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.