The Money Laundering Authority, headed by the honorary deputy prosecutor of the Supreme Court Charalambos Vourliotis, prevents money laundering through betting companies.
Specifically, after an investigation, the Independent Authority identified approximately 200 individuals who, under the guise of legality, were wagering sums of money amounting to as much as 1 million euros through about 10 companies.
Among them are senior civil servants who cannot account for the money they bet on games of chance from their legitimate income. The funds were of unknown origin: initially deposited into gambling accounts, then transferred to personal bank accounts. The Independent Authority tracked down these individuals by comparing their tax returns with the large sums they were gambling.
