How to Avoid Becoming a Victim of Money Laundering and Fraud With Online Gambling

Online gambling (also called Internet gambling) is basically any type of betting conducted via the web. This includes online casinos, poker games and even sports betting among many others. The most popular online casino game is poker, and there are literally hundreds of online poker game sites.

But as with everything else, online gambling can be safe as well as profitable if you know what you are doing. This article will focus on online gambling and how to go about it legally. The first part of this main article will give you a brief introduction into the world of online gambling.

In the second part of this article we will discuss some of the main problems associated with online gambling. The first problem that most people have related to security. Online gambling has some unique aspects that make it uniquely problematic, and this is in part due to the fact that all transactions are carried out via the web.

When you enter the address where you are placing a bet online you are essentially handing over your hard won money over to an unknown third party – and unfortunately this party can be anything from a computer hacker to a middle man. Thus, making it very important that you carry out proper credit card protection when you are betting or playing a lottery game online. It is best to carry out this protection using a credit card that is linked to you bank account; you should also keep the number that you are booking the tickets on with you at all times as well.

In addition to this, another important issue with online gambling is the possibility of identity theft. This is where a computer hacker gets hold of your details and then uses them for something, usually by fooling you into entering your own credit card number. As such, it is highly recommended that you use an online gambling service that is licensed by a major UK gambling regulator. As such, the site will be regulated by the Gaming Commission, which acts as a body of prudence that regulates the online gambling industry in the UK.

However, as with all areas of life there are plenty of scam online gambling sites out there. You must therefore exercise extreme caution when you choose a site to gamble. A good example of this is a site called Betfair. Despite being licensed by the UK government to operate, the company has been recently fined by the UK’s Serious Scientific Crime Agency (SSCA). The reason why this agency acted swiftly regarding this company and the fact that it was one of the only online gambling operators that was not licensed to trade with the public by any of the existing gambling bodies in the UK is because of the serious problems that it was allowing its customers to fall victim to – money laundering and identity theft. As such, the SSCA has closed the site down.

As with the online casinos, you will need to ensure that you do not play your bank cards online casino or poker. You should play these games using your credit card or debit card instead. Although they may seem a bit more fun than gambling on the slots or roulette at your local casino, these games carry a massive risk of online gambling fraud and money laundering, just as with any other type of online gambling.

On top of this, bear in mind that there are now hundreds of online gambling sites online. If you are looking to sign up with one, you should ensure that it is an accredited member of the Gambling Commission and the World Wide Web Group. This way you can be sure that they are following good practices with regards to their website security and that they are following the guidelines set out by the WPTU (Worldwide Convention of Online Wagering). This includes having updated anti-fraud software running on their systems and complying with all of the rules set out by the Gambling Commission. To find reputable and established online gambling sites, wagering trainer reviews can be very useful.