GAMBLING POSES MONEY LAUNDERING CHALLENGE
January 1st, 2008
BY ALAN OSBORN
BRITAIN'S Gambling Commission says that 68% of the UK population gambles - wagering some GBPounds 91.5 billion in 2006. This is big money on the face of it, although if 'soft' gambling like the National Lottery, bingo and things like the annual flutter on the Grand National is excluded, the figure drops by about half, with casinos, betting shops and racetrack bookmakers representing the core elements. Nonetheless, it is still a sizeable sum and, one might have thought, a tempting sector for would-be money launderers. But that hasn't happened - or ...
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