11 Hrs
Source:
تونزي تيليغراف
Tunisian Telegraph: FATF warns on gaming and gambling used for money laundering
The Financial Action Task Force issued a warning to countries regarding the use of illegal video game and gambling platforms for money laundering through circumventing regulations. Criminals rely on techniques such as small, multiple transactions to conceal financial operations. It clarified that the growing global market and anonymous payment methods provide significant opportunities for organized crime networks to exploit these sectors, with illegal gambling being identified as the most prominent threat due to market saturation in illicit markets and the facilitation of money laundering through cryptocurrencies and digital services. The group called for enhanced international cooperation and monitoring to detect suspicious criminal activities, along with the development of behavioral and financial indicators to assist authorities in monitoring and mitigating these risks.
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