The global online gambling industry is a complex landscape, with various jurisdictions offering licensing frameworks of differing rigor and credibility. Among these, Anjouan Gaming has emerged as a licensing body, presenting itself as a legitimate regulator. However, a critical examination reveals significant concerns regarding its legitimacy and oversight, especially when compared to more established offshore regulators such as those in Curaçao and the Philippines.
Anjouan Gaming Authority: Claims vs. Reality
Anjouan Gaming, operated by Anjouan Licensing Services Inc., asserts on its website that it adheres to international standards for gaming regulation, aiming to ensure fair play and prevent financial crimes. However, the rapid licensing process—reportedly completed within 4 to 8 weeks—raises questions about the thoroughness of due diligence procedures.
Additionally, the licensing body’s promise of minimal tax burdens, including “no corporate tax” on gaming revenues, may attract operators seeking to minimize regulatory scrutiny.
However, there are some promotional articles available on the internet, which may provide a false picture of Anjouan Gaming. One article on Mondaq, writen by the Cyprus lawyer Demetris Achilleos, even goes so far to falsely label Anjouan Gaming as an authority by calling it Anjouan Gaming Authority (AGA). The promotional nature of the Mondaq article, which highlights the purported benefits of obtaining a gaming license from Anjouan, warrants critical scrutiny.
By framing Anjouan Gaming as a viable alternative to more established jurisdictions, the article fails to address the lack of international recognition, limited regulatory oversight, and potential legal challenges operators may face when targeting players in restricted jurisdictions.
Such unreflected promotion risks misleading prospective operators about the true implications of licensing in a jurisdiction with minimal accountability, ultimately undermining efforts to promote transparency and compliance in the global online gambling industry.
Comparative Analysis with Curaçao and the Philippines
- Curaçao: As one of the oldest online gaming jurisdictions, Curaçao has been a popular destination for operators. The licensing processof Curaçao’s Gaming Control Board (GCB) is more stringent, with higher application fees and compliance costs, reflecting a commitment to rigorous regulation. However, Curaçao has faced criticism for its regulatory framework, which some argue lacks robust enforcement mechanisms.
- Philippines: The Philippine Amusement and Gaming Corporation (PAGCOR) is a government-owned entity that regulates gaming with comprehensive oversight. PAGCOR enforces strict regulations on licensees, including financial requirements and responsible gaming measures, and is generally accepted in many international markets.
Warning to Players: Beware of Unauthorized Online Casinos
Operators licensed by offshore jurisdictions may face significant legal risks when targeting players in regions where they are not authorized to operate. Players engaging with these platforms are often left vulnerable, with limited recourse in cases of disputes or unfair practices. The association with less reputable licensing authorities can also lead to reputational damage for operators.
We strongly caution players in Europe, North America, and Asia against engaging with online casinos operated by entities registered with Anjouan Gaming or based in offshore jurisdictions such as the Marshall Islands, British Virgin Islands, or Puerto Rico. These operators are not authorized to provide gambling services in your region without obtaining the necessary local licenses. Playing on such platforms exposes you to significant risks, including lack of player protections, potential financial loss, and involvement with illegal operations. Exercise caution and verify the legitimacy of any platform before participating.
The Rise of Illegal Online Gambling and Associated Risks
The global online gambling market is projected to exceed $205 billion by 2030, with the Asia-Pacific region representing the largest share of growth. This expansion has been accompanied by a surge in illegal online gambling platforms, many operating anonymously and without proper licensing. These platforms often exploit cryptocurrencies to facilitate transactions, complicating regulatory oversight and enabling money laundering activities.
A report by the UN Office on Drugs and Crime highlights that casinos and cryptocurrencies have become major drivers of money laundering in East and Southeast Asia. The anonymity provided by cryptocurrencies allows illicit funds to be moved across borders with minimal detection, posing significant challenges to law enforcement agencies.
Urgent Warning to Payment Processors: Avoid Illegal Gambling Transactions
We strongly warn all payment processors against facilitating transactions for online casino operators registered or regulated in offshore jurisdictions such as Anjouan, Curaçao, or the Philippines, and targeting players in Europe, North America, or Asia. Without the requisite local licenses, these activities constitute illegal gambling. Payment processors involved in such transactions risk being complicit in aiding and abetting illegal operations and money laundering. This could result in severe legal consequences, including fines, sanctions, and criminal prosecution. Ensure compliance by verifying the legality of your clients’ operations before providing services.
Share Information
If you have any information about the illegal online casino and gambling scene or related money laundering activities, please share it with us via our whistleblower system, Whistle42.
