– How is gambling used to launder money?

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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

16 Answers

Anonymous 0 Comments

Any all cash or mostly cash business that works with the public can be used to launder money. A few common examples are strip clubs, junkyards, convenience stores, etc. You just enter purchases that didn’t happen in your books and that explains where all the cash came from.

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