundering....
Unfortunately, the different licensing authorities implement / duch their rules very differently
Interestingly enough, UKGC casinos are not allowed to talk about money laundering or even hint at suspicions of money laundering to customers, as this could jeopardize investigations by the authorities... On the island, this not only costs the gambling commission a hefty fine, but also makes the casino clerk liable to prosecution...
In comparison, the MGA sees everything much more relaxed and gives the casinos a very long leash, which is probably not least due to the partly mafia-like structures of the Maltese gambling industry... So they like to see whether the customer actually takes the trouble to call in a (Maltese) lawyer, before you then behave according to the rules.
We don't even need to talk about Curacao eGaming - the license from the banana republic gives the customer about as much security as an umbrella when parachuting...
There is still the Kahnawake Gaming Commission - with rule of law or detailed rules the store doesn't really have it, but the Indian chiefs keep their store pretty clean. Being the licenser, gambling authority and Provider of the server structure in one person, you can put a lot of pressure on the casinos - profane questions like money laundering or "source of wealth" seem to be of minor interest
Sorry if I'm a bit off topic - but when you're bored at three in the morning and start writing... lol
This post has been translated automatically
Anonym
Former Member
Attention One Casino Proof of Income Proof of Assets !!!!!!!
9th Dec. 2020, at 12:36 am CET#52
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Thanks Herould for the info, I won't be playing there either.
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Anonym
Topic Creator
Former Member
Attention One Casino Proof of Income Proof of Assets !!!!!!!
9th Dec. 2020, at 02:29 am CET#53
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Inspiration wrote on 09/12/2020 at 00:36: Thanks Herould for the info, I won't be playing there either.
That is also better, somewhere must be also times a border, stress and Verklappse one must not have.
Attention One Casino Proof of Income Proof of Assets !!!!!!!
9th Dec. 2020, at 11:30 am CET#54
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The European un ion has a 'Money Laundering Act' which is implemented by all countries of the
EU. This is also the basis for the MGA and its licensed casinos.
So if the proof of assets is required at 1-1000 euros, the casinos should
provide proof of whether they are subject to the 'Transparency Register' within the Money
laundering law, are allowed to do so. Therein are exactly the amounts, persons
Circles and areas specified.
Googles times: Money laundering law, private persons, VHL, approx. 1 contribution, completely up-to-date
and file it away. Immediately with the complaint page for the MGA, if such
Spielchen with 10, -50, - or as here 70, -Euro go off. One must the Casinos
simply times Paroli offer. Because in the end one will always avoid the casino in question
avoid, but then with a complaint, which may help subsequent players to
a more dignified treatment helps.
Attention One Casino Proof of Income Proof of Assets !!!!!!!
3rd Jan. 2021, at 12:22 am CET#55
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Then I wonder if this is the case with the other casinos as well. Regarding proof of assets like at OneCasino. That was not the case until now. I always play my bonus and good is. Have deposited there once a long time ago
This post has been translated automatically
Anonym
Topic Creator
Former Member
Attention One Casino Proof of Income Proof of Assets !!!!!!!
3rd Jan. 2021, at 11:50 am CET#56
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Katharina2 wrote on 09.12.2020 at 11:30: For the European un ion there is a 'Money Laundering Act' which is implemented by all countries of the
EU is implemented. This is also the basis for the MGA and its licensed casinos.
So if the proof of assets is required at 1-1000 euros, the casinos should
provide proof of whether they are subject to the 'Transparency Register' within the Money
laundering law, are allowed to do so. Therein are exactly the amounts, persons
Circles and areas specified.
Googles times: Money laundering law, private persons, VHL, approx. 1 contribution, completely up-to-date
and file it away. Immediately with the complaint side for the MGA, if such
Spielchen with 10, -50, - or as here 70, -Euro go off. One must the Casinos
simply times Paroli offer. Because in the end one will always avoid the casino in question
avoid, but then with a complaint, which may help subsequent players to
a more dignified treatment helps.
if a casino is listed with Guru,I submit a complaint there.this complaint is published.also the whole process the Guru with such casinos(negotiations etc.) are also published.and that have such casinos then not so gladly.and so fast kannste garnicht look,ruckzuck haste your money,or the Verification is through.so this experience I have made.
