AGA Publishes Updated Anti-Money Laundering Best Practices
⏱ 1 min read
(Washington, D.C.).- The American Gaming Association (AGA) released the third edition of its Best Practices for Anti-Money Laundering (AML) Compliance resource today. The updated document—reviewed and revised by the country’s top compliance professionals—builds on the gaming industry’s AML leadership and reflects new laws, technologies and indicators of criminal activity.
“As the methods and sophistication of financial crimes evolve, the gaming industry continues to spearhead efforts to combat money laundering,” said Alex Costello, AGA’s vice president, government relations. “An invaluable resource for our industry, this guide demonstrates gaming’s commitment to protect the U.S. financial system from money laundering and other forms of illicit finance.”
Since the last update to Best Practices in 2019:
- Congress made significant changes to the Bank Secrecy Act through the Anti-Money Laundering Act of 2020.
- FinCEN granted the gaming industry federal exceptive relief for certain types of ID verification.
- Sixteen additional states legalized sports betting and iGaming.
- Nearly a dozen gaming jurisdictions approved the use of digital payments and forms of cryptocurrency.
- New types of cybercrimes and fraudulent activity have surfaced.
To address these changes, Best Practices provides updated guidance, expanded red flag indicators, current compliance obligations, revised definitions and other essential information for gaming companies to maintain their strong AML regimes.
The casino gaming industry is recognized as a leader in AML compliance. In 2014, gaming became the first industry to collectively establish this comprehensive set of best practices for AML compliance. In 2021, the industry filed nearly 55,000 suspicious activity reports to aid law enforcement in fighting money laundering activity. In addition, the AGA represents gaming on the Bank Secrecy Act Advisory Group (BSAAG), a group organized by FinCEN to collaborate with stakeholders in the financial sector.
Categoría:Others
Tags: Sin tags
País: United States
Event
GAT EXPO CARTAGENA 2026
24 de March 2026
Technology, AI and Traceability: Keys to the Future of Gaming at the GAT Expo Cartagena Suppliers Panel
(Cartagena de Indias, SoloAzar Exclusive).- Within GAT Expo Cartagena 2026, technology sector leaders analyzed the challenges and opportunities of the gaming industry during the panel “Innovation, Traceability and Control”.
Tuesday 31 Mar 2026 / 12:00
Gamification with Purpose: Andrés Blanco Explains How to Drive Real Engagement at GAT Expo Cartagena
(Cartagena de Indias, SoloAzar Exclusive).- At GAT Expo Cartagena 2026, one of Latin America’s most important gaming industry events, Andrés Blanco, Managing Director and Chief Product Officer at Gamanza Engage, shared his vision of how gamification can become a strategic tool to foster genuine user engagement.
Monday 30 Mar 2026 / 12:00
Nevada’s Regulatory Model, Taxation Challenges and Prediction Markets Take Center Stage at GAT Expo Cartagena
(Cartagena de Indias, SoloAzar Exclusive).- During a high-level fireside chat at GAT Expo Cartagena 2026, Brian Krolicki, Vice Chairman of the Nevada Gaming Commission, and Rodrigo Afanador Carrasco, CEO of Zamba and General Manager of Grupo Vicca, explored key regulatory challenges shaping the global gaming industry, with a particular focus on Latin America.
Monday 30 Mar 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.