Online Casino Myths Debunked

One of the biggest myths about online casinos is that the industry is susceptible to money laundering. However, there has yet to be a report or documentation of such illegal activity taking place in the online gambling market. The online aspect of the industry makes it difficult for money laundering to take place, according to government studies which state that the recording of all financial activities and identity verification processes are efficient crime preventers. Secondly, many skeptics believe that online gambling can encourage underage activity, but reports on online child protection state that internet adult industries have sophisticated identity verification systems. Although the internet is an anonymous place, online gambling operators and online banking institutions use advanced systems that must be used to verify the ages of any and all customers who wish to use their services. Underage individuals, therefore, cannot be granted access to online casinos or any other forms of adult entertainment. Any online casinos that are caught with underage customers are prosecuted based on the laws of their jurisdiction.The fact of the matter is that the online gambling industry is very highly regulated. In order for an online casino to gain reputability, it must pass investigations by a wide range of watchdog authorities and third-party auditors, not to mention the jurisdiction in which it is based also conducts in-depth examinations. Authorities in the online casino world strive to make their industry trustworthy and dependable, especially because of the skepticism online gambling was met with at the turn of the century.January 11, 2010

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