Is Gambling Generally An Illicit Activity?

[Suzume]

Gambling is an illegal work or profession in our nation. It's banned in our nation because of gabbling there is possibility to lost his amount of money and there is a londaring money from our country. Few months ago or the period share I don't remember accurately but there is a legal gambling shop in our country its banded because of the illegal work. They have proper licence for gambling but they didn't follow the rules which mention in the agreement. That's the reason government force to banned the caseno. The owner of the casino lounder a huge amount of money from Bangladesh. After that the government close the casino and full feel banned in our country.

Beside you can see America Australia exit country has officially launch casino etc for gambling. Gambling is not illegal game in this type of countries the government of the countries are officially announced gambling is a game which is legal in our country. The ban of gambling is depend on a nation where you live.

[piebeyb]

Beside you can see America Australia exit country has officially launch casino etc for gambling. Gambling is not illegal game in this type of countries the government of the countries are officially announced gambling is a game which is legal in our country. The ban of gambling is depend on a nation where you live.

As we know, each person has different views regarding gambling as a prohibited activity because I know that not everyone considers it a prohibited activity, especially in countries where it is legal, gambling which is considered a prohibited activity may be in countries which really consider gambling to be illegal so it will continue to be mark it as a prohibited activity and everyone concerned will be subject to criminal penalties.

Talking about why gambling can be called a prohibited activity because they could be a place for money laundering if it is not strictly protected by law so that some gambling sites can violate existing laws and also comply with the law, but there are also those who do not consider it a place for money laundering and there are also those who think it is just a game entertainment activity for fun so everything seems legal.

[ryzaadit]

Well, the reality.

Gambling is the easy way to laundry money, If you see various information. The money flow from gambling, sometimes are not being quistioned that's why people who want to laundry money sometimes choosing (CASINO) business.

As the user, to prevent these casino make us 1x wagering for each deposit.

[Kakmakr]

You have to understand how money laundering work, before you can understand why people use gambling to launder money. So, the idea behind money laundering are to legitimize dirty money and to bring it into the legal Banking system, so that it can be used.

So, you mix the dirty money that are derived from criminal activities, with "clean" money that are received from real or fake businesses ...so that it can be seen as "clean" money by the Fiat financial system. These criminals will use gambling operations to do this and they will even operate unregulated casinos to launder their dirty money.

So not all gambling operations are unregulated and most of them are regulated and they require KYC verification and implement complex software to detect money laundering activities. 

[letteredhub]

 Hi guys, coming through with a rather odd question this morning.

So, i was looking up on Wikipedia the meaning of Money Laundering , and below is a quote of how the site defined the term "Money Laundering"

Money laundering is the process of illegally concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdictions with varying definitions. It is usually a key operation of organized crime.

So, after i saw that Gambling was mentioned or listed among the listed illicit activities through which money can or could be laundered, I can't help but wonder if gambling is actually an illicit activity.

Wikipedia did not mention gambling being an illicit activity in their definition of gambling here, why then did they mention gambling as one of illicit activity through which money laundering can be carried out?

Please check this out and share your thoughts.

Gambling is found in that definitional context of money laundering because it's illegality is based on jurisdictional laws. In some societies mostly those of the Arabs the law frowns against gamble making it an illegal activity for people to engage in and if caught or any money found with you gotten from gambling could be referred as illicit money more like money laundering because you're concealing the source of the money. But this doesn't apply in places like Las Vegas or Australia where gambling is viewed and accepted almost by all as a recreational activity that comes with reward. So it's for places like this that op you couldn't find anywhere where Wikipedia made mention of gambling as an illicit active directly defined.

[Outhue]

That is why gambling sites want their players to wager first before they can get out. It's because of this kind of activity that some people would like to wash their money through them and just get out with the same money as they deposited. I think that's the term for it "washed money". They need to clean it up especially if those bills are marked or should've been listed somewhere else.
There's a movie about this "Den of Thieves" where the money they will try to steal are those that will be shredded and so it is clean money. It's not about gambling but it's a good explanation of why people are trying to wash their money and the evil ones trying to get the cash that is already in circulation in exchange for their unclean ones.
Gambling is illegal if not registered in one country because there's no way they can regulate it and if cash is flowing there without the government tracking it then they might arrest innocent people who will be holding those illegal money without knowledge about it.

Nice write up legend, I believe this point is all about casinos that have locations, there is no form of clean cash or dirty money when you are running or using a online casino, correct me if I am wrong?

Been fairly and safely treated is one of the reasons why online casinos must be regulated and also all online casinos must be compliant with the laws of their operation jurisdiction and they must also engage in ethical practices.

This is why I don't have trust in online casinos that aren't regulated and one of the ways I sometimes suspect a casino is when they don't ask for KYC at all, it's hard for the law to stop rouge online casinos but as the customers we also need to remember how important it is to use a regulated casino instead, it's for our own safety.

