The fourth Anti-Money Laundering Directive (4AMLD) for the first time includes online gambling activities within its remit, having previously included just land-based casinos, and brings with it the likelihood of ever more onerous compliance procedures.
Recent AML-related enforcement actions on the part of the UK Gambling Commission prove that operators are already finding their processes under increased scrutiny. They also provide evidence of the need for comprehensive reporting tools that can help operators avoid some of the pitfalls inherent in a world where fears over money-laundering and terrorist financing are prevalent.
This complimentary white paper from web-based online screening tools provider W2 highlights some of the risks faced by operators, as well as the steps they can take to ensure compliance. Click here to download.