What is the most common way to launder money in casino?

[kayode10]

I was reading online that some people are using casino to London money from one place to another. it is said that this usually involves casino owners who go together with the kingpin in the town.

One of the questions I want to ask you guys over here is that What is the most common way to launder money in casino? I'll be looking forward to your response in the comment section thanks in advance.

 

[swift]

Most people actually takes part in money laundering ,like they actually have the way they invest in a huge manner on that gambling sites and drop their illegal investment there to avoid been caught

 

[Btaliat]

Most people actually takes part in money laundering ,like they actually have the way they invest in a huge manner on that gambling sites and drop their illegal investment there to avoid been caught

Exactly, people have different ways of doing illegal deal and using casino may not be a new thing. Sometimes, they allow the casino owners to be involved in order to make the process so easy to carry out for them.

 

[swift]

Exactly, people have different ways of doing illegal deal and using casino may not be a new thing. Sometimes, they allow the casino owners to be involved in order to make the process so easy to carry out for them.

yeah true probably they have the way they could bribe and others , although that's why the government need to place an obvious control , probably to reduce cases of this tricks happening I think

 

[cherry123]

Laundering money is easy, the casino owners get nvolved in order to make the process so easy and they get their cut. They have different ways of doing illegal deal using casino and their owners so this is very possible. we might not know the process

 

[swift]

laundering money and others could actually be termed bad ,but I think there are many casinos that do this a lot ,like they actually launder a lot of money and others in prospect of scamming other investors

 

[Julio88]

laundering money and others could actually be termed bad ,but I think there are many casinos that do this a lot ,like they actually launder a lot of money and others in prospect of scamming other investors

You raise a valid point. I believe that casinos are as culpable as the individuals who are paraded as criminals because of it. The casinos act as a conduit for these money laundering schemes because money can be "cleaned" there

 

[swift]

You raise a valid point. I believe that casinos are as culpable as the individuals who are paraded as criminals because of it. The casinos act as a conduit for these money laundering schemes because money can be "cleaned" there

That's the problem ,there are actually many casinos that are in affiliate with those that are laundering money too , they actually run partnership with them and others ,and I think this could actually cause big problem and others as well

 

[Julio88]

That's the problem ,there are actually many casinos that are in affiliate with those that are laundering money too , they actually run partnership with them and others ,and I think this could actually cause big problem and others as well

Casinos are definitely no saints, I think that much must be established. They are in for their own interests, in all aspects, and money laundering would certainly fit that bill, in spite of its nefariousness

 

[swift]

Casinos are definitely no saints, I think that much must be established. They are in for their own interests, in all aspects, and money laundering would certainly fit that bill, in spite of its nefariousness

That's why you see that there are some wealthy big gurus that play the casinos and bets with huge amount of money , they probably have a lot of money and
they are actually really ready to spend it the way they want