Attention One Casino Proof of Income Proof of Assets !!!!!!!
3rd Jan. 2021, at 02:13 pm CET#57
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Slonska wrote on 03.01.2021 at 00:22: Then I wonder if this is the same at the other casinos. Regarding proof of assets like at OneCasino. Since that was not yet the case. I always play my bonus and good is. Have deposited there once a long time ago.
Is not so with other casinos, because of pitiful 70 € win. And if, should
a casino should already know the transparency register, to know with which person-
circle and what amount this extended Verification is necessary. I think it is a
Disrespect to the player, the person and his money. It seems,
that some rogue casinos have completely lost the value of the euro, but keep
on it, but keep on every cent. To suffer has once again the reputation of the
Industry and its reputable casinos
@Herould
Refer next time to the 'TransparencyRegister', where you should be already
Deposit amount should be dropped. You have to abide by certain rules,
if they sail under German flag. Gambling debts are debts of honor
and that's exactly what they have written on the flag and should just do it
Attention One Casino Proof of Income Proof of Assets !!!!!!!
6th Jan. 2021, at 12:35 pm CET#59
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I have been playing at oneCasino for a long time.
Now at major level and have never had any problems there. I make several small 2 digit deposits every month and have never had any problems with withdrawals
This post has been translated automatically
Anonym
verified
Former Member
Attention One Casino Proof of Income Proof of Assets !!!!!!!
6th Jan. 2021, at 10:55 pm CET#60
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MisterL wrote on 03.01.2021 at 16:25: once they know how much income and your assets are
then you get a specially tailored to you gaming software
divide and conquer
And how well you can make money with complete data sets of players, which you then flog as a leak... And then at some point these ominous calls start, where you are a private health Insurance, a new electricity Provider and such things are talked
One thing is clear... The win in life can't be that big, so that I send my financial circumstances and other highly personal data to some "super-serious" Maltese cash cow.
Attention One Casino Proof of Income Proof of Assets !!!!!!!
Liked this post:
Klabisto
After I have been wondering for several months when the colleagues of "Twin.com" will come around the corner with the relatively harmless "source of wealth" questionnaire, which asks about occupation, income (not exactly but with selectable income brackets such as under 25k / 25-50k/etc..) and any other income (inheritance, gambling winnings, etc... without a total), now came the double blow by email:
"We are obliged to do so in accordance with the laws and guidelines of the Malta Gaming Authority (MGA) and the laws against money laundering.
For compliance and regulatory reasons you will be required to complete a Source of Funds questionnaire.
You can do this as follows
1. Log in to your user account
2. Go to "My Profile
3. Go to "Verification
4. Click on " Source of Wealth - Questionnaire " and enter the answers.
In order to verify your account, you must confirm how you finance your gambling with us along with documents that can prove it.
How do you finance your gambling? (Work, inheritance, real estate sale, gambling winnings, etc.)
Here are some examples of acceptable documentation:
- Work Pay stub or bank statement with Deposit from employer
- Inheritance A copy of the will proving the value or a letter from an attorney/notary stating the estimated value of the estate
- Sale of real estate Purchase agreement
- Gambling winnings Bank statement with deposit from gaming operator"
About the questionnaire we could possibly still talk - other casinos such as Videoslots wanted to have the already after 2-3k € in deposits filled. .. But the required documents?
Uhhhhm...... ... Let me think for a second...... ... ... ... ... Nooooooo, no way! I do such a financial striptease at the most for my tax advisor - or after judicial order!
To classify the whole better: I am this year at Twin.com with almost 22k € behind... Clean, legal AND honestly taxed money!
For questions about "source of wealth" and "affordability" in the context of Gambling addiction prevention I find minus 22.000€ by the way plenty late - and if we talk about money laundering, then I'm probably the most unsuccessful money launderer ever, since I've never cashed out in the store....
One more hint in case a casino refuses to pay you out because you are not willing to submit such or similar documents: Demand in writing the closure of your account! Then the casino has only two options under both MGA and UKGC regulations - either pay out, or hand over the case and the money to the relevant tax authorities or the prosecution on urgent suspicion of money laundering....
