FINTRAC Warns of Money Laundering in iGaming

[MissExposé]

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has alerted about the illegal laundering of money through iGaming platforms, emphasizing the exploitation of both unlicensed and legitimate digital betting operations. The financial intelligence agency highlighted common tactics, including the use of vouchers or prepaid cards, and provided a list of indicators to identify potential money laundering through online gambling sites.

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

Canada's FINTRAC has officially warned that money launderers are using legitimate and unlicensed online gambling sites to launder ill-gotten money.

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