188 Know Your Customer

matterz

New member
Joined
Mar 28, 2018
Messages
2
New here, so Hi.

Been requested to send over bank transactions from the past 3 months. Find this a little bit intrusive. There could be private transactions etc. Is this just common practice? Maybe I'm over thinking it
 

BMR Admin

New member
Joined
Jan 29, 2018
Messages
170
Welcome matterz.. the KYC protocol is standard with some operations. Thing is if you aren't comfortable sending these then you should ask them if there are other ways to confirm your id. Things are changing rather fast in the business, this is a prime example of protocol changes everywhere. .
 

BMR_Brad

Well-known member
Joined
Jun 4, 2016
Messages
1,371
It's horribly intrusive IMHO, but the UK laws insist they have to take steps to ensure you can afford to lose/deposit large amounts, are not laundering illegal cash, not embezzling funds to gamble with (common) and stuff like that.

I do not agree bookmakers should be put in a position to do this, but that is how it is under UKGC rules.
 

matterz

New member
Joined
Mar 28, 2018
Messages
2
Thanks guys.

Got told I could cover up transactions if I felt I needed too, with a brief explanation as to why. These got declined and now they are asking for full statement un-edited. Covered up about 15 transactions out maybe 300, which I felt was in my right. Its plain to see I'm not embezzling funds from some suspicious group. I wondered if anyone actually checks these documents at their end. Is this their policy to ask for this or is it industry standard? Still uneasy with the situation but guess I'm at a loss really. Its their way or no way.
 
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