Pakistan, Sept. 9 -- The Financial Action Task Force (FATF) has warned countries about growing financial risks linked to online gaming and gambling. The global watchdog released new risk indicators after surveying 80 jurisdictions. It said digital platforms have created new opportunities for money laundering and terrorist financing. The sector has also become more connected across borders and payment systems. FATF urged countries to strengthen oversight as these activities expand.

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According to the report, gaming and gambling businesses now operate through online, cross-border and multi-payment platforms. These platforms connect with banks, e-wallets, mobile money servic...