A rouge online casino is more likely to be involved in illegal activities more than those online casinos that are regulated.

[michellee]

 Hi guys, coming through with a rather odd question this morning.

So, i was looking up on Wikipedia the meaning of Money Laundering , and below is a quote of how the site defined the term "Money Laundering"

Money laundering is the process of illegally concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdictions with varying definitions. It is usually a key operation of organized crime.

So, after i saw that Gambling was mentioned or listed among the listed illicit activities through which money can or could be laundered, I can't help but wonder if gambling is actually an illicit activity.

Wikipedia did not mention gambling being an illicit activity in their definition of gambling here, why then did they mention gambling as one of illicit activity through which money laundering can be carried out?

Please check this out and share your thoughts.

Gambling is found in that definitional context of money laundering because it's illegality is based on jurisdictional laws. In some societies mostly those of the Arabs the law frowns against gamble making it an illegal activity for people to engage in and if caught or any money found with you gotten from gambling could be referred as illicit money more like money laundering because you're concealing the source of the money. But this doesn't apply in places like Las Vegas or Australia where gambling is viewed and accepted almost by all as a recreational activity that comes with reward. So it's for places like this that op you couldn't find anywhere where Wikipedia made mention of gambling as an illicit active directly defined.

In some countries, gambling can be interpreted as a illicit activity by the people so that people who gamble can be punished according to the penalties in that country. But that doesn't make gambling a prohibited activity in other countries because if the country accepts gambling as entertainment, people can gamble whenever they want.

But indeed, gambling can be a place to launder money like in other places. Especially if someone uses crypto to bet, they can buy crypto in many places, use it to gamble and when they win, they withdraw the money. The government will not know about this unless the government can work together with all parties to monitor suspect accounts.

So it depends on the position of the country. How the country considers gambling and if the country allows its people to gamble, that means gambling is not an illicit activity.

[len01]

-snip

maybe there will be some of the same opinions but after reading from the site I understand that the reason the site says gambling is one of the prohibited activities depends on the particular country. for example, a country prohibits gambling businesses or any gambling activities that have been stipulated in the laws of that country. so the opinions written on the site do not cover the entire country but for certain countries where gambling is prohibited.
for me gambling is just an entertainment activity in certain states that allow gambling businesses and gambling activities so there is a misunderstanding in the writing of the site because it does not explain in detail.

and if someone gambles using money resulting from corruption, this does not mean that gambling is prohibited activity, it just means that gambling is victim of money laundering.

[letteredhub]

 Hi guys, coming through with a rather odd question this morning.

So, i was looking up on Wikipedia the meaning of Money Laundering , and below is a quote of how the site defined the term "Money Laundering"

Money laundering is the process of illegally concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdictions with varying definitions. It is usually a key operation of organized crime.

So, after i saw that Gambling was mentioned or listed among the listed illicit activities through which money can or could be laundered, I can't help but wonder if gambling is actually an illicit activity.

Wikipedia did not mention gambling being an illicit activity in their definition of gambling here, why then did they mention gambling as one of illicit activity through which money laundering can be carried out?

Please check this out and share your thoughts.

Gambling is found in that definitional context of money laundering because it's illegality is based on jurisdictional laws. In some societies mostly those of the Arabs the law frowns against gamble making it an illegal activity for people to engage in and if caught or any money found with you gotten from gambling could be referred as illicit money more like money laundering because you're concealing the source of the money. But this doesn't apply in places like Las Vegas or Australia where gambling is viewed and accepted almost by all as a recreational activity that comes with reward. So it's for places like this that op you couldn't find anywhere where Wikipedia made mention of gambling as an illicit active directly defined.

In some countries, gambling can be interpreted as a illicit activity by the people so that people who gamble can be punished according to the penalties in that country. But that doesn't make gambling a prohibited activity in other countries because if the country accepts gambling as entertainment, people can gamble whenever they want.
 

what I can say about people living in those countries that gambling is prohibited by the law as illegal they should as well avoid gambling while they're still there, they can always gamble when they get to another state or country where gambling is allowed to exist. I understand it won't be that easy to avoid particularly for an activity you feel entertained with but as to stay away from trouble.

But indeed, gambling can be a place to launder money like in other places. Especially if someone uses crypto to bet, they can buy crypto in many places, use it to gamble and when they win, they withdraw the money. The government will not know about this unless the government can work together with all parties to monitor suspect accounts.

So it depends on the position of the country. How the country considers gambling and if the country allows its people to gamble, that means gambling is not an illicit activity.

