SectorWire
SearchGet the daily briefing
Menu

Ireland rates online bookmakers and private clubs significant money-laundering risks

Regulation

Ireland’s national financial-crime risk assessment rated online bookmakers and private members’ clubs as significant money-laundering risks, while most gambling activities were assessed as low risk. The assessment cited remote customer checks, payment methods and white-label arrangements among concerns for online betting.

The risk findings may inform compliance priorities for online betting operators and private clubs in Ireland.

Request a correction

Keep reading

Regulation

Analysis warns of money-laundering and trafficking risks linked to Southeast Asian gaming

An analysis by the ACAMS moneylaundering.com legal team said criminal groups exploit gaming facilities, payment channels and business networks in Southeast Asia for fraud, money laundering and human trafficking. It cited findings from the Financial Action Task Force and the UN Office on Drugs and Crime on illegal gaming platforms, cross-border payments and criminal activity involving casinos and scam compounds.

Continue reading