Conference Focuses on Crime in Online Casino Industry11 May 2006 Still smarting from the U.S. government’s refusal to comply with a WTO ruling, the Caribbean nation of Antigua and Barbuda is preparing to host a special conference on the subject of crime in the online casinos industry. Money laundering and other forms of criminal activity associated with online casinos will be the focus of a special conference and a record number of gambling operators are expected to attend. Workshops will include discussions on how to combat money laundering and related criminal activity in the online casinos world.
The Director of Gaming in Antigua’s Financial Services Regulatory Commission believes that the conference will encourage healthy debate in the online casinos industry and will provide a forum to review new international standards for regulating gaming sites. The event will also target the potential vulnerabilities and risks associated with running online casinos. The event’s main sponsor is the International Monetary Fund (IMF) which will actively participate in the week-long program alongside representatives from online casinos.
Antigua is still investigating the feasibility of imposing sanctions on the U.S. after it failed to comply with a WTO deadline seeking clarification on its online casinos policy. The deadline followed a case brought to the WTO by the Caribbean nation, claiming that the U.S. government’s anti-gambling policy discriminates against offshore online casinos. However, the deadline for U.S. compliance passed on April 3 with no action forthcoming.
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