February 15, 2024

Treasury Department Shines a Light on Money Laundering Risks in the $109 Billion Sports Betting Sector

US Treasury Department Unveils Startling Insights into Sports Betting and Money Laundering The recent National Money Laundering Risk Assessment by the US Treasury Department casts a spotlight on the burgeoning sports betting market, now evaluated at a staggering $109 billion. This comprehensive report underscores the increased susceptibility to money laundering activities within this sector. A […]

January 19, 2024

FINTRAC Issues Money Laundering Alert for Online Gambling

Be Vigilant: FINTRAC Raises Alarm on Money Laundering Risks in Online Gambling The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has sounded a clear warning to the gambling sector. In a special bulletin, FINTRAC has flagged the heightened risk of money laundering through online gambling, urging operators and payment providers to remain vigilant […]