FATF identifies money-laundering risks in gambling and online gaming
The Financial Action Task Force outlined money-laundering and terrorist-financing risks across land-based casinos, online gambling and video gaming in a report published on Wednesday. It highlighted payment methods including cash, e-wallets, mobile money and virtual assets, and listed indicators such as mismatched location details and high deposits with little betting activity.
The risk indicators give gaming compliance teams and regulators areas to assess in their monitoring and oversight.