AML Compliance and Responsible Gaming Principles in the Betting and Gaming Sector
- Χρηματοοικ. Ασφαλιστικά Τραπεζικά - Νομοθεσία, Νομική & Δικηγόροι
ΠΕΡΙΓΡΑΦΗ
Betting and gaming companies, such as casinos or sports companies , were historically known as being vehicles for money laundering of all kinds and funding of illicit activity. Recent years have seen a significant change in the sector, particularly from a regulatory perspective. There is a perception by many that the industry is lacking in regulatory pressure, which makes it a particularly attractive route for money laundering and terrorist financing.
Betting and Gaming has changed in the last years, mostly shifting to online, with online slot machines, casino games and sports betting becoming increasingly popular. This shift has meant that betting and gaming platforms can be accessed internationally, and payments and withdrawals can be processed at a much faster rate.
The growth of online and mobile channels has added to the challenge of keeping the industry operating within required regulations. Significant risks exist within this sector, largely due to its size, the volume of transactions and the number of people who participate.
Companies that are regulated by the National Betting Authority of Cyprus and the Cyprus Gaming Commission need to practise safe gaming and comply with the Anti-Money Laundering legislation in place, and with the Legislative framework of gaming regulation, in general. The main purpose of these regulations is to minimize or eliminate money laundering and terrorist financing risks in this sector, as well as keep the gaming safe.
ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ
By the end of the programme, participants will be able to:
- Explain the EU and local legal framework regarding Betting and gaming
- Identify the different types of financial crime
- Understand AML procedures which are to be followed by the various authorities and stakeholders
- Identify financial crime risks specific to the organisation
- Identify Money laundering risks in each of the gaming sectors
- Describe compliance best practices and insights for gaming
- Expand your knowledge on gaming customer due diligence
- Name emerging technologies and trends in customer onboarding and reporting
- Understand risks associated with high value customer and politically exposed persons and how to mitigate those risk
- Identify and escalate suspicious activity
- Perform relevant actions based on the legislative framework of gaming regulation
- Understand the principles of Responsible Gaming
- Identify red flags of problem gambling
ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ
The programme is ideal for
- C-Level executives (Managing Directors and CEOs, COO)
- BoD members.
- AML compliance officers
- Risk Officers
- Front line persons working in the gaming sector
- Financial controllers
- Accountants
- Lawyers in:
- Betting companies
- Gaming and casino industry
- Regulatory Authorities
- Law Firms and Legal Consultants
- Financial Services Providers
- Software/Technology Providers
- Consulting Firms
- Sports Federations
ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ
Training Outline
AML Compliance in the Betting and Gaming Sector
Understanding Anti-Money Laundering (AML)
- Definition and Purpose
- Legal and Regulatory Framework: The Betting Law of 2019, EU AML Directives
- Regulatory environment in Cyprus
Risk Assessment in the Betting and Gaming Industry
- Identifying Potential Risks
- Risk-based approach
- Risk mitigation
Customer Due Diligence (CDD) Procedures
- Identification and Verification
- CDD and EDD measures
- Transaction Monitoring
- Sanctions screening
- Ongoing due diligence
Reporting Suspicious Activities
- Recognizing Red Flags
- Reporting Mechanisms and Protocols
- Post-reporting actions
Role of Employees in AML Compliance
- Training and Awareness
- Responsibilities and Accountability
Responsible Gaming Principles
Definition and Significance of Responsible Gaming
Regulatory Requirements for Responsible Gaming
- Licensing and Compliance
- Responsible Gaming Codes of Conduct
Identifying Problem Gambling
- Signs and Symptoms
- Customer Interaction and Intervention Techniques
Self-Exclusion Programs
- Understanding and Implementing
- Communication Strategies
- Age Verification and Underage Gambling Prevention
- Procedures and Tools
- Legal Implications
Integrating AML and Responsible Gaming
- Synergies and Interconnections: creating a Unified Approach
- Shared Policies and Procedures
- Case Studies and Best Practices
- Success Stories in AML and Responsible Gaming Integration
- Lessons Learned from Industry Leaders
Technology and Tools for Compliance
- AML Software Solutions: overview and selection criteria
- Implementation and Integration
- Responsible Gaming Technologies
- Tools for Monitoring and Intervention
- Data Analytics for Problem Gambling Identification
Training and Development Strategies
- Employee Training Programs: AML Training Modules and Responsible Gaming Workshops
- Continuous Learning and Updates – staying Informed on Regulatory changes, Industry trends and Best Practices
Compliance Monitoring and Auditing
- Internal Controls and Auditing Procedures
- Regular Audits for AML Compliance
- Responsible Gaming Performance Metrics
- Corrective Actions and Continuous Improvement: addressing non-Compliance issues
Training Style
The programme has a practical delivery style with presentations, case studies, practical exercises, and direct-action points that will help participants apply the knowledge learned to keep their organisation compliant and the employees and customers safe.
CPD Recognition
This programme may be approved for up to 12 CPD units in Financial Regulation and AML. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
This training course may be approved as an external activity under the new ACAMS recertification category ”non-ACAMS credits” for up to 12 CPD units. Eligibility criteria and CPD Units are verified directly by the Association of Anti-Money Laundering Specialists (ACAMS). To read more about the non-ACAMS credits policies and eligibility criteria please click here.
Πληροφορίες Εκπαιδευτή
Geert Vermeulen - Ethics & Compliance Management, Consulting & Training
The mission of Geert Vermeulen is to help organizations conduct business in an ethical and compliant way. Geert is specialized in establishing and improving ethics and compliance programs in general and anti-corruption programs in specific. In 2016 he founded ECMC: Ethics & Compliance Management & Consulting. ECMC provides compliance training, consulting services and interim and external ethics & compliance management. Geert also regularly speaks and writes on ethics and compliance. He obtained most of his experience in-house as the Chief Compliance Officer of Aon EMEA and the Global Head of Compliance of Damco, the freight forwarding arm of Maersk. He served as one of the Directors of the Netherlands Compliance Institute and has been the President of the Dutch Compliance Officers Association, where he founded the expert group on Financial Economic Crime.
He is also a member of the expert groups on Culture and Behavior and ESG of the association. Besides that, he is a member of the Professional Advisory Committee of the Law Compliance Minor at The Hague University. When he won the National Compliance Award in 2020, he was labelled ‘the compliance guru’. In 2020 Geert launched his new company called ‘The Integrity Coordinator’. This company is an independent, external coordinator of whistleblowing or speak up procedures. The Integrity Coordinator receives the reports of whistleblowers and also coordinates the follow-up, communicating with the management and the whistleblowers and coordinating the investigation, if necessary. In the last 15 years Geert handled a couple hundred reports.
Αναλυτικό Κόστος Σεμιναρίου
Για Δικαιούχους ΑνΑΔ
- € 530.00
- € 240.00
- € 0.00
- € 290.00
Για μη-Δικαιούχους ΑνΑΔ
- € 530.00
- € 0.00
- € 100.70
- € 530.00
ΠΡΟΓΡΑΜΜΑ ΣΕΜΙΝΑΡΙΟΥ
Τετάρτη - 12 Ιουν 2024
Ώρα
09:00 - 16:15
ΕΚΠΑΙΔΕΥΤΗΣ:
Geert VermeulenΤοποθεσία:
OnLine Virtual Classroom
Τετάρτη - 19 Ιουν 2024
Ώρα
09:00 - 16:15
ΕΚΠΑΙΔΕΥΤΗΣ:
Geert VermeulenΤοποθεσία:
OnLine Virtual Classroom