Which are red-flag indicators of possible money laundering through online gambling? (Choose two.)

Question

Options

• AThe player is identified as a Politically Exposed Person (PEP).
• BThe player opens several accounts under the same name using different IP addresses.
• CThe customer uses their credit card to fund an online gambling account.
• DThe player deposits small amounts of funds into their online gambling account.
• EThe customer logs on to the account from multiple countries.

• A
  15% (6)
• B
  73% (30)
• C
  7% (3)
• D
  5% (2)

Explanation

According to the research report by the Council of Europe, one of the typologies of money laundering through online gambling is the use of multiple accounts and identities to conceal the source and destination of funds. This can be done by opening several accounts under the same name using different IP addresses, or by using false or stolen identification documents to create multiple accounts. Another typology is the use of online gambling platforms that are not regulated or authorized by the jurisdiction where the customer is located, or that do not require know-your- client information from users. This can allow money launderers to access the online gambling services from multiple countries, without being subject to any verification or monitoring by the

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