1 Casinos 1 Mr X Smurf C Smurf A Smurf B Smurf D Smurf E Other Layering Activity Copyright lessons Learned Ltd 2016 2 Casinos 2 Key facts Use in money laundering primarily for placement purposes ID: 588434
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Slide1
Copyright lessons Learned Ltd 2016
1
Casinos (1)
Mr X
Smurf C
Smurf A
Smurf B
Smurf D
Smurf E
Other
Layering
ActivitySlide2
Copyright lessons Learned Ltd 2016
2
Casinos (2)
Key facts
Use in money laundering: primarily for placement purposesPoint of placement: purchase of gambling chips, usually at physical casinos Online gambling also vulnerable
: online accounts as temporary repositories for fundsMoney launderers’ perspectiveCash environment in casinos – opportunity to introduce criminal cash without detectionLarge scale placement operations – extensive network of ‘smurfs’ all dealing in relatively small amountsSlide3
Copyright lessons Learned Ltd 2016
3
Casinos (3)
Possible ‘red flags’
Gambling patron unable or unwilling to produce identification or relevant personal informationGambling patron purchasing chips in values that appear inconsistent with what is known about them/with their gambling habitsLarge quantities of chips cashed in with instructions to forward value to an unconnected third party