Money Launderers Are Utilizing Online Gambling Sites To Launder Illegal Money, FINTRAC Warns

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), Canada’s financial intelligence agency, has issued a warning that illegal money is being laundered via iGaming sites that offer many different ways to hide suspicious funds. Criminal exploitation of unlicensed and legitimate digital wagering operations: In a recent newsletter, FINTRAC emphasized the “criminal exploitation“ of […]