Internet casinos: holding the line online

Casino gaming is mushrooming and with it the risk of the casino becoming a significant laundering vehicle, writes Nick Kochan . Driving this growth are two factors, both of which contain inherent concerns for the anti-money laundering (AML) community.

One problem for AML specialists is the increasing number of poorly-regulated countries that have encouraged the growth of a casino sector in a bid to boost taxation revenues. The burgeoning of casinos in the poorer parts of Asia and Eastern Europe - almost every hotel in Kazakhstan, for example, has a casino in its lobby - presents a growing money laundering risk as most of these sectors have limited regulation and enforcement.