AGA Releases Updated AML Compliance Guide for Gaming Industry

The guidance aims to help the gaming sector adapt to regulatory changes, technological advances, and evolving criminal threats. 

Key updates include: 

➡️ Digital Focus: Greater attention on online platforms, digital wallets, and the use of cryptocurrency in gaming transactions;  

➡️ Customer Due Diligence: Strengthened expectations for Know Your Customer (KYC) measures and clearer direction on filing Suspicious Activity Reports (SARs);  

➡️ Risk Framework: Updated risk assessment section that is aligned with the latest regulatory expectations;

➡️ Fraud: Broader coverage of fraud vulnerabilities and related financial risks; and

➡️ Detection Tools: New typologies to better equip staff in identifying suspicious activity.

✅ Gaming operators are encouraged to review their FCC frameworks to ensure risks highlighted in the guide are reviewed and reflected.