BetCris 10 days document approval

[JohnnyC]

Hi All,

I sent a proof of wealth or whatever they call it in to cris 10 days ago.

It is a one page document and they still have my account frozen, is this normal? I ask live chat every day, what should i do?

[Limited]

I can't connect to the cashier - it says

Error (481141) Please contact customer service.

Is it related?

[Brooklyn Dick]

Hi All,

I sent a proof of wealth or whatever they call it in to cris 10 days ago.

It is a one page document and they still have my account frozen, is this normal? I ask live chat every day, what should i do?

Betcris/Bookmaker is understaffed now. Good luck.

[Foxx]

Since when is Betcris doing SOW? Is this a new thing? Is Costa Rica requiring that? If not, seems like bull shit thing for them do be asking.

[Optional]

Hi All,

I sent a proof of wealth or whatever they call it in to cris 10 days ago.

It is a one page document and they still have my account frozen, is this normal? I ask live chat every day, what should i do?

PM me your account number and I can ask for you.

You can also complain to their nominated ADR service here https://ecogra.org/forms/adr-dispute-step-1

Since when is Betcris doing SOW? Is this a new thing? Is Costa Rica requiring that? If not, seems like bull shit thing for them do be asking.

They are required to do it under their Malta license

https://www.authorisation.mga.org.mt/verification.aspx?lang=EN&company=534c524b-f45b-4216-9e62-c8feb472d51e&details=1

[Foxx]

They are required to do it under their Malta license
https://www.authorisation.mga.org.mt...d51e&details=1

Thanks for the info. Does that go for Bookmaker too?

[Optional]

Thanks for the info. Does that go for Bookmaker too?

Nope. Different companies now as far as I know.

[bookie]

What exactly is involved in a Source of Wealth statement? This is one I found. Is the one you fill out for sportsbooks this thorough? And do you need to send in, as this one suggests, all the "supporting documents" for everything you've got? Even with everything kosher this looks like hours of work.


Source of wealth declaration form
Note: all supporting documents attached to this form must be recent and relevant, i.e. issued or certified not earlier than three months prior to completing this form. At least one part of this form must be completed.
I, the undersigned, confirm that my accumulated wealth is derived from legitimate sources, which are not linked and/or derived from criminal origin, of whatsoever nature, and in particular do not constitute the proceeds of money laundering or terrorist financing. The origins of my accumulated wealth are provided below in this document.
Please select all appropriate boxes from which you derived your estimated worth
☐ Capital of company/dividends:
If yes, please provide the below details, including copy of a license (or similar document) showing ownership details, and dividends distribution statement.

Name of the company: ………………………………………………………….
The address of the company: ………………………………………………………….
Jurisdiction of registration:
The business activity of the company: ………………………………………………………….
Amount of annual profit: ………………………………………………………….

Attach clear copies of the supporting documents to this declaration.

☐ Income from business:
If yes, please provide the below details, including copy of a license (or similar document) showing ownership details along with the latest audited accounts.

Name of the company: ………………………………………………………….
The address of the company: ………………………………………………………….
Jurisdiction of registration:
The business activity of the company: ………………………………………………………….
Amount of annual profit: ………………………………………………………….



Investment income:
If yes, please provide the below details, including copy of the investment statements and confirmation of funds from the investment company \ Bank statement showing receipt of funds by investment company

Amount of investment: ………………………………………………………….
Investment holding period: ………………………………………………………….

Attach clear copies of the supporting documents to this declaration.

☐ Gift/Inheritance:
If yes, please provide the below details, including documentary evidence such as Solicitor \ lawyer’s signed letter[i]:
Name of donor \ deceased: ………………………………………………………….
Relationship to the donor \ deceased: ………………………………………………………….
Date received: ………………………………………………………….
Total amount received: ………………………………………………………….
Donor’s \ deceased’s source of wealth: ……………………………………………………….


Attach clear copies of the supporting documents to this declaration.

☐ Professional salary:
If yes, please provide the below details, including last three months’ payslips showing employer and amount received, and / or letter from employer confirming salary and years in employment, supported by the bank statement showing receipt of salary, and /or bonus payment
Name of employer: ………………………………………………………………
Occupation: ……………………………………………………………………….
Address of Employer: …………………………………………………………….
No of years in Employment: ………… Gross Annual Income: ……………

☐ Profit from sold or matured investments:
If yes, please provide the below details, including share certificate/contract note/statement, along with bank statement showing the incoming redemption proceed, and /or written confirmation of sale/holding signed by an individual from a regulated profession on headed paper, clearly outlining the sale value of shares.

