Online gambling ban failing, says ex IRS agent

Staff Writer
December 7, 2009
3 Comments
The plcok is ineffective

The plcok is ineffective

A former IRS agent who specialized in detecting money laundering has told US Representatives that the online gambling payment ban is lacking proper regulatory structure. Read more.

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Tags: Article, IRS agent, Online Gambling
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  • Calvin Ayre

    There has never been a documented case of money laundering through on-line casinos. All money is already in regulated international banks before coming to the international an mostly regulated gaming companies so in order to launder money, it would have to be done in the global banking system not the gaming conmpanies. Additionally, the amounts sent by any one individual are too small to make this effective. This is just a myth used for some for their own aggendas.

    It is easier to stop money laundering online than it is in a land based casino that take cash.

  • Calvin Ayre

    There has never been a documented case of money laundering through on-line casinos. All money is already in regulated international banks before coming to the international an mostly regulated gaming companies so in order to launder money, it would have to be done in the global banking system not the gaming conmpanies. Additionally, the amounts sent by any one individual are too small to make this effective. This is just a myth used for some for their own aggendas.

    It is easier to stop money laundering online than it is in a land based casino that take cash.