What you'll learn:
- Learn all you need to know about Money Laundering in the gambling industry
- Gain Practical Insights into Anti Money Laundering Compliance for online casinos and betting websitesting platforms
- Understand the differences between money laundering and terrorist financing
- Identify High-Risk scenarios and learn how to assess Money Laundering risk
- Build an effective AML Compliance Program to better protect your organization
- Discuss the negative consequences of money laundering
- Compare how both land-based and online gambling operate in key regions
This course will introduce you to the importance of anti-money laundering and counter terrorist financing within gambling. It will explore the regulatory approach towards money laundering within the gaming industry and will provide you with a clear understanding of how gambling is used to launder criminal proceeds and the methods used to assess and combat the risks.
The main learning outcomes of the course will be;
To understand what money laundering and terrorist financing is, why the gambling industry is so attractive to criminals and the three stages of money laundering.
To gain an overview of regulatory and legislative concepts that govern the way in which the gambling industry responds to money laundering risk, what the risk based approach is and what are some of the key risk indicators of money laundering in online and land-based gambling
To be able to explain the different types of money laundering risks within gambling and how present and future risks can assessed
To recognise how effective policies, procedures and processes can mitigate money laundering risk within a gambling business and the skills needed to be a competent AML professional.
To learn how culture and governance can influence and help establish a compliance-forward organisation and staff
