The last stage of the integration includes the withdrawal from the legitimate account to be used for whatever purpose the criminal has in mind for it. This stage is more about the documentation and “official” confirmation of the fact that the money was allegedly earned legally. The next step is to conceal the source of money by launching several transactions and bookkeeping tricks.
Therefore, the tax office does not even suspect that this money is earned in another way. For instance, money that came from drug trafficking is registered as income from the fake hotel business. The first stage includes the process of injecting illegally earned money into the legitimate financial system. In general, the money laundering process consists of three stages. The reason why people come to such a crime is illegal or unregulated businesses like drug trafficking, corruption, gambling, etc. Simply put, money laundering is the process of hiding the real source of income to avoid tax service intervention. GBC Time has collected the most interesting facts about the illegal side of gambling and highlighted the most popular cases in global gambling history. Annually, regulatory establishments worldwide launch more and more various ways to fight such an illegal process as money laundering.
Money in any area requires strict regulation, and gambling is no exception.
