Skip to Content

Tag Archives: Anti-Money Laundering

Belgium – EGBA welcomes proposals for new EU anti-money laundering rules

The European Union’s anti-money laundering rules are set to be updated and reinforced after the European Commission published proposals for two anti-money laundering (AML) Regulations and a revision of the current EU AML Directive today. The European Gaming and Betting Association (EGBA) welcomes the proposals and reaffirms its commitment to work with all relevant regulatory…

Canada – Alcohol and Gaming Commission of Ontario leads inter-agency task force to monitor cash transactions as casinos reopen

As casinos begin to welcome back guests in accordance with the province’s Roadmap to Reopen plan, the Alcohol and Gaming Commission of Ontario (AGCO) has established an inter-agency task force to monitor cash transactions. The task force consists of representatives from the AGCO, the Ontario Provincial Police (OPP) and Ontario Lottery and Gaming (OLG). In…

Canada – Loto-Québec welcomes audit’s recommendations on anti-money laundering

Canadian gaming operator Loto-Québec has reviewed the findings stemming from the independent audit on money laundering and loan sharking in Québec casinos and gaming halls. The Corporation finds that many of the audit’s recommendations are in line with the steps it has already taken to improve its practices and address the complex challenges associated with…

UK – Casumo fined £6m for social responsibility and AML failures

Casumo, which runs casumo.com, will have to pay a £6m fine and undergo extensive auditing after a Gambling Commission assessment revealed social responsibility and anti-money laundering failures. Casumo will also receive an official warning as a result of the Commission investigation. Social responsibility failings included not putting into effect policies and procedures for customer interaction…

UK – Aspers fined for player protection and AML failures following player’s suicide

Aspers Stratford City Casino has been fined £650,000 after the UK Gambling Commission ruled it had failed to comply with player protection and anti-money laundering measures, in a case where a player committed suicide after playing at the property. Turkish customer Huseyin Yaman, 37, was found hanged at his home in Hackney, North London, having…

Australia – Crown’s Chairman admits ‘ineptitude’ over AML laws

With the Australian government’s financial fraud squad, AUSTRAC, launching an official investigation into if the Crown Resorts broke anti-money laundering rules, Crown’s Own Chairman, Helen Coonan, has conceded the company’s ‘ineptitude’ on AML laws. AUSTRAC’s Regulatory Operations branch said the non-compliance reffered to ‘ongoing customer due diligence, and adopting, maintain and complying with an anti-money…

Bulgaria – ECA Honorary President reports latest EU anti-money laundering developments

ECA Honorary President Ron Goudsmit has given a comprehensive keynote speech on the latest developments concerning European anti-money laundering legislation at the Eastern European Gaming Summit. Touching upon the history of the AML directives from one through to five and the recent supranational risk assessment on money laundering by the European Commission, the former ECA…

Peru – Peru to introduce new Anti-Money Laundering measures

The regulatory and supervisory authority in Peru over banking and financial institutions The Superintendency of Banking, Insurance and Private Pension Funds (SBS) has approved a raft of new measures designed to counter money laundering and terrorist financing in casinos and slot parlours. The new rules will go into effect on June 1 2016. The rules…