Page 4 of 4 FirstFirst 1234
Results 61 to 63 of 63
  1. #61
    AussieDave's Avatar
    AussieDave is offline Public Member
    Join Date
    November 2005
    from the land downunder
    Blog Entries
    Thanked 1,876 Times in 1,071 Posts


    Quote Originally Posted by nwalker View Post
    My Bank - HSBC, sent me a letter just before xmas, saying that i had to provide information on where the money in my Business Bank Account came from. If I didn't comply they would close my account on the 1st Feb and return my balance to me.
    KYC on bank customers is usual practice (in most countries) these days.
    Anyone paying into their account, or receiving funds (from another party) into said account, is required to perform KYC.

    Further to this, a bank may also request from the account holder, proof of earnings. As nwalker describes above.

    Least your bank would return the 'money' to you, if you didn't comply. If you don't comply with an affiliate program's KYC request, they close your account, confiscate your earnings, and keep your referred players (most are a law unto themselves).

    It's ironic really, given, on one hand, they seek to comply with legalities, yet on the other, are all too willing to commit theft
    Compliance: a code word for control

    Do the right thing, even when no one is looking. It's called integrity.

    It's your right to be treated honestly: fairness for all igaming affiliates -

  2. The Following 2 Users Say Thank You to AussieDave For This Useful Post:

    -Shay- (22 May 2019), PromoteCasino (21 May 2019)

  3. #62
    PokCas is offline Private Member
    Join Date
    February 2019
    Blog Entries
    Thanked 67 Times in 47 Posts


    I guess they should have used the word 'freeze' or 'hold' instead of seize and then it would have been okay.
    Also, 7 days seems to be not enough, what if a person is on holiday/unavailable? It is an email, not a phone call.

  4. #63
    -Shay- is offline Public Member
    Join Date
    November 2012
    Thanked 3,135 Times in 1,686 Posts


    Our commissions was silently adjusted (retroactively) AGAIN. If there's any question on whether this whole thing was a legit request or an excuse for a cash grab, my mind is made up as to which it was.

Page 4 of 4 FirstFirst 1234

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts