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Podcast: Compliance Clarified – a podcast by Thomson Reuters Regulatory Intelligence
Episode: Season 6, Episode 4: Criminal gangs target sports to launder money, ill-gotten gains
Description: Financial crime teams are being urged to pay greater attention to illicit transactions linked to money laundering, illegal betting and corruption. The problem is particularly endemic in the Asia-Pacific region, where gambling is a major way of life. Banks, casinos and other reporting entities are largely oblivious to the extent that organised crime groups have infiltrated the sector, according to sports integrity officials. Some estimates suggest that around a quarter of professional sports has been linked to organised crime. In this episode of Compliance Clarified, Nathan Lynch, Asia managing editor, joins Alexander Robson, editor-in-chief in London...