Introduction
The gambling industry is often a target for financial crime, including money laundering. With the rise of online and land-based casinos in Greece, authorities have implemented strict measures to combat illicit financial activities. Licensed operators, such as Betriot, adhere to anti-money laundering (AML) protocols, ensuring compliance with both Greek and EU regulations. But how do Greek casinos detect, prevent, and report suspicious transactions? Let’s explore the mechanisms behind these efforts.
Understanding Money Laundering in Casinos
What is Money Laundering?
Money laundering is the process of disguising illegally obtained funds as legitimate income. Criminals use casinos to “clean” dirty money by purchasing chips, gambling, and then cashing out winnings, making it appear as legally obtained funds.
