Combatting Money Laundering in the Online Poker Industry

Combatting Money Laundering in the Online Poker Industry
A new academic study commissioned from the department of economics at Johannes Kepler University in Linz, Austria and the International Research Institute for Gambling and Gaming in Bonn, Germany reveals that money laundering concerns surrounding the online poker industry may be unfounded. The study was intended to create standardized rules for monitoring gambling services providers in terms of technology and financial regulation. Prof. Dr. DDr. h.c. Friedrich Schneider, Prof. Dr. Dr. Franz W. Peren and Prof. Dr. Reiner Clement wrote a report based on their findings called “Online Poker: Possible Money Laundering and its Prevention”. The study focuses on the German online poker market and the trials and tribulations it has faced. To make a long story short, the study results in a ten-point plan creating a series of measures that will combat money laundering with the regulated online poker market. The findings in their entirety may be viewed here: http://www.it-tuv.com/fileadmin/datenpool/pdf/studie-online-poker-geldwaesche/aml-study-abstract.pdf
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