Money Laundering rules?

[Alleone]

I received a weird email from customer support on Rizk. They said that to prevent money laundering I had to place bets equivalent to the deposit I had made. I have never heard of that before and have played on numerous sites over many years.

So what this means is if I deposit 500€ and instatly hits a bonus and decide to cash out I first have to place bets for 500€.. Can this really be legit? Any opinions..?

[Skylined87]

16 minutes ago, Alleone said:

I received a weird email from customer support on Rizk. They said that to prevent money laundering I had to place bets equivalent to the deposit I had made. I have never heard of that before and have played on numerous sites over many years.

So what this means is if I deposit 500€ and instatly hits a bonus and decide to cash out I first have to place bets for 500€.. Can this really be legit? Any opinions..?

Hey @Alleone!

I think most, if not all casinos have a rule in their T&C's stating that deposit needs to be wagered at least 1 time (some casinos have that up to 5 times) due to money laundering. It's a pretty standard rule.

[scbaird1234]

yes its common now with sites like Ladbrokes, Williamhill and the likes,   its basicly when you deposit money into a site then try to take it right back out using a different deposit method, its to safeguard your money and although bothersome its good in the long run.