Posted Thursday 28th February 2008 14:58 GMT
Which all sounds like a Valuable Service Generating Cash Flow ....... a little something the Banks are Failing at. And all it took was a Beta Imagination.
I wonder where you can Buy IT? Or is IT Sold?
Posted Thursday 28th February 2008 14:58 GMT
Online gambling sites are a horrible way to launder money - the sites take a rake plus have sophisticated logging and anti-fraud tools, so it's expensive and there's a risk of having your entire deposit confiscated for good.
Posted Thursday 28th February 2008 22:06 GMT
Money laundering costs money no matter what way they do it.
One of the key signs front line staff are taught to look for in money launderers is a willingness to have lots of expensive transactions (layering). Money launderers are often believed to settle for 50% "clean" money as opposed to 100% unusable "dirty" money.
Can't comment on the logging and anti-fraud tools used by the sites, but as a step in a complicated layering project I don't think they would worry too much. After all, the banks have logging and anti-fraud measures galore but they are heavily (albeit unwillingly) involved in a lot of money laundering.
Posted Friday 29th February 2008 10:04 GMT
"After all, the banks have logging and anti-fraud measures galore but they are heavily (albeit unwillingly) involved in a lot of money laundering." ..... By Barry
Posted Thursday 28th February 2008 17:46 GMT
Barry,
Banks know that they are involved in all money laundering. Albeit unwillingly but not unwittingly and it may very well be accepted that it is necessary/absolutely vital for stability.
And if that be the case, then they could probably tailor their services better to help/mainstream/edutain customers/shareholders/note holders ...... or do they just tend to ignore or prefer to be perceived to ignore its Revenue Streams/Sources.
Posted Friday 29th February 2008 18:51 GMT
Might as well be banned. Can't trust the game, can't trust the bank.
Posted Friday 7th March 2008 19:56 GMT
Well to me gambling IS throwing your money at some nameless phisher ( casino) anyway.. So the difference is the money leaves the country earlier LOL
Oh don't tell me the odds in a Casino are in favour of the gambler - my mistake!
Casino = phish pharm = no difference
Posted Monday 10th March 2008 10:00 GMT
Just use one of the "Bot clients (that) are programmed to win..."
AC 'cos it's Monday and I can't be @rsed
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