EU wants to tackle money laundering on gaming sites

BRUSSELS (Reuters) – The European Union may try to counter money laundering through online betting sites by extending legislation beyond casinos to include Internet gambling. The executive European Commission formally proposed on Tuesday to include online gaming in EU-wide legislation that seeks to combat fraud. It could become law within two years if approved by the EU’s 27 member countries. The Commission said by currently only monitoring casinos, “other areas of gambling (are) vulnerable to misuse by criminals”. …

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