Investment type: ………………………………………………………….
Date of liquidation/sale and sale amount: …………………………………………………….
Investment holding period: ………………………………………………………….

Attach clear copies of the supporting documents to this declaration.

☐ Profits from property sale
If yes, please provide the below details, including copy of the contract of sale clearly outlining the details of the property sold, the address, date of sale, the value of the property sold, and the parties involved, and a copy of the title deed from the land registry:

Address of the sold property: ………………………………………………………….
Date of sale: ………………………………………………………….
Total sale amount: ………………………………………………………….

Attach clear copies of the supporting documents to this declaration.

☐ Regular income from owned properties rented:
If yes, please provide the below details of the property, including evidence of a property ownership in the form of a title deed, along with lease agreement and / or rental receipts, the statements issued by the real estate management entity can be included too.
………………………………………………………………………………………………………… ………………………………………………………………………………………………………… ………………………………………………
Property type: ………………………………………………………….
Property address: ………………………………………………………….
Rental income received from the property: …………………………………………………….

Attach clear copies of the supporting documents to this declaration.

☐ Profits from sale of company:
If yes, please provide the below details ,including a letter from a qualified solicitor[ii] detailing company sale and /or a certified copy of the contract of sale and bank/financial institution statement showing proceeds.

Name of the company: ……………………………………………………….
Address of the company: ………………………………………………………….
Country of incorporation: ………………………………………………………….
Business nature of the company: ………………………………………………………….
Date of sale: ………………………………………………………….
Amount of sale: ………………………………………………………….

Attach clear copies of the supporting documents to this declaration.

☐ Compensation payment:
If yes, please provide the below details
………………………………………………………………………………………………………… ………………………………………………………………………………………………………… ………………………………………………
Name of the compensating payer: ………………………………………………………….
Reason of payments: ………………………………………………………….
Compensation type: ………………………………………………………….
Amount of compensation received: ………………………………………………………….
Date received: ………………………………………………………….

Attach clear copies of the supporting documents to this declaration.

☐ Family business / support:

If yes, please provide the below details and complete any of the above sections as the case may be:
Name of the family member: ………………………………………………………….
Relationship with the family member: ………………………………………………………….
Country of residence: ………………………………………………………….
Family member’s source of wealth: ………………………………………………………….

Attach clear copies of the supporting documents to this declaration.

☐ Pension (please complete the section of ‘Professional Salary’)
☐ Other, please specify
………………………………………………………………………………………………………… ………………………………………………………………………………………………………… …………………………………………………………………………………………… ….
Attach clear copies of the supporting documents to this declaration.

Please note that evidence and supporting documentation of this source must be provided in the English language or accompanied by a certified translation to the English language as per s978 of the ADGM Companies Regulations. The ADGM RA reserves the right to request for further information as it sees fit.

☐ I declare that information provided in this form is true and complete. I agree to provide the ADGM RA with any further information or supporting documentary evidence in respect of the sources of wealth upon request.

Full name of the individual: …………………………………………………..

Signature of the individual: …………………………………………………..

---

[i] In some jurisdictions, this letter is issued by a notary public or other legal professionals qualifying to issue such letters and statements.

[ii] In some jurisdictions, this letter is issued by a notary public or other legal professionals qualifying to issue such letters and statements

[capitalist pig]

SOW give me a break, why would anyone play at such a place if they new about that before depositing, which I’m sure nobody knows about it before they deposit

[Optional]

Yes that is the standard form Bookie.


@capitalistcpig, every mainstream licensed bookmaker is required to do this if red flags arise, under the terms of their license.

[Brooklyn Dick]

Nope. Different companies now as far as I know.

Same owner, work out of the same Building in San Jose, same key employees. That is a FACT.

[Optional]

Same owner, work out of the same Building in San Jose, same key employees. That is a FACT.

I only know what I am told and that's what I am told by a senior manager in there.


Same building, share support staff, does not equal same ownership in this industry. That is also a fact.

Have you got any other reason to make your claim? I think you're wrong.




