Know Your Customer (KYC)

What is KYC, and why is it important for online casinos? Know Your Customer is a set of procedures that guarantees the platform follows ethical and legal standards. It is a part of the customer verification process that proves the transparency, user-friendliness, and safety of the gambling experience. On the one hand, KYC is used to keep players protected, while on the other hand, it helps the casino remain appreciated and reputable.

What is KYC and AML?

Know Your Customer and Anti-Money Laundering are the two most important processes that help online casinos to prevent fraudulent and illegal activities. The gamblers may be asked to add relevant information about their identity, source of finance, or billing address. The main goal of both undertakings is to create a fair, legal, transparent, and safe environment for flawless real-money gambling.

What is special about each process? KYC aims at protecting players’ personal information, so up-to-date details (ID, payment method, proof of address) may be requested, so that the gambling session is completely safe and risk-free.

AML focuses on the potential risks, such as financing of critical activity, money laundering, and fraudulent actions.

Although these procedures have quite a few discrepancies, the final goal remains the same - to provide players with a safe and beneficial gambling environment.

The difference between KYC and AML

KYC and AML are related checks with various purposes. Each option is aimed at providing gamblers with legal and fair play, a responsible gambling environment, and safe transactions, even though the methods may differ.

While the Know Your Customer check is concentrated on verifying the player’s identity, Anti-Money Laundering is focused on detecting and preventing illegal activities. It is indispensable to emphasize that KYC is a part of AML’s broader set of policies.

What can trigger KYC checks?

While KYC is quite a common procedure, it is not always required. Online casinos may request the corresponding identity verification as a result of questionable or unusual customer activity. This is a critical step that online casinos take to guarantee maximum safety of the gambling experience and prevent potential risks. Look through some of the most common reasons gamblers may be requested to confirm their personal information.

Unusual gambling behavior

Irregular bets or unusual betting patterns may be concerning for the online casino. The identity verification in such instances may be a critical part of the safety guarantee.

Reaching the defined withdrawal limit

When it comes to reputable online casinos, they frequently set thresholds. Once the gamblers exceed them, identity verification is required. In most cases, the gambler will not be able to accomplish the withdrawal process without the KYC.

Changes to personal details or payment information

Once the gambler updates personal information, address, banking method, or contact information, it is an immediate sign for the identity re-verification.

Periodic audits conducted by casinos

To comply with the AML regulations, online casinos go through regular audits, requiring identity verification from the customers.

KYC

The info you need to complete the KYC check

KYC check may vary a bit depending on the casino you opt for. However, in the overwhelming majority of instances, the gamblers will be asked to upload screenshots of the following documents to verify their identity.

Passport
National ID
Driver’s license
Utility bill
Bank statement
Government letter
Credit/debit card copy
Crypto wallet verification

These are just some examples of the data that may be requested as part of the KYC process. Use only valid, up-to-date, and clear details if you want to make the verification process fast and effective.

What documents are needed for the KYC check

Know Your Customer can be quite a quick and effortless process if only gamblers follow the rules. According to the information specified on the casino page, make sure you are ready with the required documents that can help to verify your identity and keep gambling without any safety risks. Check out the list of documents most commonly required for the KYC.

ID

Proof of identity may be fulfilled in multiple ways. Upload the passport scan, national ID card, or driver’s license with valid information. The full name, date of birth, and photo are the elements required for success with this step.

Proof of funds

E-wallet or bank screenshot, photo of the credit card (with the digits hidden for safety reasons), or crypto wallet address may be requested as a part of the KYC process. The main idea of this step is to prove that the used payment method belongs to you.

Address proof

This step is also quite simple, as here you will need to upload the screenshot of the utility bill, bank statement, or tax-issued letter. Make sure any of these elements are recent (less than 3 months). The full name of the gambler and the residential address should be included.

As you provide clear and accurate information, you enhance your chances of relishing a smooth and quick verification process.

Speed up your KYC process

Know Your Customer is an important and responsible process that may take quite some time to complete. However, the overwhelming majority of experienced gamblers are not willing to waste their time waiting for the verification. Therefore, they are continuously looking for effective ways to speed up the KYC procedure.

Is it even possible? How do you succeed with it faster? Check out a few tips and tricks that will draw you to the desired result without extra delays.

Add high-quality photos. Clear scans and readable documents may speed up the KYC process.
Use valid documents. Check if your ID is not expired so that you will not require extra information checks.
Be precise with your information. Make sure the spelling of your name in the ID and casino account coincide.
Follow the instructions. Stick to the recommendations so that you can confirm personal information quickly.
Respond to requests. Check your mail so that you can add extra information or provide additional documents, if needed.

The KYC process can be quick and easy, but only if you know how to follow the rules and provide up-to-date information.

Is the KYC process really safe?

Know Your Customer is one of the fundamental processes for online gambling services that ensures their dependability. Is it safe? Conducted by licensed and responsible platforms, it is a 100% protected and transparent process. Due to the advanced encryption systems and strict data protection rules, the casinos guarantee the highest level of personal data security.

As specified above, the casino may require quite sensitive personnel information, but in the overwhelming majority of instances, it makes sure none of the details are passed to a third party. Moreover, KYC can protect the gambler from identity theft, fraudulent activities, and money laundering. Consequently, such a step that may feel quite intrusive is indispensable, as it ensures a legal, secure, and fair gambling environment.

Make sure you opt for the legal online casinos, as it is the only way to stay protected during the KYC process.