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German Casinos Win Praise for AML Programs, Online Platforms Draw Suspicion

By Gabriel Vedrenne

Government supervision of mainstream gaming centers in Germany identified few anti-money laundering flaws last year, but illegal online betting platforms, which comprise nearly 20 percent of the country's €13 billion gambling market, remain a serious vulnerability. Germany's financial intelligence unit, or FIU, unveiled the mostly positive results of an extensive campaign to verify compliance with AML rules by casinos, lotteries and other gambling operations Tuesday, finding that 90 percent of those examined last year "essentially fulfilled their obligations ... with only minor deficiencies being identified." Under the FIU's guidance, state supervisors found the vast majority of the gaming centers they...

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