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Antigua to Host Online Casino Conference

Money laundering and other forms of criminal activity associated with the online casino industry are the focus of a special conference this week in Antigua and Barbuda. The Caribbean nation is hosting a regional gathering of online casino operators to discuss techniques and strategies for combating money laundering and related criminal activity in the online casino industry.

Kay McDonald, Director of Gaming in Antigua’s Financial Services Regulatory Commission, has stated that the event will encourage healthy participation from online casino operators and will provide a forum to review new international standards for regulating online casino sites. The event will also target the potential vulnerabilities and risks associated with the online casino industry, and will focus on how to confront money laundering activity and organized crime.

The online casino event has gained the support of such recognized organizations such as the Office of National Drug and Money Laundering Control Policy and the Financial Sector Reform and Strengthening Initiative. The event’s main sponsor is the International Monetary Fund (IMF) which will actively participate in the week-long program alongside participating online casino operators.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.