Gambling Platform Laundering
concept
Core idea
Deposits illicit funds into an online crypto casino, places minimal-risk bets, then withdraws the balance as ‘winnings’ to manufacture a clean source-of-funds narrative.
When to use
Deposit and withdrawal amounts nearly identical with minimal betting activity in between.
Example
Funds are deposited to a crypto casino, a handful of tiny bets are placed, then nearly the same amount is withdrawn and reported as gambling winnings.
Related
Last updated on