Europeans Lawmakers Claim That Online Poker is Not Relevant for Money Laundering

6 April 2013

John W. Kindt, a controversial politician which is against any type of online gambling, tried his best to convince legislators that online gaming and betting is a serious threat to the European economy. The campaigner expressed the idea that online poker is one of the main sources of money laundering in Europe and that is should be considered an illegal activity.
Luckily for poker enthusiasts, almost no politicians agreed to Kindt’s idea, so the bill that was put forward by him was never signed. This came as a result of several researches regarding money laundering being related to online poker, conducted by consulting companies like Goldmedia in Germany. The report showed that even though illegal actions might be conducted in this type of gambling activity, it would not have the power to influence economy in such a tremendous way that is could have significant effects and even if all the online poker market was used only for money laundering reasons, it would only represent 3.2 percent of all money laundering activities performed in Germany.
Another online poker company defends itself by stating that money which is played in online poker sites are most usually used in transactions which are supervised by the banking system, so there isn’t such a big possibility that big amounts of money could be used for money laundering. The information in this article was presented by CasinoWebScripts, a software development company which offers complete casino solutions, offering a variety of flash games, including table poker.

6 April 2013

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