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;
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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;
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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UDEAFNULP2024
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
- 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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Syllabus
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.
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 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.
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.
Good to know
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Activities
Guide for first-timers
Show steps
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
Show steps
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
Show steps
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
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Show all four activities
Develop a Case Study on AML Risk Assessment
Show steps
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
Guide for first-timers
Show steps
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
Show steps
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
Show steps
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
Develop a Case Study on AML Risk Assessment
Show steps
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
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Auditor
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Fraud Investigator
AML Compliance Manager
Financial Crimes Analyst
AML Officer
Money Laundering Reporting Officer
AML Analyst
Gaming Regulator
Casino Manager
Online Gambling Operator
Financial Investigator
Law Enforcement Officer
Risk Manager
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