Vulkan Vegas - Payment to third parties.

I have a problem with Vulkan Vegas casino that when I deposit an amount it doesn't go directly to them but to a third party.

E.g:

ellipserp (Tallinn)

IBOXBANK (Ukraine)

game gme

Doesn't this raise the suspicion of money laundering?

When I play on Bwin or Unibet it goes directly to a company.

In this case, it goes to untraceable companies.

Money laundering is taken very seriously in the European Union, even if you know about it and don't report it, you will go to jail.

The chat said it was fine, but I highly doubt it.

Has anyone encountered anything similar? I don't know if I should go to the police.

Hello,

have you already asked the casino about this?

I guess this would be the best start. Kindly inform us about any news.

Vulkan Vegas says it's completely legal and my lawyer says it's money laundering. I don't feel like going to the police, so it would be nice to know whether to request a refund to my bank account or go to the police.

Hello,

I'd say that this is pretty normal. Many casinos handle all transactions by third-party payment providers, and I would not dare to say that this is some sort of evidence of money laundering.

For example, if you pay for vacation via some booking app or web, the payment receipt will not be the same each time, it'll probably vary depending on the local payment provider.

MasterCard defines transaction laundering as "the action whereby a merchant processes payment card transactions on behalf of another merchant." It also refers to this approach as factoring, transaction aggregation or unauthorized aggregation. It can be used as part of a money-laundering scheme, to cover the trail of suspicious transactions.

It is a completely normal practice to use a specialized company processing the transactions, which is called "Payment processor" or "Payment aggregator".

As an example, I'll show you what a $200 payment to Pinnacle I made with Visa Debit (EUR) looks like (see the screenshot):

I don't even have to look to know it's a casino in Curacao and licensed by Antillephone.

We have been investigating for eight months, I have a lawyer in Curacao who is a specialist in online casinos in Curacao.

I will show you an example that is even more obvious than the above:

Both transactions take place on 1bet.com.

Only EUR/USD can be paid on the site

The 1bet.com transaction (also masked) went to Lithuania, while the second transaction went to China and was withdrawn in Chinese yuan.

f you have Netflix and 10 minutes, go to Netflix and scroll to 15:02 for the documentary Bringing Down Wirecard. The film explains the system exactly.

Unfortunately, I can't say more than that at the moment, but it's even worse than that.

Casinos operating and registered in EU member states do not do this, even though they use aggregators in the same way.

Ok,

It seems we were both talking about quite different situations - I was, at least, but I understand your point now. 🤔

Not exactly sure how it flows in off-shore companies. So, thanks for the Netflix tip, I'll give it a go soon.

Feel free to share only things you feel comfortable with. 🙏