GAMBLING REGULATORS GRAPPLE WITH TOUGH ML PROBLEMS WITHIN GAMING INDUSTRY
September 2nd, 2020
REGULATING money laundering within the gaming sector needs to be tough because of the potential to move large sums of money through regulated casinos, sports and online betting services. While placing an accurate number on the amount of money laundered through the sector is impossible, the scope for doing so is illustrated by the sector’s huge size – according to international market researchers Research & Markets, the industry’s worldwide turnover should reach USD525 billion by 2023 (1).
The need for regulators to respond aggressively to the ML risks ...
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