Also Fox's question was related to if Bookmaker are the same as BetCRIS in terms of KYC procedures.

They are not. CRIS holds a Malta license and has to abide to the conditions of that. Which include SoW and SoF checks sometimes. Bookmaker does not.

[Brooklyn Dick]

[QUOTE=Optional;30856246]I only know what I am told and that's what I am told by a senior manager in there.


Same building, share support staff, does not equal same ownership in this industry. That is also a fact.

Have you got any other reason to make your claim? I think you're wrong.
Same building, share support staff, does not equal same ownership in this industry. That is also a fact.

Have you got any other reason to make your claim? I think you're wrong.

Only reason I make my claim is because it is true. And the building ONLY has ONE book. Betcris/Bookmaker.
I am far from the only person that knows this.

[Optional]

Only reason I make my claim is because it is true. And the building ONLY has ONE book. Betcris/Bookmaker.
I am far from the only person that knows this.

Ok thanks.

[bookie]

If a Malta-licensed book told you they wanted a SoW statement, and you didn't want to send it, would they just send you your money?

And what tends to trigger these requests? Are they really common? Also, who besides Pinnacle is Malta-licensed?

[Optional]

If a Malta-licensed book told you they wanted a SoW statement, and you didn't want to send it, would they just send you your money?

And what tends to trigger these requests? Are they really common? Also, who besides Pinnacle is Malta-licensed?

Unfortunately no they wont. Once they have started they are supposed to finish. Everyone who can't supply the info tries to say just send me my money then.

I really do not know exactly how BetCRIS handle this stuff though. You can try it but would not get my hopes up.

Best to try and sound like of course you can comply no problems and just send what you can without asking too many questions. The person you speak to will rarely be the assessor. The form is not that complex btw. Just select one category and fill in 3 or 4 boxes. But be prepared to show proof of whatever you say. Avoid saying your income is gambling winnings as that is the hardest to prove satisfactorily.

What is supposed to set it off is anything that could reasonably be expected to make the book think you are betting more than you can afford, betting more than you earn, betting with the proceeds of crime or laundering money.

Every book in every mainstream jurisdiction is supposed to follow AML/KYC and Responsible Gambling guidelines, not just Malta.


It's not uncommon, but unless you are betting big money will be unlikely to ever happen.

[bookie]

Thank you for the clear answer Optional.

Do brokers like Odsy88 ever hit people up with these things?

[JohnnyC]

UPDATE: After weeks of no answers from bet cris they sent my balance and closed my account.

A large stock portfolio was not sufficient proof for them. They wanted my initial investment in the portfolio. For me that initial investment was my gambling winnings. I have never had a job and I am almost 40 years old.

[Limited]

If not secret how long you are playing there and did you deposit big amounts recently? Have you even tried to prove them that your deposits are coming from winnings?

Thanks

[5918mike]

And the building ONLY has ONE book. Betcris/Bookmaker.
I am far from the only person that knows this.

That would be 2 books

[Limited]

Also to support the idea that Betcris / Bookmaker aren't same bookie, would be the amount of SoW reports. It looks like Betcris is quite frequent, I didnt hear much about Bookmaker asking it. Correct me if I am wrong. Maybe be same owner, but different license comes with different regulatory requirements?

[Optional]

UPDATE: After weeks of no answers from bet cris they sent my balance and closed my account.

A large stock portfolio was not sufficient proof for them. They wanted my initial investment in the portfolio. For me that initial investment was my gambling winnings. I have never had a job and I am almost 40 years old.

Compared to most regulated books, that is a decent result.

If Bet365 think you do not have enough evidence for them to justify to a regulator that you have been properly checked and passed, then they would not send your balance back.

[Stallion]

You are better off without Betcris

[TheMoneyShot]

I thought it was alarming when some books asked where you got your BTC from.... and you had to show proof.

Now they are asking for proof of wealth? I'm so aggravated in hearing this... I would totally fukk anyone up who got in my way telling me to prove my livelihood. I would spit right in that dudes face that asked me. They are lucky they are offshore. This isn't credentials in showing for a business loan apporval or buying a home... this is a wagering acct. Like fukkkkk you. I'd be like stick your bu#shi# book up your ass.

Ridiculous things they are asking for.

[RonPaul2008]

Wouldn't some tax returns be proof enough that the money is legit (assuming your funds are derived from sports gambling)?