Why Do Casinos Require Our Personal Information?
Although it takes no more than a minute to register at an online casino, it is still a topic around which there are discussions in the forums. Especially novice players have doubts: should they give their real name? Address? Phone number? A scan of your ID? What is all this for? We will try to answer in a few words why Best Microgaming Casinos in New Zealand require detailed data from us.
It might seem that sharing your personal data with a foreign company has little to do with security. The acquisition of detailed personal details of players and the restriction on transfers to a bank account bearing the same name as that given during registration is intended to limit such situations. Even if someone steals your username and password and then hacks into your casino account, they will not be able to withdraw money from it to their private bank account or credit card. Cryptocurrencies are an exception to this rule, as they do not require any personal data to be transferred, only the address of the virtual wallet, which is a random string of characters.
The player can minimize this risk by regularly changing the password to log in to the online casino. Ideally, the password should be at least 10 characters long and contain upper and lower case letters, special characters and numbers. According to experts, players should change their password at least once a month!
Player registration is also a procedure required by law. Those who used to visit land-based casinos had to deal with a “notebook” at the reception desk, into which they would enter their personal data. Today that role is fulfilled by a computer. Companies which provide gambling services are obliged to register players for a simple reason: to limit money laundering. The regulations for online casinos are identical and have been in force all over the world for many years. For decades, left-over casino “income” has been salt in the eye of revenue services around the world and has been the main form of “legalizing” cash obtained from an illegal source.
Today, KYC (Know Your Customer) policies require operators to keep a record of customers’ details along with their place of residence, a scan of their ID or other document with a photo, and increasingly, a certificate of the source of the money used in the game. From the player’s perspective, two of the three pillars of the KYC policy are particularly important: the customer identification programme and continuous monitoring. Their implementation means that you have to provide your personal information upon registration, and the casino reserves the right to verify the submitted data during play or before withdrawing funds. So you can expect a phone call from a casino employee after you have submitted your request to redeem your winnings.