{"id":11515,"date":"2021-11-25T05:00:29","date_gmt":"2021-11-25T11:00:29","guid":{"rendered":"https:\/\/www.casino.org\/blog\/?p=11515"},"modified":"2021-11-26T05:15:18","modified_gmt":"2021-11-26T11:15:18","slug":"how-money-laundering-really-works","status":"publish","type":"post","link":"https:\/\/www.casino.org\/blog\/how-money-laundering-really-works\/","title":{"rendered":"How Money Laundering Really Works & Why It’s A Problem In The Gambling Industry"},"content":{"rendered":"\n
Money laundering is a very\nserious criminal activity and is much more prevalent than you might think.<\/p>\n\n\n\n
Simply put: Money\nlaundering is the act of taking illegally-obtained money and making it look\nlike it was earned legally instead.<\/p>\n\n\n\n
Criminals \u2018clean\u2019 their\nmoney through certain kinds of transactions, investments in assets, and other\nmoves that hide the original source of the funds.<\/p>\n\n\n\n
The end result is money\nthat \u2018looks\u2019 legal and is able to be used without raising any suspicion.<\/p>\n\n\n\n
The term allegedly came\nfrom notorious mobster Al Capone, who liked to hide his illegal profits as\nlegitimate income in the many laundromats he owned.<\/p>\n\n\n\n