The Remote Gambling Association (RGA), has today published the Second Edition of its publication, ‘Anti-money laundering: Good practice guidelines for the online gambling industry’.
The guidelines are designed to help licensed online gambling companies combat the threat of money laundering and terrorist financing in a consistent and effective manner. It covers key areas such as the application of a risk-based approach; due diligence processes; and internal controls.
Clive Hawkswood, the RGA’s Chief Executive said, ‘Our first edition of these guidelines was well received and, more importantly, provided a useful tool for companies in the online gambling industry. In this Edition we have, among other things, sought to anticipate some of the changes that will flow from implementation of the EU’s 4th AML Directive. We will keep the guidelines under review so that they continue to reflect any new developments.’
A copy of the guidelines can be downloaded via the following link.