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Skimming
Meaning and Definition of Skimming in Gambling
The term skimming refers to the illicit practice of misappropriating funds from a commercial entity, typically involving the non-disclosure of gross receipts to regulatory and tax authorities. In the context of the gambling industry, this encompasses fraudulent schemes where licensed establishments utilize unauthorized third parties to divert cash flows, thereby evading fiscal obligations and statutory reporting requirements. Such activities may involve the manipulation of gaming outcomes or the deliberate misreporting of financial data to artificially deflate net profit figures. Under international anti-money laundering (AML) and counter-terrorist financing (CTF) frameworks, skimming is classified as a serious regulatory violation subject to criminal prosecution and the revocation of operational licenses.
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