AML (anti-money laundering)
Rules and checks meant to stop criminals using a business to hide the origin of illegal money.
Anti-money laundering (AML) covers laws, policies and monitoring that stop a business being used to launder money. For casinos, it includes identity checks, monitoring of deposits and withdrawals, limits on unusual patterns, and reporting suspicious activity to authorities.
Why it matters to players
AML checks explain a lot of casino behaviour that players find frustrating: requests for source-of-funds evidence, holds on large withdrawals, rules that withdrawals must go back to the same method used to deposit, and wagering requirements on deposits before withdrawal.
Crypto specifics
Casinos may screen incoming crypto against blockchain analytics tools. Funds that passed through sanctioned services or mixers may be frozen. Withdrawing to an address that analytics flags can also cause problems.
In Canada
Regulated Canadian operators, and crypto businesses registered as money services businesses, have reporting duties to FINTRAC, including reports on large virtual currency transactions of $10,000 or more.
Tips
Deposit from accounts or wallets in your own name and keep records of where your funds came from.