Paris: The Financial Action Task Force (FATF) is alerting countries of how to spot abuse of the gaming and gambling sectors, including criminals using gambling platforms to move money without actually gambling, making multiple small transactions ("smurfing") to avoid detection and unusually large or co-ordinated bets on events flagged for possible competition manipulation.
The analysis by the FATF has identified new opportunities for criminal abuse in the gaming and gambling sectors, following an increase in market size globally, a rise in the use of online platforms, and as payment methods allow rapid, anonymous transactions across borders.
