Online Casino News:  Money Laundering and Online Casinos
by Joanne R Sunday, February 14, 2010  at 1:49 PM
 
One of the biggest arguments for keeping online casino gambling illegal is that if it is legal it will lead to corruption, crime and money laundering. There were also reports that it would allow terrorists to launder their money through the online casinos thus enabling them to take over our country and eventually the world!
 
Ok, that might be a bit extreme – but it is extremists that we are dealing with when it comes to online casino gambling. Opponents of making online casino gambling legal always have a reason for that happening and say that money laundering is an inevitable consequence of allowing online casinos legal. They say that not only will the terrorists be able to launder their money, but so will any and all criminal organizations out there.
 
However, anyone who knows anything about money laundering will tell you that this is not the venue to do it through. The idea is to take dirty or illegal money and run it through an legal enterprise to “clean it.” However, anyone who understands the process will tell you that because online casino gambling is so scrutinized that this would be the last place that anyone would think to run their money through.
 
They argue that this is what they are doing right now with their money – but why would they run their “illegal” money through online casinos when they are “illegal” also? Experts say that not only is this not something that is not done, but it is ludicrous to think that anyone would take those steps to do it. Instead it is the mafia owned deli’s and bowling alleys these people really need to be afraid of.