PokerStars

Asset Search News Roundup: January 22, 2012

By Fred Abrams on January 22, 2012

A principal of PokerStars pleads guilty and Nigerian advance fee frauds:

♦ The May 9, 2011 Asset Search News Roundup and Secreting Money Via Internet Gambling On The Isle Of Man, discussed criminal prosecutions against the principals of three internet gambling businesses. One of the principals, Ira Rubin of PokerStars, just entered a guilty…

By Fred Abrams on May 30, 2011

To combat the secretion of money via laundering, the Isle of Man developed its own anti-money laundering handbook. Just a few of the the Island’s anti-money laundering regulations are:

Agencies like the Isle of Man Constabulary Financial Crime Unit and the Financial Supervision Commission generally administer such regulations. Despite this comprehensive regulatory scheme, there is still cause for concern that Internet gambling on the Isle of Man especially creates a money laundering risk. The pending U.S. prosecution against the principals of PokerStars perhaps highlights this laundering vulnerability.Continue Reading Secreting Money Via Internet Gambling On The Isle Of Man

By Fred Abrams on May 9, 2011

Today’s “Asset Search News Roundup” is about politically exposed persons and a suspected laundering scheme.

“FAQ” webpage focuses on the legal tools for freezing illicit assets dictators or other politically exposed persons might hide in Switzerland. Via such tools, Swiss authorities recently froze $1 billion in assets believed to be connected to either Muhammad Hosni

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