BOOMING ONLINE GAMBLING – IS IT A MAJOR AML THREAT?
November 1st, 2013
Online gambling is big business and is forecast to grow exponentially. Where legal, the sector is generally tightly regulated - but there are risks of money launderers abusing gambling websites. However, some analysts suggest the risks are over-hyped, and say there is too little data to really prove that e-gambling is an emerging money laundering threat.Online gambling worldwide generates some USD30 billion in revenues a year, with Americans alone spending some USD4 billion, according to the American Gaming Association (AGA). Gambling and betting companies have ...
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