What do Bookies Mean by Know Your Customer Checks?

Know Your Customer (KYC) checks are mandatory regulatory and compliance processes that bookmakers implement to verify the identity of their clients. The primary aim of these checks is to prevent underage gambling, fraud, and money laundering. In the UK, the Gambling Commission requires bookmakers to adhere to strict KYC requirements as part of their licensing conditions. This ensures that a bettor’…

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from BettingGods.com https://bettinggods.com/faqs/bookies/what-do-bookies-mean-by-know-your-customer-checks/
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