A focus on the importance of including all readily available patron information for BSA reporting.A more robust risk assessment section, with recommendations on evaluating whether a patron may have ties to a marijuana-related business and.An emphasis on the importance of participating in the PATRIOT Act 314(b) industry information-sharing program.A strengthened and expanded Know Your Customer / Customer Due Diligence section.sports betting market and interactive mobile gaming A deepened analysis and updated recommendations covering new and emerging forms of gaming, including the expanding U.S.An emphasis on a strong culture of compliance and the importance of industry engagement with government and law enforcement.

It also aims to serve as a tool for government and law enforcement “to help guide their efforts to protect the gaming industry and the broader financial system from money launderers and others involved in illegal activity.” The stated goal of the document is to provide a resource for the gaming industry and other financial sectors that are required to comply with the Bank Secrecy Act (BSA), the primary U.S.

National Money Laundering Risk Assessment, as well as updated compliance guidelines from the Treasury’s Office of Foreign Assets Control, an association spokeswoman told Thomson Reuters Regulatory Intelligence.

Treasury’s Financial Crimes Enforcement Network (FinCEN), the U.S. The newest version of the American Gaming Association’s (AGA’s) “ Best Practices for Anti-Money Laundering Compliance” reflects “takeaways” from enforcement actions and guidance from the U.S.

sports betting market, interactive mobile gaming, and customers with potential ties to marijuana-related businesses. casino industry group this month updated its guidance on anti-money laundering (AML) obligations to take account of developments that include the expansion of the U.S. casino industry group updated its guidance on anti-money laundering obligations to take account of several new developments in the gaming industryĪ U.S.

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