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Rush Consulting Ltd Academy

This course will introduce you to the importance of anti-money laundering and counter terrorist financing within gambling. It will explore the regulatory approach towards money laundering within the gaming industry and will provide you with a clear understanding of how gambling is used to launder criminal proceeds and the methods used to assess and combat the risks.

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This course will introduce you to the importance of anti-money laundering and counter terrorist financing within gambling. It will explore the regulatory approach towards money laundering within the gaming industry and will provide you with a clear understanding of how gambling is used to launder criminal proceeds and the methods used to assess and combat the risks.

The main learning outcomes of the course will be;

  • To understand what money laundering and terrorist financing is, why the gambling industry is so attractive to criminals and the three stages of money laundering.

  • To gain an overview of regulatory and legislative concepts that govern the way in which the gambling industry responds to money laundering risk, what the risk based approach is and what are some of the key risk indicators of money laundering in online and land-based gambling

  • To be able to explain the different types of money laundering risks within gambling and how present and future risks can assessed

  • To recognise how effective policies, procedures and processes can mitigate money laundering risk within a gambling business and the skills needed to be a competent AML professional.

  • To learn how culture and governance can influence and help establish a compliance-forward organisation and staff

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What's inside

Learning objectives

  • Learn all you need to know about money laundering in the gambling industry
  • Gain practical insights into anti money laundering compliance for online casinos and betting websitesting platforms
  • Understand the differences between money laundering and terrorist financing
  • Identify high-risk scenarios and learn how to assess money laundering risk
  • Build an effective aml compliance program to better protect your organization
  • Discuss the negative consequences of money laundering
  • Compare how both land-based and online gambling operate in key regions

Syllabus

Introduction

In this course, we’re going to go through some important concepts, like money laundering, terrorist financing, the Risk Based Approach and we’re going to unravel and review some examples of high risk scenarios, like Politically Exposed Persons and sanctioned individuals, all in relation to how they can impact your organisation.

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Understanding Money Laundering
Understanding Terrorist Financing
Learn how we can do to constrbute to the fight against money laundering and terrorist financing
Fighting Money Laundering with AML Regulation and International Cooperation

An MLRO is responsible for ensuring that, when appropriate, the information or other matter leading to knowledge or suspicion, or reasonable grounds for knowledge or suspicion of money laundering is properly disclosed to the relevant authority. But are the MLRO's responsibilities and duties? Who can be a MLRO?

A suspicious transaction report (STR) is a type of report that must be submitted to the Authorities if there are reasonable grounds to suspect that a transaction that occurs or is attempted in the course of a player's activities is related to the commission or the attempted commission of an ML/TF offence.

The purpose of this section is to discuss the nature and operational differences between land-based and online gambling and compare how both land-based and online gambling operate in key regions.
The Gambling Market

The purpose of this unit if to explain the key concepts of liquidity and value transfer with regard to gambling and describe why the gaming industry is so attractive to money launderers

The purpose of this unit is to express the nature and application of the risk-based approach within the gambling industry and outline a number of different methodologies to assess money laundering risk.

The purpose of this unit is to contrast customer onboarding processes for land-based and online operators, recognise source of wealth and source of funds considerations and relate issues concerning politically exposed and designated persons.

Concluding thoughts and summary

The purpose of this unit is to explain some of the key challenges facing the industry and describe some of the tools being developed to better understand and respond to these challenges. We are also going to do a summary of everything we learned in this course and the new skills you learned.

Final Quiz

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Designed for individuals working in the gambling industry who need to understand anti-money laundering and counter terrorist financing regulations and practices
Provides practical insights into anti-money laundering compliance for online casinos and betting website platforms
Led by Rush Consulting Ltd Academy, who specialize in anti-money laundering training and consulting
Examines the differences between money laundering and terrorist financing, and how to identify high-risk scenarios
Covers key concepts like liquidity, value transfer, and the risk-based approach within the gambling industry
Students will learn about customer onboarding processes, source of wealth and funds considerations, and issues related to politically exposed persons

