Compliance

It’s time for the gaming sector to up its AML game 

Martin Pashley, CCO, Kompli-Global, on what gaming operators can do to avoid fines for anti-money laundering failures in the future as well as tackling the crime of money laundering head on

Last month, we saw that yet more UK gaming companies were fined for failing to identify problem gambling and tackle financial crime. The United Kingdom Gaming Commission (UKGC) meted out penalties to four online casino operators worth a total of £4.5m after investigations revealed that the companies failed to “put in place effective safeguards to prevent money laundering and keep consumers safe from gambling harm.”1 Among those penalised…

Anti-money laundering | Compliance | KYC

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