The Story of Online Poker Money Laundering

USA Today – A banker who stood up against an online gambling operation was the star of an anti-money-laundering conference in Las Vegas on Monday. Compliance officer Cathy Scharf told an auditorium full of aghast colleagues about her experiences at a Utah bank that illegally processed at least $200 million for the offshore gambling sites PokerStars and Full Tilt Poker. She said her bosses told her the bank would fail without the illegal income and brought in criminal lawyers to threaten her with arrest if she told on them. Scharf ultimately worked with federal regulators to expose SunFirst Bank’s partnership…