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Anti-Money Laundering in Gambling with these activities:
Guide for first-timers
Check out this beginner-friendly tutorial for an overview of AML-CFT in the gambling industry and a look at the current regulatory landscape.
Show steps
  • Visit the International Gaming Standards Association website and read their Anti-Money Laundering & Counter Terrorist Financing for Gaming Operators online guide.
Attend Webinars on AML in Gambling
Stay abreast of the latest industry developments and best practices by attending webinars focused on AML in the gambling sector.
Show steps
  • Search for upcoming webinars
  • Register and attend the webinar
  • Take notes and engage in Q&A sessions
  • Follow up with speakers or organizers
Contribute to Online Gambling AML Discussion Forums
Apply your knowledge to actively participate in online forums and discussions related to AML in the gambling industry.
Show steps
  • Identify relevant forums and online communities
  • Create an account and establish your credibility
  • Engage in discussions and contribute thoughtful insights
  • Stay up-to-date on industry best practices and regulatory changes
One other activity
Expand to see all activities and additional details
Show all four activities
Develop a Case Study on AML Risk Assessment
Demonstrate a deep understanding of AML risk assessment by creating a case study that analyzes a hypothetical or real-world scenario.
Show steps
  • Choose a specific gambling scenario
  • Identify and analyze potential AML risks
  • Develop mitigation strategies and recommendations
  • Present your case study in a clear and concise manner

