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蹤獲鱉鱉's Anti-Money Laundering Comparative Tool: Assessing AML Requirements Across the North American Gambling Landscape
蹤獲鱉鱉 has launched a new tool that provides organisations with a clear and concise picture of anti-money laundering requirements for online gambling across North America in a simple, easy-to-read format.
Why the need for an Anti-Money Laundering Comparative Overview Tool now?
The online gambling industry in North America continues to mature and evolve with the emergence of new technology and digitalisation. As the online gambling sector grows, and inevitably introduces more customers and more transactions, it is crucial for organisations to embrace a culture of anti-money laundering compliance.
A recent uptick in global anti-money laundering enforcement action serves as a warning for North American operators and those invested in such operations. In H1 2024, 蹤獲鱉鱉 noted 24 enforcement actions regarding anti-money laundering violations, as well as 11 such enforcement actions in H2, including an A$67m fine in Australia.
In January 2024, the U.S. Attorney's Office for the Central District of California announced a combined $7.45m settlement agreement with MGM Grand and The Cosmopolitan of Las Vegas casinos to resolve an investigation into alleged money laundering and violations of the Bank Secrecy Act. Additionally, the Financial Crimes Enforcement Network (FinCEN) continues to pursue enforcement activities over anti-money laundering violations involving casinos. Although FinCEN and other regulators have yet to extend this pursuit to online gambling, 蹤獲鱉鱉s customers can use the comparative overview tool to ensure proactive compliance and mitigate regulatory risk.
How does the Anti-Money Laundering Comparative Overview Tool work?
蹤獲鱉鱉s Anti-Money Laundering Comparative Overview Tool covers mandatory anti-money laundering requirements at the state and provincial level across North America applicable to online gambling. Customers can easily scan and compare requirements, as well as access the direct link for all requirements and the relevant legal citation, via a comprehensive table format.
The table currently covers nine key iGaming jurisdictions and 31 key online sports betting jurisdictions, including:
- Connecticut
- Delaware
- Michigan
- New Jersey
- Nevada
- Ontario
- Pennsylvania
- Rhode Island
- West Virginia
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Want to know more?
蹤獲鱉鱉 customers with access to the North America region are able to access these tools and see the exact references to the regulations or laws. If you're a 蹤獲鱉鱉 customer, log in now and start exploring the Anti-Money Laundering Comparative Overview Tool.
Not yet a customer?
Get in touch or book a demo to speak to a member of the team about your partnership with 蹤獲鱉鱉, and discover what else youre missing out on. In the meantime, download your handy AML datasheet and share with the people who need to know.
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