American Gaming Association (AGA) CEO Bill Miller has responded to suggestions that online gambling may lead to a rise in money laundering.
In a letter published by the Wall Street Journal (WSJ), Miller defended legal operators’ anti-money laundering (AML) efforts while criticising their illegal, offshore counterparts.
This came in response to an earlier WSJ article entitled “Online Betting Spurs Laundering Risk,” which suggested that a rise in online gambling may lead to a commensurate increase in money laundering.
The article’s author, Richard Vanderford, wrote: “Traditional casino gambling has long been acknowledged as a risk for money laundering […] Online gambling presents similar issues, but with fewer watchful eyes.”