Career center

Learners who complete Anti-Money Laundering in Gambling will develop knowledge and skills that may be useful to these careers:
Risk Analyst
A Risk Analyst identifies and assesses risks to a company. This course provides a comprehensive overview of the importance of AML and counter terrorist financing within the gambling industry, and will provide you with a clear understanding of how gambling is used to launder criminal proceeds and the methods used to assess and combat the risks. This course will help you build a strong foundation in AML and equip you with the skills needed to be a successful Risk Analyst.
Auditor
An Auditor examines financial records to ensure accuracy and compliance with regulations. This course provides a comprehensive overview of the importance of AML and counter terrorist financing within the gambling industry, and will provide you with a clear understanding of how gambling is used to launder criminal proceeds and the methods used to assess and combat the risks. This course will help you build a strong foundation in AML and equip you with the skills needed to be a successful Auditor.
Compliance Officer
A Compliance Officer ensures that a company complies with all applicable laws and regulations. This course provides a comprehensive overview of the importance of AML and counter terrorist financing within the gambling industry, and will provide you with a clear understanding of how gambling is used to launder criminal proceeds and the methods used to assess and combat the risks. This course will help you build a strong foundation in AML and equip you with the skills needed to be a successful Compliance Officer.
Fraud Investigator
A Fraud Investigator investigates and reports on fraudulent activity. This course provides a comprehensive overview of the importance of AML and counter terrorist financing within the gambling industry, and will provide you with a clear understanding of how gambling is used to launder criminal proceeds and the methods used to assess and combat the risks. This course will help you build a strong foundation in AML and equip you with the skills needed to be a successful Fraud Investigator.
AML Compliance Manager
An AML Compliance Manager develops and implements AML compliance programs. This course provides a comprehensive overview of the importance of AML and counter terrorist financing within the gambling industry, and will provide you with a clear understanding of how gambling is used to launder criminal proceeds and the methods used to assess and combat the risks. This course will help you build a strong foundation in AML and equip you with the skills needed to be a successful AML Compliance Manager.
Financial Crimes Analyst
A Financial Crimes Analyst investigates and reports on suspicious financial activity. This course provides a comprehensive overview of the importance of AML and counter terrorist financing within the gambling industry, and will provide you with a clear understanding of how gambling is used to launder criminal proceeds and the methods used to assess and combat the risks. This course will help you build a strong foundation in AML and equip you with the skills needed to be a successful Financial Crimes Analyst.
AML Officer
An Anti-Money Laundering (AML) Officer is responsible for developing and implementing policies and procedures to prevent money laundering and terrorist financing. This course provides a comprehensive overview of the importance of AML and counter terrorist financing within the gambling industry, and will provide you with a clear understanding of how gambling is used to launder criminal proceeds and the methods used to assess and combat the risks. This course will help you build a strong foundation in AML and equip you with the skills needed to be a competent AML professional.
Money Laundering Reporting Officer
A Money Laundering Reporting Officer (MLRO) is responsible for reporting suspicious financial activity to the relevant authorities. This course provides a comprehensive overview of the importance of AML and counter terrorist financing within the gambling industry, and will provide you with a clear understanding of how gambling is used to launder criminal proceeds and the methods used to assess and combat the risks. This course will help you build a strong foundation in AML and equip you with the skills needed to be a successful MLRO.
AML Analyst
An AML Analyst monitors and analyzes financial transactions to identify potential money laundering or terrorist financing activity. This course provides a comprehensive overview of the importance of AML and counter terrorist financing within the gambling industry, and will provide you with a clear understanding of how gambling is used to launder criminal proceeds and the methods used to assess and combat the risks. This course will help you build a strong foundation in AML and equip you with the skills needed to be a competent AML Analyst.
Gaming Regulator
A Gaming Regulator is responsible for regulating the gambling industry to ensure that it is fair and safe. This course provides a comprehensive overview of the importance of AML and counter terrorist financing within the gambling industry, and will provide you with a clear understanding of how gambling is used to launder criminal proceeds and the methods used to assess and combat the risks. This course will help you build a strong foundation in AML and equip you with the skills needed to be a successful Gaming Regulator.
Casino Manager
A Casino Manager is responsible for the day-to-day operations of a casino. This course provides a comprehensive overview of the importance of AML and counter terrorist financing within the gambling industry, and will provide you with a clear understanding of how gambling is used to launder criminal proceeds and the methods used to assess and combat the risks. This course will help you build a strong foundation in AML and equip you with the skills needed to be a successful Casino Manager.
Online Gambling Operator
An Online Gambling Operator is responsible for the operation of an online gambling website. This course provides a comprehensive overview of the importance of AML and counter terrorist financing within the gambling industry, and will provide you with a clear understanding of how gambling is used to launder criminal proceeds and the methods used to assess and combat the risks. This course will help you build a strong foundation in AML and equip you with the skills needed to be a successful Online Gambling Operator.
Financial Investigator
A Financial Investigator investigates financial crimes. This course provides a comprehensive overview of the importance of AML and counter terrorist financing within the gambling industry, and will provide you with a clear understanding of how gambling is used to launder criminal proceeds and the methods used to assess and combat the risks. This course will help you build a strong foundation in AML and equip you with the skills needed to be a successful Financial Investigator.
Law Enforcement Officer
A Law Enforcement Officer enforces the law and investigates crimes. This course provides a comprehensive overview of the importance of AML and counter terrorist financing within the gambling industry, and will provide you with a clear understanding of how gambling is used to launder criminal proceeds and the methods used to assess and combat the risks. This course will help you build a strong foundation in AML and equip you with the skills needed to be a successful Law Enforcement Officer.
Risk Manager
A Risk Manager identifies and assesses risks to a company. This course may provide a useful overview of the importance of AML and counter terrorist financing within the gambling industry, and may provide you with a basic understanding of how gambling is used to launder criminal proceeds and the methods used to assess and combat the risks. This course may help you build a foundation in AML and equip you with some of the skills needed to be a successful Risk Manager.

Reading list

We've selected five books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Anti-Money Laundering in Gambling.
Comprehensive guide to terrorist financing. It covers the different methods used to finance terrorism, the different types of organizations that engage in terrorist financing, and the impact of terrorist financing on the global economy.
These standards provide guidance to governments and financial institutions on how to develop and implement effective AML and CTF policies.
These guidelines provide guidance to banks on how to implement a risk-based approach to AML and CTF.
Offers an accessible overview of the world of financial crime, including money laundering, providing insights into the motivations, methods, and consequences of these illicit activities.
This legislation significantly enhances the United States' anti-money laundering framework, introducing new requirements and strengthening enforcement mechanisms to combat financial crimes, including money laundering in the gambling sector.

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