Online Poker Report – One of the points Sheldon Adelson and his cohorts have been trying to drive home any chance they get is how online gambling sites can be used to launder money by everyone from drug cartels to terrorists.
But is this really the case? And perhaps an even better question to ask is, does regulation increase or decrease the ability of shady characters to launder money online?
It’s not that the reports Sheldon Adelson and the Coalition to Stop Internet Gambling are citing are false. It’s the way in which Adelson and company are presenting these findings that cause them to fall somewhere between misleading and dishonest.
This deceptive information is proliferated by quoting passages out of context or by adding language and implying things that the FBI report from 2013 and the recent McAfee report simply do not say – even the author of the McAfee paper has said the findings are being misrepresented.
Yes, the Internet provides a certain amount of anonymity, but not from the online poker sites and regulators. In a regulated market they have to provide accurate and provable details.
To register an account in a regulated market you’ll need to prove your real identity which includes surrendering your Social Security number, along with name, date of birth and address.
