Thursday April 9, 2020

Bookies may have to ID big betters in money-laundering clampdown

Around 97 per cent of €2.7 billion-worth of bets in bookmakers’ offices are in cash

Michael Brennan

Political Editor

@obraonain
20th November, 2016

Bookmakers could be forced to seek ID from people who place large bets.

Gardaí say bookies’ offices are vulnerable to being exploited by money launderers, particularly given that suspected criminals are known to use them.

Around 97 per cent of €2.7 billion-worth of bets in bookmakers’ offices are in cash and no customer ID is required.

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