Are major books now participating in money laundering tactics?

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Skaggerak
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I have noticed more and more that some the bigger euro sportsbooks (888sport,betway,williamhill) are now participating in what I can only describe as fraudulent activity. This activity occurs when deposits are made through one source, lets say, an ewallet, but are then disallowing withdrawals back to the same source.

How and when did this become acceptable activity? Since I can remember I've heard these rules regarding transactions where different sources for moving money were not allowed, and for understandable reasons, yet now it appears this has become a tactic, much like id verification, to slow down transactions and impede the punter. I think there is a huge compromise of legality here. Has anybody had similar experiences?
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dealer wins
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Re: Are major books now participating in money laundering tactics?
« Reply #1 on: April 13, 2019, 08:25:44 PM »

I think they will only do such things when they suspect fraud, multi-accounting etc   Not seen any complaints on the net regarding this at all.
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ArberPro
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Re: Are major books now participating in money laundering tactics?
« Reply #2 on: April 14, 2019, 02:06:30 PM »

I had similar experience with betclic , deposited via ewallet, they requested bank transfer because of money laundering they said  , i did that , after i wanted my second withdrawal via bank transfer (same as first) , they said  that i can only withdraw via ewallet because thats the way i deposited, so i used ewallet, guess what, third  withdrawal they requested again via bank transfer...
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arbusers
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Re: Are major books now participating in money laundering tactics?
« Reply #3 on: April 14, 2019, 07:36:18 PM »

You can't call it money laundering when they ask for a bank withdrawal. From their end they would say that they do that to combat fraud and whatever comes under that label is justified from any regulating body.
To be more realistic, many bookmakers might ask for bank withdrawal simply because they think they have some chances not to pay. These are low ethics definitely.
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Skaggerak
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Re: Are major books now participating in money laundering tactics?
« Reply #4 on: April 15, 2019, 04:28:25 PM »

I guess all that panicking about TIC was a bit pointless considering they are no longer a viable vendor then.
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maletaja
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Re: Are major books now participating in money laundering tactics?
« Reply #5 on: April 16, 2019, 06:50:28 AM »

If u have nothing to hide, bank transfer is ok. I don't see any problem with that.
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Skaggerak
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Re: Are major books now participating in money laundering tactics?
« Reply #6 on: April 16, 2019, 01:59:49 PM »

Cool, guess we can delete the e-wallet section of the forum then.
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