Especially in reference to casinos?
Edit: since I’ve gotten some answers, I want to add: is it possible to use sports betting to launder as well?
In: Economics
For wealthy Chinese there is (was?) a market for people paying for all inclusive vacations at gambling destinations. This would include however much gambling money they wanted deposited at the casino.
They would go and do little to no gambling then cash out in a different currency (USD).
Not totally money laundering but kind of as it was a way to get your money out of China.
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