A gaming company has been fined more than 386,000 euros for violating anti-money laundering rules.
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Las Vegas is a hot spot for money laundering since its gaming laws enable offenders to launder money gained through illicit ways.
The article examines money laundering in casinos and how they are vulnerable targets
The gambling and gambling industry must comply with regulations to prevent money laundering and terrorist financing, and each region has its own regulations.
With technology development, the video games sector has also expanded considerably. The expansion of the video game industry has brought some crimes, for example, money laundering.
The gaming industry is regulated by gaming regulators as it is at risk of financial crime.
Financial criminals target gaming and gambling businesses for money laundering. It can be used as laundering funds obtained from criminal activities.