Wash trading distorts NFT markets, inflating prices and misleading buyers. Criminals use NFTs for money laundering, hiding ...

AML fines within the gambling industry are likely ... funds disguised as gambling credits/chips. In the second stage (Layering), they move money through high-stakes bets to disguise its origin.

Having done a number of layering transactions ... one back into the economy by spending the now "clean" money. Since money laundering is connected with serious crime, the penalties are stiff ...