UN: ILLEGAL SPORTS BETTING NEARS $1.7 TRILLION ANNUALLY

On 9 December, BNN Bloomberg reported that illegal betting on sports may approach $1.7 trillion annually and is often used by criminals to launder money, according to a report from the UN Office on Drugs and Crime.  It says that the increasing number and types of bets are complicating efforts by law enforcement to squash illegal wagering, as is a proliferation of rogue online operators using cryptocurrencies to disguise who is gambling.

https://www.bnnbloomberg.ca/illegal-sports-betting-nears-1-7-trillion-annually-u-n-says-1.1693602

https://www.unodc.org/res/safeguardingsport/grcs/section-9_html/SPORTS_CORRUPTION_2021_S9.pdf

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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