The Lawyer's Daily: Money laundering, gambling in e-sports M&A: Costs of non-compliance
The e-sports industry is on track to surpass $1 billion in revenue this year. Investors looking to engage in mergers and acquisitions (M&A) activity in the industry are expected to be aware of the obligations, risks and challenges faced by its participants and what to focus on when assessing the viability of a transaction. The penalties for non-compliance with the relevant Anti-Money Laundering, anti-gambling or tax laws can be quite severe.
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