Is the Online Gaming Industry an AML Nightmare?

As financial crime and money laundering strategies become more sophisticated so should AML practices, especially within the online gaming industry.

AloGatewayis a Global payment processing service and solutions provider able to cater to a multitude of clients ranging from small family-owned businesses to large corporations.

With over $60 billion in purchases in 2020 alone and over 3 billion active global players, the online video game industry is booming, and with it new forms of money laundering sprout as well.

These unregulated channels are enticing to fraudsters as they can quickly adapt to the inefficiencies in both local and international organizations.

Online Gaming and P2P Transfers – An AML Blindspot?

Micro-transactions seem to be everywhere in gaming as many games set them as one of the main pillars of their business model.

In essence, microtransactions describe player purchases of in-game items with real money.