As we know that most gambling sites will require you to gamble and wager your whole balance once, before you can cash out or withdraw from the gambling site and they take this measure so people do not do money laundering whereby deposit and withdraw without gambling.
Now the point here is that on the gambling site, there are many easy winning bets with odds like 1.01x etc. If the money lauder is sensible he can easily be wagering the whole amount by placing a few bets where the odds are very low and the winning chances are 99%.
So does this mean that there is a loophole here and the money launderers can easily by pass this wagering requirement?
This is interesting- so they can circumvent the requirement of wagering your whole balance before you can cash out/withdraw their funds in the gambling website? Hmm, maybe gambling websites and ushers can provide or at least monitor the amount of money being transferred from one account to another vs the amount they betted.
Though this may be the case, I do think that this is a grey area that needs to be discussed. Money laundering is something that has been consistently done and people are looking for alternatives and ways to circumvent the law and continue it.