As increasingly large amounts of money flow through online casinos, digital sportsbooks, and similar services, it is time for Gaming and Gambling companies to recognise the threat of money laundering and take immediate action.

Gaming and Gambling companies across the world are under threat.

In recent years, criminal groups have increasingly sought to exploit the opportunities afforded by the sector to flush the proceeds of their illicit activities.

As a result, Gaming and Gambling companies are now coming under even greater pressure to take all the steps necessary to ensure they don’t provide criminals with the means to launder money.

The regulatory authorities are handing out stiff penalties for non compliance

Regulators, alert to the threat of criminal activity, are increasingly cracking down on companies judged to have fallen short on anti-money laundering (AML) standards.

Research from TMT Analysis reveals that the authorities such as Britain, America, and Australia are becoming increasingly stringent.

In 2022 regulators hit global Gaming and Gambling companies with £105 million of fines, nearly three times as much as in 2021. the UK Gambling Commission alone handed out £44.6 million of fines over the past year – an increase of 76% on 2021.

In order to spot money laundering, it is crucial that you recognise your AML vulnerabilities

Anti-money laundering (AML) and counter financing for terrorism (CFT) protocols must be implemented by companies that offer any form of gaming or gambling service.

Any unaccounted for AML processes can be exploited by criminals and make the operator liable to investigation by regulators.

Gaming and Gambling companies must demonstrate they are taking all the steps necessary to ensure they don’t provide criminals with the means to launder the proceeds of their wrongdoings.

So, the first, and arguably most crucial step, in any compliance programme is to identify the AML vulnerabilities that can lead to exploitation.

Which is why we created a report on the AML vulnerabilities that specifically apply to Gaming and Gambling companies.

Download this valuable compliance analysis today.

AML Gaming Gambling


In this industry report, we explore:

– Where Gaming and Gambling companies face AML risks
– The regulatory environment
– How to ensure compliance with AML

For your free copy of this valuable analysis click here.

RiskScreen can help you to identify and overcome your AML challenges

The mounting pressures mean that it is now absolutely crucial that Gaming and Gambling companies take a far more proactive, risk-based approach to combatting money laundering. 

Yet many companies in the sector are still under-resourced and still relying on outdated manual money-laundering processes that are no longer fit for purpose.

This is even though technologies now exist that offer flexible, scalable, and auditable solutions that deliver a truly effective and efficient AML process in the face of an ever-changing regulatory environment.

Gaming and Gambling companies must embrace technology to counter the threat of money laundering or face the consequences.

The RiskScreen platform is a world-leading solution that has been specifically developed in order to provide a complete end-to-end solution. It supports a range of modules covering key areas such as onboarding, screening, and adverse media. With flexibility in mind, you can choose individual modules to cover specific areas as your business requires or install the complete package for a fully integrated solution.

With the RiskScreen solution you can rest assured that your anti-money laundering (AML) and know your customer (KYC) processes will be completely transformed, together with full scalability to future-proof your compliance functions.

To discover just how RiskScreen can help you to overcome your compliance challenges, request a discovery call today.


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