December 7, 2023

UK Gambling Commission Raises Alert on Money Laundering and Terrorist Financing Risks

The UK Gambling Commission has issued a critical update, intensifying its focus on money laundering and terrorist financing risks within the gaming sectors. Covering the period from June 2020 to March 2023, this comprehensive assessment serves as a vital resource for gambling operators, delineating the various threats and necessary AML procedures. Notably, the Commission has […]

December 2, 2023

Dutch Gambling Authority Imposes €3M Fine on BetCity for AML and Terrorist Financing Violations

In a landmark enforcement action, the Dutch gambling regulator, Kansspelautoriteit (KSA), has levied a massive €3 million fine against the well-known operator BetCity. This fine, one of the largest in the sector’s history, arises from significant breaches in anti-money laundering (AML) and terrorist financing regulations, highlighting the KSA’s unwavering commitment to maintaining integrity within the […]

FATF Pressures Philippines to Fast-Track AML Initiatives for List Removal

Financial Action Task Force (FATF) has once more stressed the need for the Philippines to accelerate the adoption of its action plan concerning anti-money laundering (AML) and counter-financing of terrorism (CFT). The Philippines found its name on the FATF grey list in June 2021 due to an evaluation by the Asia-Pacific Group on Money Laundering […]

Curaçao Sets Its Sights High: Aiming for Global Acclaim with Revolutionary Gambling Legislation!

CURAÇAO – Making waves in the international gambling community, Finance Minister Javier Silvania proclaimed the monumental significance of Curaçao’s innovative gambling legislation. The ultimate goal? To shield the nation from the looming threat of FATF grey-listing. Speaking at the coveted SiGMA Curaçao event, Silvania passionately emphasized that this legislation wasn’t about disruption but rather paving […]

June 24, 2023

Finland Plans to Open Gambling Market by ending the Monopoly

Finland Set to Introduce Licensing for Online Casino and Sports Betting Finland’s government announces its intention to liberalize the country’s gambling industry and put an end to the gambling monopoly held by state operator Veikkaus. The move aims to establish a licensed gambling market by 2026 at the latest. Government’s Reform Agenda and Measures The […]

Ontario casinos detected $372 million in cash transactions that were deemed suspicious in 2022

Critics are calling for immediate action to address a concerning trend in Ontario casinos, where over $350 million in suspicious transactions were detected over the past year – specifically, $372 million. They warn that failure to take action could result in the region being associated with money laundering in its casinos. Provincial gambling officials have […]