About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

13 UNLV Gaming L.J. 21 (2022-2023)
Online Gaming: A Good Bet for Money Laundering? An Analysis of Money Laundering in the Canadian Online Gaming Industry

handle is hein.journals/unlvgalj13 and id is 40 raw text is: ONLINE GAMING: A GOOD BET FOR MONEY LAUNDERING? AN ANALYSIS OF MONEY LAUNDERING IN THE CANADIAN ONLINE GAMING INDUSTRY Robin Ketcheson* I. INTRODUCTION Governments, policy makers, and administrative bodies have long been attentive to the high-risk of money laundering' in land-based gaming facilities.2 Online gaming, though, is still an emerging area and has not yet been subject to the same attention. Taken together, the emerging nature and rapid progression of online gaming leads to ambiguity concerning the risks of money laundering, the effectiveness of current legal regimes, and the need for revision of these regimes. The aim of this article is to provide some clarity within this environment of ambiguity. The article proceeds as follows: Part I sets out a synopsis of the current legal landscapes of both online gaming and money laundering. It also considers the legislative convergence between gaming and anti-money laundering (AML) laws. Part II discusses the recent expansion of online gaming in Canada. Part II(A) analyzes the growth of legal online gaming, and Part II(B) discusses the growth of illegal offshore online gaming. Part III then explicates * Robin Ketcheson is a third-year Juris Doctor candidate at the Queen's University Faculty of Law in Kingston, Ontario Canada. This paper would not have been possible without the support of the late Professor Arthur Cockfield. Professor Cockfield's support in revising earlier drafts of this paper was invaluable. His mentorship, wisdom, and kind heart will never be forgotten. 1 Money laundering is the process of converting or transferring funds or other assets generated from illegal activity in order to conceal their illegal origins. See generally MARGARET E BEARE & STEPHEN SCHNEIDER, MONEY LAUNDERING IN CANADA: CHASING DIRTY AND DANGEROUS DOLLARS ix-xv (Univ. of Toronto Press 2007). 2 See generally Risk Assessment Guidance, GOV'T OF CAN. (Jan. 4, 2021), https://www.fintrac-canafe.gc. ca/guidance-directives/compliance- conformite/rba/rba-eng; PETER M. GERMAN, DIRTY MONEY: AN INDEPENDENT REVIEW OF MONEY LAUNDERING IN LOWER MAINLAND CASINOS CONDUCTED FOR THE ATTORNEY GENERAL OF BRITISH COLUMBIA 27 (2018); Assessment of Inherent Risks of Money Laundering and Terrorist Financing in Canada, GOV'T OF CAN. (July 31, 2015), https://www.canada.ca/en/department- finance/services/publications/assessment-inherent-risks-money-laundering- terrorist-financing.html. 21

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most