The UK’s Betting and Gaming Council held on September 6 the 2023 Gambling Anti-Money Laundering Group (GAMLG) Training Day. The aim of the day was to encourage BGC operators of all sizes to consider key emerging risks, best practices, and developments, “reflecting the diversity of compliance functions across BGC operators.”
The focus of the day was to share best practices and discuss topical issues for the gambling sector in the Anti-Money Laundering and Counter-Terrorist Financing space. The event was attended by over 100 members from across over 40 different organizations, including Entain, Flutter, Betfred, Playtech, Buzz Group, and Genting.
Members heard from Senior Manager Jamie Colley, from the Gambling Commission on AML compliance. Furthermore, Harri Gwynllyw, Senior Officer at the UK Financial Intelligence Unit spoke to the group about SARs best practices.
Further sessions on AML fundamentals, GC Guidance implementation, and response after identifying an AML problem were delivered by various industry leaders as well as a panel discussion on source of funds and source of wealth checks.
“Building on the success of our inaugural GAMLG Training Day last year, this has become an annual fixture, providing a platform for the industry to share knowledge and raise standards as a collective in the Anti-Money Laundering and Counter-Terrorist Financing space,” the Council explained.
Supported Betting and Gaming Council and independently chaired by Keith Bristow KPM, GAMLG was established in 2016 to enable the professionalisation of the cross-industry response to money laundering risks.
“While gambling is rated as low risk in the Government’s National Risk Assessment, the industry is determined to drive up standards and encourage best practices across its membership to keep crime out of gambling,” concluded the BGC.
Original article: https://www.yogonet.com/international/noticias/2023/09/13/68728-bgc-discusses-safer-gambling-practices-at-2nd-edition-of-gambling-aml-group-training-day
