Why iGaming Operator Can Ask Proof Of Funds
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Most casinos ask you to provide proof of funds. EU based online casinos for UK players are the most likely to do this. They ask for files and documents that will prove where you got the money.
Some casinos ask you to prove where the money you deposit comes from when you are depositing a lot of money. If the amount of deposits is increasing, the requirement becomes active. It is possible that the casino believes that your account may be in the possession of another person or something illegal happened to you.
When you win big money in a casino, the next step is to withdraw the money from the bank account. The casino asks for proof of funds. This is a precaution from a business precaution. Most casinos don't have this requirement. It is possible that they don’t want to pay the winnings to people who used illegal money to play the games. Money laundering using iGaming operators is not possible. iGambling operators use corresponding software to detect all illegal operations. iGamers use online gambling to launder their money.
Suspicious activity can be applied to all accounts you have on the web. Online casinos treat suspicious activity as illegal. The proof of funds is used to check if there are any illegal actions on your end. If the proof is correct, you can gamble again. iGaming Operator can ask for proof.
Online casinos may ask for proof of funds at any moment. It is used for your and their safety. For you, it may be annoying or complicated. You can contact the support of an online casino and ask them about this requirement.
