Study Shows Money Laundering in Online Poker Can Be Avoided
Money laundering is one of the biggest issues that raise legal and political fears, especially when it is related to gambling. A recent study was released by an Institute for Gambling and Gaming in Germany and the Johannes Kepler University in Austria and was commissioned by TÜV Austria Gruppe, in order for it to find out which criteria should be used for a better supervision of gaming suppliers. The researchers revealed that by establishing a series of measurements, they reached the conclusion that they managed to reduce the risks of money laundering in online poker through various methods of tracking.
The analysts explained that Germany has become the second-largest online poker gaming hub in the world, many fearing that online operations might lead to money laundering issues. Member of the European Parliament Ashley Fox commented that nowadays, online poker players need to follow a series of identification processes, including electronic fingerprint through a cashless service, which means that transactions and player activity can easily be tracked. Researchers have provided information regarding the fact that there is lack of scientific evidence on the quantification and existence of money laundering risks in regard to internet poker, and only strong technical security and regulatory measures can minimize any risk. This article was offered by CasinoWebScripts, the top internet gaming provider that offers top solutions to entrepreneurs searching to buy online casino scripts.
Top Articles
As a casino operator, you're always looking for ways to keep your players engaged and loyal. Enter gamification: a strategy that brings the engaging elements of video games into the online casino world. Think of it like...
In the ever-evolving landscape of online gaming and entertainment, the demand for innovative and captivating sweepstakes social casino solutions continues to grow. While the United States has witnessed a burgeoning interest...
Creating an online casino and starting a business in the iGaming industry is a great option for entrepreneurs who are interested in making a successful investment. The constantly-growing casino market is tempting, mostly...
What is a payout percentage? Return to player or payout represents the percentage of the total bet amount that the casino has returned to the players, as wins. The value displayed on our website and inside our games...
The first step towards starting an online casino which operates with real money is obtaining an online casino license. The products that we sell might require a casino/gambling license depending on the jurisdiction in which...
Being considered just a virtual-world currency and not being legally recognized as a real money currency by any state in the world is the biggest advantage of Bitcoin. Using it as a currency for your casino and accepting...
Guide about how to start your online casino website now Using our products, you get the opportunity to start your online casino website in 24 hours, without having to pay any monthly fees (you get to keep 100% of...