Account Verification (KYC): how and when required
Account verification, or KYC (Know Your Customer), is a mandatory element of any licensed online casino. It allows the operator to confirm the identity of the player, his age and source of funds, which protects the market from fraud, and players from illegal actions.
1. Verification objectives
1. Confirmation of age - exclusion of the participation of minors.
2. Identity verification - preventing registration under someone else's data.
3. Compliance with AML/CFT - prevention of money laundering and financing of illegal activities.
4. Compliance with bonus policy - protection against multi-accounts and abuse.
5. Payout Security - Protect player funds from withdrawal by third parties.
2. When KYC is required
At the first withdrawal.
When certain limits of deposits or winnings are exceeded.
When registering (in jurisdictions with strict regulation, for example, in the UK).
In case of suspected fraud or violation of the rules.
At the request of the regulator as part of a random check.
3. KYC Milestones
1. Document Request:
4. Additional forms of verification
Video verification - a photo or video with a document in hand.
Selfie with a passport - confirmation that the documents belong to the player.
Check IP and device to detect suspicious activity.
5. Role of the license in the KYC procedure
The regulator sets a minimum list of documents and data storage standards.
The operator must complete the check before making payments.
Failure to comply with the requirements threatens with fines and revocation of the license.
6. What the player gets
Protection against unauthorized access to the account.
Guarantee of winnings only in your own name and details.
The ability to challenge the actions of the casino in controversial situations.
7. Result
Verification of an account in a licensed online casino is not just a formality, but an important mechanism for protecting players and preventing illegal actions. The KYC procedure is mandatory in most jurisdictions and is one of the main conditions for the operation of a legal operator.
1. Verification objectives
1. Confirmation of age - exclusion of the participation of minors.
2. Identity verification - preventing registration under someone else's data.
3. Compliance with AML/CFT - prevention of money laundering and financing of illegal activities.
4. Compliance with bonus policy - protection against multi-accounts and abuse.
5. Payout Security - Protect player funds from withdrawal by third parties.
2. When KYC is required
At the first withdrawal.
When certain limits of deposits or winnings are exceeded.
When registering (in jurisdictions with strict regulation, for example, in the UK).
In case of suspected fraud or violation of the rules.
At the request of the regulator as part of a random check.
3. KYC Milestones
1. Document Request:
- passport, ID card, driver's license or passport;
- proof of address (utility bill, bank statement, lease agreement);
- confirmation of the payment method (screenshot of a card, account or electronic wallet).
- 2. Sending via a secure channel - casino personal account or encrypted mail.
- 3. Data verification - automatic and manual verification of information.
- 4. Confirmation - upon successful verification, the account receives the status of fully activated, and the restrictions on withdrawal are removed.
4. Additional forms of verification
Video verification - a photo or video with a document in hand.
Selfie with a passport - confirmation that the documents belong to the player.
Check IP and device to detect suspicious activity.
5. Role of the license in the KYC procedure
The regulator sets a minimum list of documents and data storage standards.
The operator must complete the check before making payments.
Failure to comply with the requirements threatens with fines and revocation of the license.
6. What the player gets
Protection against unauthorized access to the account.
Guarantee of winnings only in your own name and details.
The ability to challenge the actions of the casino in controversial situations.
7. Result
Verification of an account in a licensed online casino is not just a formality, but an important mechanism for protecting players and preventing illegal actions. The KYC procedure is mandatory in most jurisdictions and is one of the main conditions for the operation of a legal operator.
