AML

RG24seven Opens Training to Spanish & Portuguese speakers with FREE Responsible Gambling and Anti-Money Laundering Courses

Published

11 months ago

June 11, 2024

rg24seven-opens-training-to-spanish-&-portuguese-speakers-with-free-responsible-gambling-and-anti-money-laundering-courses

RG24seven Virtual Training, the responsible, effective, and free video-based virtual training system for gaming employees, is pleased to announce the addition of Spanish and Portuguese subtitles to its U.S.-based Responsible Gambling and Anti Money-Laundering courses. The courses are offered as part of the RG24seven free virtual training program for Tribal and commercial gaming employees.

The decision to incorporate subtitles into the Responsible Gambling course aligns with RG24seven’s dedication to ensuring that vital training resources are accessible to all, including individuals who prefer to consume content in different languages.

Wendy Anderson, Chief Executive Officer of RG24seven Virtual Training stated, “With the onset of legal gambling in Brazil through the country’s newly established national regulatory framework for betting systems, live gaming studios, and online games, offering our compliance-grade course in Portuguese is more important than ever.”

Anderson added, “Accessibility should be a cornerstone of any educational initiative, especially when it comes to promoting responsible gambling practices. RG24seven is the industry’s most accessible and valuable training for gaming company employees.”

European Gaming Congress 2024 (Warsaw, Poland)

RG24seven’s virtual training program is available to all gambling establishments in the U.S., U.K., Europe, Central and South America.

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AGA

AGA Publishes Updated Anti-Money Laundering Best Practices

Published

3 years ago

July 29, 2022

GamingAmericas.com

Updates Reflect Industry Leadership, New Laws to Protect Financial System

The American Gaming Association (AGA) released the third edition of its Best Practices for Anti-Money Laundering (AML) Compliance resource. The updated document—reviewed and revised by the country’s top compliance professionals—builds on the gaming industry’s AML leadership and reflect new laws, technologies and indicators of criminal activity.

“As the methods and sophistication of financial crimes evolve, the gaming industry continues to spearhead efforts to combat money laundering,” said Alex Costello, AGA’s vice president, government relations. “An invaluable resource for our industry, this guide demonstrates gaming’s commitment to protect the U.S. financial system from money laundering and other forms of illicit finance.”

Since the last update to Best Practices in 2019:

Congress made significant changes to the Bank Secrecy Act through the Anti-Money Laundering Act of 2020.
FinCEN granted the gaming industry federal exceptive relief for certain types of ID verification.
Sixteen additional states legalized sports betting and iGaming.
Nearly a dozen gaming jurisdictions approved the use of digital payments and forms of cryptocurrency.
New types of cybercrimes and fraudulent activity have surfaced.

To address these changes, Best Practices provides updated guidance, expanded red flag indicators, current compliance obligations, revised definitions and other essential information for gaming companies to maintain their strong AML regimes.

The casino gaming industry is recognized as a leader in AML compliance. In 2014, gaming became the first industry to collectively establish this comprehensive set of best practices for AML compliance. In 2021, the industry filed nearly 55,000 suspicious activity reports to aid law enforcement in fighting money laundering activity. In addition, the AGA represents gaming on the Bank Secrecy Act Advisory Group (BSAAG), a group organized by FinCEN to collaborate with stakeholders in the financial sector.