Recently, online gambling has now turned to a route through which drug barons, traffickers, corrupt politicians etc conceal and launder money to hide from being caught it is for this argumentation that governments of some countries place a ban on gambling within their jurisdiction. However, for the revenue the gambling generates to government some countries decides to regulate and monitor it's activities and operation while they pay tax to government.

[Odohu]

Casinos and gambling are also legalized in predominantly Muslim countries, but gambling has been outlawed by parliament in most Muslim countries. There is no problem here the problem is day by day the young generation is becoming addicted to casino and gambling and there is massive moral degradation.

There is no problem with gambling in my country from the legal standpoint. However, many parents and a good percentage of the society sees gamblers as unserious people who have no plans for their future. The attitude of some gamblers actually support this claim but a lot of responsible gamblers are springing up every now and then and thanks to social media that made it possible for people to know that a lot of celebrities and big names also participate in gambling.

Apart from the human degeneration of the youth, heinous crimes like theft, robbery, murder and rape are being organized.

On the contrary, gambling actually reduces these problems in my country.  The most vital ingredient in life is hope... that is exactly what gambling does. Youths now have hope that they can actually win life changing amount hence, they don't see the need joining gang of thieves when they actually have hope of a better life.

[Strongkored]

Please check this out and share your thoughts.

It could be that the authors of the definitions of money laundering and gambling are different people so there is a difference where in money laundering gambling is considered of An Illicit activity whereas the definition of gambling does not mention this, and in fact, we cannot 100% consider what is displayed on Wikipedia as the definition or reference is correct and it is necessary to read other references, although many authors on Wikipedia use references that are quite accurate.
However, gambling is indeed An Illicit activity in many countries, some directly prohibit their citizens from carrying out this activity, but there are also those who only try to limit it by making laws about gambling, and in fact, gambling has been around for a long time and any country will find it difficult to completely eradicate this activity full and sometimes the state takes advantage of this activity by collecting taxes.

[rachael9385]

In my country gambling is not an illegal activity, I can tell that the gambling industries are doing well and most of the gambling industries are been owned by the government but it is not openly known to some persons.
The only thing that the government is against is an illegal gambling activity or if found in a very bad place and gamble then the otherwise.

[wallet4bitcoin]

I don't consider gambling an illicit acctivity but at customary levels, it might be, owing to an experience that might have had a bad implication to the gambler's immediate environment prompting the rurals to take some disciplinary measure and also a proactive measure to keep such events from further occurences.

Asides this consideration, once its done responsibly, it shouldn't be seen as an illicit engagement.

[michellee]

what I can say about people living in those countries that gambling is prohibited by the law as illegal they should as well avoid gambling while they're still there, they can always gamble when they get to another state or country where gambling is allowed to exist. I understand it won't be that easy to avoid particularly for an activity you feel entertained with but as to stay away from trouble.

But even so, there are still those in countries where gambling is prohibited who force themselves to gamble and use many methods to keep gambling. These people seem to have experienced the pleasures of gambling so when they see gambling was banned in their country, they lost something. They will try to gamble again so they can feel the pleasure.

But it's better if they don't try to gamble if the state prohibits it. It will keep them out of trouble, especially when there are checks from the government. So whether gambling is an illicit activity or not depends on the country.

Recently, online gambling has now turned to a route through which drug barons, traffickers, corrupt politicians etc conceal and launder money to hide from being caught it is for this argumentation that governments of some countries place a ban on gambling within their jurisdiction. However, for the revenue the gambling generates to government some countries decides to regulate and monitor it's activities and operation while they pay tax to government.

In the end, the state needs taxes from the gambling industry even though they know there are illegal activities carried out in the gambling industry. And money launderers can continue to use gambling as a place to launder money. And even though they have to pay the taxes, that's nothing for the money launderers. After all, they have a lot of money.

[wiss19]

If it is in an area where gambling operations are prohibited, such as in Muslim countries, perhaps the money obtained from gambling can be said to be money resulting from illicit activity. However, if it comes from a place that allows casino operations, it cannot be said to be money from illicit activity, because the regulations clearly allow gambling activities in that area. So depending on the location, gambling can be said to be an illicit activity or not.

No, you can't even start playing if you are from those countries or if that is your religion. The profits you are talkin about there might come if we are playing on an illegal casino. In the other hand, if we are a launderer, we can mix the money in a legal casino for it to be called as a clean money.

Regulatory bodies can allow a gambling company if they are fit on their standards. If not, not. But sometimes those operators are hard-headed and still operate their casino making them tagged as illegal. We shouldn't support them even though they offer some games which are not found in a legal casino because they are risky and we might also get involved in trouble.

[swogerino]

That depends only on the constitution of different countries,in dictatorships you will see that almost everything is forbidden including gambling while in Western democracies is like it should be,everything should be available and legally regulated and then it depends only on the individuals if they want to do it or not,simple choice.

