Betkings launches guide to ensure security on poker sites

In this article, Betkings reviews the importance of KYC to verify the player’s identity in the world of online poker.

Press release.- Driver’s licenses, utility bills, bank account statements: These are some examples of documents that can also serve a purpose in the world of online poker, in the form of KYC.

Players might have to submit them to their poker site to verify their identity before receiving a payout. Identity verification is a commonplace practice at internet gaming destinations, and although it can be slightly annoying, it serves several useful purposes.

So, what exactly is this KYC? “Know Your Customer”. Put simply, it is a process to verify the identity and other credentials of an online user. A basic verification can include the player’s date of birth (showing that the player is over eighteen (18) years of age), player’s first and last name, place of residence, verified email address, etc. And this is important to keep the playing community a safe place at all times.

In the case of Betkings, to ensure transparency within the network it is prohibited to open anonymous accounts or accounts in fictitious names such that the true beneficial owner is not known. Betkings also verifies the player’s identity through the comparison of information provided by the player with information obtained from a reporting agency, public database, or other sources.

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Its security department staff is strategically trained to detect red flags and signs of money laundering and manage suspicious activity reports.

Some recommendations for poker agents:

• Explain to your player the importance of KYC and the consequences of unlawful activity before they open an account.

• Establish a mechanism with your team to request KYC documentation and to communicate when there is considered to be a risk or uncertainty about the information on the account or hand history.

• Set a manageable minimum and maximum amount of payment for new players.

• If a player refuses to provide documentation or appears to have given you misleading details assess the impact this could have on your agent business in the long term.

• Its very important to establish an environment of transparency regarding the player data

• Regulations are tighter every day and when an agent commits fraud to a network their whole operation becomes at risk because it is common practice to fully stop agents who deliver unhealthy traffic.

• To avoid unpleasant experiences for the players, Betkings’ security department is committed to creating a safe compliant environment for everyone, regardless of where they are: all rules are to be respected and BetKings supports the agent every step of the way.

According to the company, agents joining Betkings will benefit from fraud detection tools, like complex algorithms that can detect suspicious behavior in a short amount of time. This, together with leverage and experience, make sure claims are quickly resolved and any leftover consequence strongly mitigated.

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