Gambling group drafts anti-money laundering guide
A gambling industry group says it’s drafted a first-of-its-kind guide to help casinos prevent money laundering.
The American Gaming Association released its best practices Thursday to help casinos and Internet gambling sites comply with anti-money laundering laws.
Casinos generally have their own plans but the group says there hasn’t been an industry-wide guide until now.
Among red flags to watch for are gamblers who don’t gamble much despite big spending, don’t willingly offer personal information when asked, or make bets that cancel each other out such as betting on both red and black at the same time in roulette.
Well known casino brands have found themselves the subject of money laundering probes in the past.
Wynn Resorts recently disputed reports that the company is under investigation for breaking money-laundering laws.
