Asia Gaming eBrief: Offshore gambling poses major AML risk: FATF
Gambling’s fastest-moving money may be the hardest to police. FATF says unlicensed offshore platforms can shift funds rapidly across borders through e-wallets, mobile money and virtual assets, while regulatory differences allow operators to appear legitimate. Its latest report places casinos, onlin…
Gambling’s fastest-moving money may be the hardest to police. FATF says unlicensed offshore platforms can shift funds rapidly across borders through e-wallets, mobile money and virtual assets, while regulatory differences allow operators to appear legitimate. Its latest report places casinos, online gaming and sports betting among the sectors most exposed to money laundering and calls for coordinated, risk-based supervision. In Shenzhen, MGM China is betting on a different kind of connectivity: its new 298-room MGM Shenzhen Prince Bay aims to strengthen visitor flows and hospitality offerings between mainland China and Macau. The post Asia Gaming eBrief: Offshore gambling poses major AML risk: FATF first appeared on Asia Gaming News | AGB - Asia Gaming Brief.