Update: Inter-Player Fund Transfers Ban Explained by Lock Poker

Following the ban on some player-to-player fund transfers, Lock Poker issued an explanation regarding its recent decision. The operator stated that a small number of players have been abusing the service in order to create false accounts and buy up other players' account balances for as low as fifty cents in the dollar. The company's explanation refers to a particular case of a player pretending to be an affiliate and was traced back to a large number of suspicious accounts connected to a syndicate. This sort of activity is linked to money laundering. The operator further revealed that the "affiliate" tried to prioritise his withdrawals over those of legitimate players and circumvent the compulsory 1x play-through requirement. Namely, Lock Poker allows transferred funds to be cashed out provided the rigorous inspection. The operator underlined that its motive is to prevent fraudulent and abusive player-to-player transfers in the interests of everyone involved, as they represent a potential danger to a service that is convenient and useful to ordinary, honest players in the industry. Apart from Lock Poker, Playtech's iPoker Network and numerous sports betting companies have already imposed a ban on player-to-player transfers for the same reasons as the operator.