UKGC warns operators over money laundering
The gaming commission warned the operators as extremists could be using their services to fund their activities.
UK.- The UK Gambling Commission (UKGC) has warned gambling websites to be alert over extremist groups using racing, football and online bingo to fund their activities. The regulator said that they could be using fake IDs to set up online accounts to wash money.
The official warning said that “customers not being physically present for identification purposes” could mean that there is a higher risk of laundering, The Mirror reported. The commission also added that customers from high-risk jurisdictions or those who appear on international sanctions lists pose a threat to the operators’ systems.
“I believe authorities are very worried about this as it’s incredibly difficult to track money on the web and gambling sites,” said University of Buckingham security expert Prof Anthony Glees. The commission is putting all of its efforts into preventing these illegal activities from happening and therefore has called for more staff training and vigilance from its executives.
