As the world of online gambling continues to enjoy a boom in interest off the back of the COVID-19 pandemic, players across the world are flocking to casino sites.
Whilst great news for all involved in the business, this surge in new gamers has also led to an increase in suspicious activity during the pandemic. At least this is the case according to the UK Gambling Commission (UKGC), who say that instances of money laundering and other nefarious dealings around the igaming world have been on the rise.
Though the best online casinos are always safe to use, there are some with a less than reliable background.
In this article, we will take a look at how recent reports have pointed to an increase in suspicious activity around online gambling during the pandemic. We will consider the role of the UKGC before looking at what exactly their recent report discovered.
So, without further ado, let’s take a look at the recent news that the UK Gambling Commission reported an increase in suspicious activity during the pandemic.
What is the UKGC?
The UKGC sprung from the 2005 Gambling Act, a piece of legislation that changed the face of gambling in the UK across the board. Over forty years in creation, the act said that gambling laws in the UK should centre around the idea that sites can under no circumstances become a proxy for criminal activity. The act also stated that gambling must be fair and that online sites must protect children and vulnerable individuals. When this is not the case, the UKGC can penalise firms very heavily.
Now that we have found the creation of the UKGC to be rooted in the eradication of suspicious activity in the online gambling world, let’s take a closer look at the kind of things that have been going on during the pandemic.
What kind of suspicious activity has been happening?
So, now that we know the UKGC was borne out of a need to regulate and curb suspicious activity at online casino sites, we can look closer at what the authority means with this term.
Essentially, suspicious activity refers to anything seen to be illegal taking place through online gambling sites. Naturally, the most common of these is money laundering, with online casino sites having a long history of being used by large scale criminal enterprises to clean money gained from nasty businesses such as drug dealing, theft and even human trafficking.
However, suspicious activity can also refer to fraud or unfair games at online casino sites, with the importance of choosing verified, regulated online sites now more apparent than ever before.
Overall, the increase in suspicious activity during the pandemic is hardly surprising. With the ongoing growth of online casino sites, it is going to be more and more difficult for regulators to keep tabs on black market dealings. Be sure to steer clear of sites that are unregulated or that seem too good to be true – they often are!