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Question of the Week -- Can Authorities Stop the Mob from Laundering Money Through Online Gambling Sites?

Posted  May 30, 2018

By the C|C Whistleblower Lawyer Team

The Italian mafia has entered the 21st century. According to multiple news accounts and criminal investigations, many of the major Italian mafia families are using online gambling websites-both real and fake-to launder their ill-gotten proceeds. Favoring online sites set up in Malta hidden behind layers of shell companies, Mafiosos have been running betting websites that allow for the easy movement of cash.

A recent U.S. Supreme Court decision means that U.S. states can now legalize sports betting, including online gambling sites. This decision will presumably lead to a rapid expansion in online gambling options outside of Europe. Whether this expansion in gaming will lead to a corresponding expansion in criminal enterprises taking advantage of the forum remains to be seen.

What do you think? Can authorities stop the mob from laundering money through online gambling sites?

Voting has been closed

Tagged in: Financial Institution Fraud, International Whistleblowers, Money Laundering, Question of the Week,