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Gambling Online Gaming Money Laundering

Cozen O'Connor

50 AGs Raise the Stakes, Urging DOJ to Target Offshore Gambling

Cozen O'Connor on

A bipartisan coalition of 50 AGs has sent a letter to the U.S. DOJ asking it to prioritize enforcement efforts against illegal offshore online gambling platforms. In the letter, the coalition warned that these unregulated...more

Awatif Mohammad Shoqi Advocates & Legal...

The Establishment of the General Commercial Gaming Regulatory Authority (GCGRA): A Transformation of the Gaming Industry in the...

In a significant regulatory development, the UAE has established the General Commercial Gaming Regulatory Authority (GCGRA). The GCGRA’s creation signals a shift in the legal landscape of commercial gaming in the region,...more

Ballard Spahr LLP

European Commission Highlights Online Gambling’s Money Laundering Risks

Ballard Spahr LLP on

Report Previews Potential Implications for the United States - The European Commission (“Commission”) recently released its 2022 Supranational Risk Assessment Report (“SNRA Report”) to the European Parliament and Counsel...more

Cadwalader, Wickersham & Taft LLP

UK Gambling Commission Cracks Down in Respect of Money Laundering Failures

On 12 March 2020, the UK Gambling Commission announced that it will fine online gambling business Betway Limited (“Betway”) £11.6 million for failures in respect of its anti-money laundering controls and handling of seven of...more

Ballard Spahr LLP

FinCEN Director Blanco Addresses AML Compliance and Casinos

Ballard Spahr LLP on

FinCEN Director Kenneth A. Blanco delivered prepared remarks on August 13 at the 12th Annual Las Vegas Anti-Money Laundering Conference.  We previously have blogged repeatedly on the anti-money laundering (“AML”) and Bank...more

K&L Gates LLP

Is Money Being Laundered Through Your Financial Institution Using Daily Fantasy Sports Sites?

K&L Gates LLP on

This alert addresses the explosion in popularity of daily fantasy sports (“DFS”) sites and the money-laundering potential that DFS sites may offer to criminals around the world. It then explains potential legal liability...more

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