Online Gambling Sites Being Used by Money Launderers: Financial Intelligence Agency

Online Gambling Sites Being Used by Money Launderers: Financial Intelligence Agency
A "deal" button on a casino app is shown on a smartphone in a photo illustration made in Toronto, on Jan. 17, 2024. The Canadian Press/Giordano Ciampini
The Canadian Press
Updated:
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Canada’s financial intelligence agency warns that illicit cash is being laundered through online gambling sites that provide a variety of ways to disguise shady funds.

In a newly published bulletin, the Financial Transactions and Reports Analysis Centre of Canada highlights the criminal exploitation of legitimate and unlicensed digital wagering operations.