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US May Be On the Lookout For Money Laundering in Casinos

The United States government is reportedly asking casino operators to watch out for illegal money moving through their sites, as illegal sports operations attempt to launder their funds.

The US Treasury Anti-Money Laundering Unit claims that billions of dollars in illegal sports betting money is being put through land casinos to wipe the tracks of illegal activity. The department is asking casinos to watch out for telltale signs of money laundering, including large wagers.

Money laundering is nothing new to land casinos in the United States, as the Las Vegas Sands Corporation had to pay out a huge $47 million settlement to handle a money laundering criminal charge by the federal government. Caesars Entertainment has also faced similar allegations.

It will be interesting to see how casinos will handle this type of illicit activities moving forward as the new year approaches.

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