AML CONCERNS REMAIN STRONG OVER GLOBAL USD536 BILLION GAMIGN SECTOR
February 1st, 2024
AML/CFT concerns about casinos and gaming remain strong and are an integral part of FATF mutual evaluation reports (MERs), as the global body approaches its fourth round of MERs. In its February (2023) guidance on MER procedures, FATF placed casino supervisory bodies at the top of the list of designated non-financial business and professions (DNFBP) actors to interview during scheduled MER visits (1). It is the same for AML/CFT managers of DNFBPs – casinos head the list of suggested professionals for interviewees.
Such pressure for AML/CFT controls regarding ...
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