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Illegal Gambling Sites Remain Avenue for Launderers Despite Crackdowns: Attorney
printSince the 2011 indictment by the U.S. Justice Department of some of the most prominent online gambling sites in the world, the financial risks posed by Internet betting have changed, believes Christine Duhaime, barrister and solicitor at Vancouver-based Duhaime Law. For one, payment processors have gotten better at disguising their role in prohibited transactions after American prosecutors alleged that at least four firms were lying to banks in order to process online bets, said Duhaime, who advises clients on the anti-money laundering (AML) risks associated with Internet gambling in Canada and abroad. Gambling operations too have since tried to stay...
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