FATF flags money laundering risks across online gambling and payment channels
By The Weekly Edge desk ·
Summary
FATF has warned that digital gambling, payment services and cross-border platforms create additional money laundering risks, iGaming Today reported. Its report draws on responses from 80 jurisdictions and identifies casinos and sports betting as particularly exposed. It also flags opaque ownership structures, unlicensed offshore operators and payment methods that complicate tracing funds.
Why it matters
FATF identifies casinos and sports betting as particularly exposed to money laundering risks involving ownership, offshore operators and payments.