Which suspicious activity may be the strongest indicator of money laundering through a casino?

Question

Options

• AA privately held company originates fund transfers through the casino into the betting accounts of
• BA patron routinely places multiple bets on the same sporting events.
• CA patron purchases a large amount of chips at a blackjack table using cash.
• DA patron requests the casino to transfer their winnings to another gambling operator.

• A
  70% (16)
• B
  9% (2)
• C
  4% (1)
• D
  17% (4)

Explanation

Casinos and gambling institutions are highly vulnerable to money laundering because they allow the conversion of cash into chips, checks, or electronic credits, which can later be redeemed as Option A (Correct): A privately held company funding multiple patrons' betting accounts is highly suspicious and may indicate: Structuring/smurfing, where multiple individuals are used to move illicit funds. Third-party money laundering, where the real source of funds is obscured. Trade-based money laundering, if linked to non-gaming businesses.

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