Or send him a check for the balance and then put derogatory information under chexsystems and all the other banking blacklists so it can't be cashed.

I think I’ve heard someone calling this shotgun KYC. They will allow you to deposit but as soon as you show signs of using that money they take it as hostage until you prove you are not a criminal.

Sites like Paypal and Skrill did this because they know most people would otherwise just cancel on sign up , and when you've got money locked in you have no choice but to complete verification. Thankfully i haven't had to deal with their crap in the past 4 years due to better options existing.

You cannot end such a compelling sentence.. and not finish your thoughts in writing!!

What are the better options?

wise.com for example.

Wise has brutal aml and zero kyc - I was abroad and using wise as I thought it intended, as a means to transfer from my US accounts to my EU accounts, both happy and kyc'd through the roof. Account closed, would you like to click a button that feigns an appeals process? Click here to have it instantly denied!

Hint: Starts with “adv” and ends with “cash”

My brother actually abandoned 50€ 10+ years ago because he refused to do that verification ... I wonder if he could actually get that money back in any way still ...

Common with offshore online casinos: you can deposit and lose your money, but as soon as you try to withdraw winnings the KYC rolls out and you better hope you're not a US citizen because you weren't even supposed to sign up in the first place then.

Why is "if you gambled but we found out you weren't allowed to gamble, we'll take back your winnings but not give back your losses" legal? Shouldn't it have to be either "we'll reset everything back to before you gambled" or "everything you already did stands; you just can't do anymore (and are probably in trouble)"?

It is likely not legal but the gamblers are too lazy to take it to courts I would guess, and the casinos are in jurisdictions where it might be really tedious or expensive.

It probably isn't, but generally their ToS says you're not allowed to be in the US when you sign up, and they don't operate in the US. So you'd have to go sue them in the jurisdiction of whatever island nation they're operating in (or get the authorities there to care).

Additionally, if you're within the majority of people who deposit money and lose it all you're not going to even know this unless you do some active research about the casino.

Why couldn't such a judgment be enforced from a US court, by forbidding any American banks from sending any money to their bank until they pay up?

These sites typically operate using deposits/withdrawals in cryptocurrency.

> Why is "if you gambled but we found out you weren't allowed to gamble, we'll take back your winnings but not give back your losses" legal?

I don't know the actual law is, but it could be that the customer is the one who committed the crime of illegal gambling. If that's the case, it doesn't matter if keeping his winnings is legal or illegal, if the gambler brings suit he puts himself in legal jeopardy and I don't think the courts will enforce contracts associated with illegal activities (e.g. a hitman can't go to court to force his client to pay).

> a hitman can't go to court to force his client to pay

Somehow I doubt that causes many problems in trying to collect from clients.

To the extent it's about money laundering, if you lose the money and don't withdraw it, you're not laundering it.

They probably count on you not suing them in the offshore jurisdiction.

Presumably for the same reason you can't call the police if an illegal drug deal goes bad. [1]

[1] Which, yes, actually happens. E.g.: https://www.wect.com/story/22122424/man-calls-911-to-report-...

Usually, it is all deposits minus all withdrawals are refunded. The casino will be in the red here, due to provider costs.

The pinup website https://aviator-game.in/review/pinup/ is a secure and reliable place to play the Aviator game, and it offers plenty of bonuses for new members. These include a 50% reload bonus and a high roller bonus. You can also earn loyalty points and exchange them for cash. You can also enjoy live broadcasts of various sports and competitions.

Its well defined laws and aml directives, there is little ambiguity but those are the laws our dear politicians have passed.

It does not really work like that and the bank rarely gets to keep that money. If the SOW is not sufficiently established, the funds are either sent back to the origin of the funds or a SAR is filed, where another regulatory body will decide about the next steps. In any case, the custodian bank does not make anything from doing this.