Unfortunately, the different licensing authorities implement / duch their rules very differently
Interestingly enough, UKGC casinos are not allowed to talk about money laundering or even hint at suspicions of money laundering to customers, as this could jeopardize investigations by the authorities... On the island, this not only costs the gambling commission a hefty fine, but also makes the casino clerk liable to prosecution...
In comparison, the MGA sees everything much more relaxed and gives the casinos a very long leash, which is probably not least due to the partly mafia-like structures of the Maltese gambling industry... So they like to see whether the customer actually takes the trouble to call in a (Maltese) lawyer, before you then behave according to the rules.
We don't even need to talk about Curacao eGaming - the license from the banana republic gives the customer about as much security as an umbrella when parachuting...
There is still the Kahnawake Gaming Commission - with rule of law or detailed rules the store doesn't really have it, but the Indian chiefs keep their store pretty clean. Being the licenser, gambling authority and Provider of the server structure in one person, you can put a lot of pressure on the casinos - profane questions like money laundering or "source of wealth" seem to be of minor interest
Sorry if I'm a bit off topic - but when you're bored at three in the morning and start writing... lol
This post has been translated automatically
Attention One Casino Proof of Income Proof of Assets !!!!!!!
Nobody has liked this post so far
This post has been translated automatically
Attention One Casino Proof of Income Proof of Assets !!!!!!!
Nobody has liked this post so far
That is also better, somewhere must be also times a border, stress and Verklappse one must not have.
This post has been translated automatically
Attention One Casino Proof of Income Proof of Assets !!!!!!!
Nobody has liked this post so far
EU. This is also the basis for the MGA and its licensed casinos.
So if the proof of assets is required at 1-1000 euros, the casinos should
provide proof of whether they are subject to the 'Transparency Register' within the Money
laundering law, are allowed to do so. Therein are exactly the amounts, persons
Circles and areas specified.
Googles times: Money laundering law, private persons, VHL, approx. 1 contribution, completely up-to-date
and file it away. Immediately with the complaint page for the MGA, if such
Spielchen with 10, -50, - or as here 70, -Euro go off. One must the Casinos
simply times Paroli offer. Because in the end one will always avoid the casino in question
avoid, but then with a complaint, which may help subsequent players to
a more dignified treatment helps.
This post has been translated automatically
Attention One Casino Proof of Income Proof of Assets !!!!!!!
Nobody has liked this post so far
This post has been translated automatically
Attention One Casino Proof of Income Proof of Assets !!!!!!!
Nobody has liked this post so far
if a casino is listed with Guru,I submit a complaint there.this complaint is published.also the whole process the Guru with such casinos(negotiations etc.) are also published.and that have such casinos then not so gladly.and so fast kannste garnicht look,ruckzuck haste your money,or the Verification is through.so this experience I have made.
This post has been translated automatically
Attention One Casino Proof of Income Proof of Assets !!!!!!!
Nobody has liked this post so far
Is not so with other casinos, because of pitiful 70 € win. And if, should
a casino should already know the transparency register, to know with which person-
circle and what amount this extended Verification is necessary. I think it is a
Disrespect to the player, the person and his money. It seems,
that some rogue casinos have completely lost the value of the euro, but keep
on it, but keep on every cent. To suffer has once again the reputation of the
Industry and its reputable casinos
@Herould
Refer next time to the 'TransparencyRegister', where you should be already
Deposit amount should be dropped. You have to abide by certain rules,
if they sail under German flag. Gambling debts are debts of honor
and that's exactly what they have written on the flag and should just do it
This post has been translated automatically
Attention One Casino Proof of Income Proof of Assets !!!!!!!
Liked this post: Anonym, T****s
then you get a specially tailored to you game software
divide and rule
This post has been translated automatically
Attention One Casino Proof of Income Proof of Assets !!!!!!!
Nobody has liked this post so far
Now at major level and have never had any problems there. I make several small 2 digit deposits every month and have never had any problems with withdrawals
This post has been translated automatically
Attention One Casino Proof of Income Proof of Assets !!!!!!!
Nobody has liked this post so far
And how well you can make money with complete data sets of players, which you then flog as a leak... And then at some point these ominous calls start, where you are a private health Insurance, a new electricity Provider and such things are talked
One thing is clear... The win in life can't be that big, so that I send my financial circumstances and other highly personal data to some "super-serious" Maltese cash cow.
This post has been translated automatically