Security Agencies Seek to Read Criminals' Poker Face

Money laundering is an art used by arms dealers, drug dealers and other criminals. It takes “dirty money” (obtained through illegal means) and “cleans” it, making it appear to be legitimately earned. In the past, coin-operated businesses (like laundromats) were used. Now criminals have moved into cyberspace, using online gambling websites.

Security agencies such as the Federal Bureau of Investigation and Serious Organized Crime Agency are investigating more than 20 cases of possible money laundering via gambling websites in an effort to finance terrorism. The revelations demonstrate the gambling industry still remains vulnerable to exploitation despite the publicity in 2007 of the “godfather of cyber-terrorism for al-Qaida” and his accomplices, who used gambling sites to launder money received from stolen credit-card credentials.

One of the men was found to still be accessing gambling sites from prison and had a number of credit-card accounts.

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