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Gambling winners are most likely money laundering* recipients. In the overwhelming majority of cases, gamblers lose. * http://www.library.ca.gov/crb/97/03/Chap
by smashing 14y ago
Gambling winners are most likely money laundering* recipients. In the overwhelming majority of cases, gamblers lose.
* http://www.library.ca.gov/crb/97/03/Chapt11.html http://www.library.ca.gov/crb/97/03/Chapt11.html
- davidtyleryork 14y agoThis is sensationalist, but I'll give you a little more background on what we do (even though many of these practices are not nearly as prominent as the article says they were in the 1960s - 1990s). In order to operate as a legal gambling entity, we have to build and maintain a host of elaborate security, anti-money laundering and counter-terrorist protocols (one of the things that comes with the territory in the gambling space). We work with top partners in the industry, who have decades of experience dealing with these problems. While security and anti-fraud measures have improved significantly, this is a very high priority for us internally that we've put considerable time into.
- smashing 14y agoSensationalist? It is a link to the California State Library.
- davidtyleryork 14y agoRight, I understand that. I felt that it was sensationalist in the sense that it's unlikely to happen, but very "sensational" if it does. I should have focused on my response to the points in the article.