As for money laundering sure it can be used to do just that but there are a whole lot more better alternatives to money laundering than gambling,gambling is risky and you are not in control of your money in theory at least as the casino manages your balance,for any reason may be problems,where I live they say there is no better way to money laundering than real estate and construction.

[angrybirdy]

In my country gambling is not an illegal activity, I can tell that the gambling industries are doing well and most of the gambling industries are been owned by the government but it is not openly known to some persons.
The only thing that the government is against is an illegal gambling activity or if found in a very bad place and gamble then the otherwise.

Same in our country, Gambling is not considered as an illegal activity however there are some casino companies that are illegal, they are the ones who don't pay the proper taxes and illegal activities such as human trafficking, selling drugs and prostitution are involved not just the gambling itself... Gambling could be seen as morally acceptable if it helps us to develop positive character traits such as self control and discipline. Those People who see gambling as an illicit activity are the one who always look on it's disadvantages. Even the bible doesn't called gambling as a sin

[Fivestar4everMVP]

In my country gambling is not an illegal activity, I can tell that the gambling industries are doing well and most of the gambling industries are been owned by the government but it is not openly known to some persons.
The only thing that the government is against is an illegal gambling activity or if found in a very bad place and gamble then the otherwise.

Same in our country, Gambling is not considered as an illegal activity however there are some casino companies that are illegal, they are the ones who don't pay the proper taxes and illegal activities such as human trafficking, selling drugs and prostitution are involved not just the gambling itself... Gambling could be seen as morally acceptable if it helps us to develop positive character traits such as self control and discipline. Those People who see gambling as an illicit activity are the one who always look on it's disadvantages. Even the bible doesn't called gambling as a sin

The bible like you said did not explicitly call gambling a sin, and it also did not say gambling is not a sin, personally, i feel that gambling can turn out to be sinful or not sinful, it all depends on how the supposed gambler conduct his or her gambling activities, and the Behavorial pattern or path the gambler choose to follow or tour.

Gambling also is not illegal in my country, i mean, even in some religion that consider gambling to be a sin, like the Muslims, i personally still come across several believers of this religion who gamble, and  coming across that Wikipedia page listing gambling as one of the illicit ways through which money can be laundered got me really confused, as to whether what i and billions of other people have been doing for several years is actually illicit, inappropriate, and, the government does nothing about it? so it all means that that Wikipedia page is actually misleading, gambling should have never be listed among those illicit stuffs they mentioned there.

[letteredhub]

what I can say about people living in those countries that gambling is prohibited by the law as illegal they should as well avoid gambling while they're still there, they can always gamble when they get to another state or country where gambling is allowed to exist. I understand it won't be that easy to avoid particularly for an activity you feel entertained with but as to stay away from trouble.

But even so, there are still those in countries where gambling is prohibited who force themselves to gamble and use many methods to keep gambling. These people seem to have experienced the pleasures of gambling so when they see gambling was banned in their country, they lost something. They will try to gamble again so they can feel the pleasure.

But it's better if they don't try to gamble if the state prohibits it. It will keep them out of trouble, especially when there are checks from the government. So whether gambling is an illicit activity or not depends on the country.

hmm there are stubborn people who will always want to outsmart the laws that not in their favour of which I am no support of rule breaking but if they deem fit that it's worth to risk it by gambling still despite the laws in place and are able to conceal it through any method, no problem. Nevertheless, the law has its way of catching up with those persons that thinks they are too smart.

Recently, online gambling has now turned to a route through which drug barons, traffickers, corrupt politicians etc conceal and launder money to hide from being caught it is for this argumentation that governments of some countries place a ban on gambling within their jurisdiction. However, for the revenue the gambling generates to government some countries decides to regulate and monitor it's activities and operation while they pay tax to government.

In the end, the state needs taxes from the gambling industry even though they know there are illegal activities carried out in the gambling industry. And money launderers can continue to use gambling as a place to launder money. And even though they have to pay the taxes, that's nothing for the money launderers. After all, they have a lot of money.

There are states that heavily depends  on gambling taxes to meet up with its annual budgets so even with the laundering racketeering happening within the gambling industry which   they are in tone with they (government) are left with no choice but to let the gambling companies exist and operate because a ban on gambling activities would mean a stop to their taxes they get.

[salad daging]

Some countries still call gambling a prohibited activity, especially in countries with the majority of seasons. This is not strange because there will be pros and cons from each of their points of view, it would be easy to say that gambling often involves money laundering. Maybe you have seen the terms and conditions at the casino there is always writing on the prohibition of money laundering etc.

This is not entirely true. There are still other activities that some people use to launder money without having to gamble, maybe they often see how bad things are in gambling which is considered to be a lot of the action there.

If legitimate casinos are unlikely to allow this illicit money laundering, it is clear that any fraudulent activity is prohibited.