Description
The Specialist Certificate in Money Laundering Risk in Betting & Gaming offers an in-depth exploration of the unique money laundering risks within the betting and gaming sectors. This program provides practical tools and knowledge to identify, mitigate, and manage financial crime risks effectively, while aligning with global regulations and industry standards.
This course is aligned to the SAQA Framework (NQF Level 4) and the UK QAA Framework (Level 2). Learners will receive a qualification from SAQA and the Alliance Manchester Business School via the International Compliance Association.
Next cohort: 26 May 2025 (4-month instructor led online course).
Who Should Enroll?
This course is designed for:
- Compliance professionals working in the betting and gaming industries.
- AML officers and risk managers seeking specialized knowledge on money laundering in gambling.
- Operators of land-based and online gambling platforms aiming to strengthen their compliance programs.
- Professionals seeking a deeper understanding of global regulatory frameworks and best practices in the gaming sector.
Why Choose This Course?
- Learn how to identify and mitigate money laundering risks specific to gambling.
- Gain a comprehensive understanding of global regulatory requirements, including FATF and EU directives.
- Explore practical tools for customer onboarding, transaction monitoring, and risk management.
- Understand the nuances of online gambling risks, such as false identities, multiple accounts, and PEPs.
- Stay ahead by addressing foresight risks and emerging trends in gambling regulation.
Curriculum
- Essential AML Concepts
- •What is money laundering?
- •How is money laundered?
- •Placement
- •Layering
- •Integration
- •Limitations of the three-stage interpretation of money laundering
- •Identifying suspicious activity
- •Customer due diligence
- •Risk-based approach
- •Money laundering & terrorist financing
- •What is money laundering?
- The Gambling Market – A Summary
- •Land-based gambling:
- •Casinos
- •Betting
- •Lotteries
- •Bingo
- •Arcades
- •Online gambling
- •Mixed media gambling
- •Territorial variations:
- •US & North American markets
- •Europe, Middle East & Africa markets
- •Asia Pacific markets
- •Latin American/Caribbean markets
- •Legal & Regulatory Context:
- •Online gambling
- •FATF and gambling
- •EU market & EU directives
- •UK market within the EU
- •Meeting the aims of regulation
- •Land-based gambling:
- Money Laundering Risks in Gambling
- •Why is the gambling industry attractive to money launderers?
- •Internal risks
- •Customer risks:
- •Identity
- •Falsifying documents
- •Substitution
- •Means of payment risks:
- •Structuring
- •Cash
- •Currency exchange & casino accounts
- •Ticket-In-Ticket-Out (TITO)
- •Product risks:
- •Casino value instruments
- •Gaming machines
- •Low-risk gambling products
- •Peer-to-peer gambling
- •Online risks:
- •False identity
- •Use of third parties
- •PEPs/sanctions
- •Multiple accounts
- •Large amounts
- •Peer-to-peer
- Risk-Based Approach, Culture & Governance
- •Implementing a risk-based approach
- •Assessing ML & TF risks:
- •Risk assessment
- •Root cause analysis
- •Foresight & emerging risk
- •Risk appetite
- •Mitigating ML & TF risks:
- •Culture & conduct
- •Governance
- •Policy
- •Three lines of defence
- •Senior management engagement
- •Training
- •Record keeping & management information
- •Monitoring and quality assurance
- •Remediation
- •Implementing a risk-based approach
- AML in Operation
- •Regulatory context
- •Customer onboarding:
- •Practical tools for customer review
- •Land-based
- •Online
- •Source of wealth / Source of funds
- •Politically exposed and designated persons
- •High-value customer risks
- •Transaction monitoring
- •Maintaining CDD
- •Connected casino cheats and scams
- Market Outlook
- •Foresight risk
- •EU Fifth Anti Money Laundering Directive
- •Responsible Gambling
- •Regulatory overview
- •New territories
- •New products
Enroll today in the Specialist Certificate in Money Laundering Risk in Betting & Gaming and take the lead in mastering compliance strategies for the gaming and gambling industries!
