Sigma Risk Masterclass - AML Risk Management in Gaming & Gambling

Sigma Risk Masterclass – AML Risk Management in Gaming & Gambling

£249.00

Delegates will learn sector-specific financial crime risks within gaming & gambling, gain a thorough understanding of key regulatory requirements, and the skills required to effectively identify and mitigate the financial crime risks. The course content, carefully designed by leading subject matter experts focused on fighting financial crime within the gaming & gambling sector, will offer invaluable insights into developing an effective risk-mitigating framework within the gaming sector.

Course Instructor is an experienced MLRO with over 10 years of experience in the gambling industry. The instructor’s profile shall be shared with all registered delegates and made available on demand.
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Description

Empowering Professionals Against Financial Crime in Gaming and Gambling

Money laundering risks in the gambling sector are not restricted to operators; they also extend to all service providers. With increasingly substantial amounts of money flowing through online casinos, match fixing and peer-to-peer gambling services, it is important that the money laundering risks are recognised, and action taken to mitigate those risks. Controls need to address the risks inherent to the online space and be flexible enough to respond to emerging threats.

Criminal activity, weak compliance programs, and subsequent news of enforcement action by regulators can elevate reputational risk to the gambling industry. Penalties, sanctions, loss of operating licenses, and damage to organisational reputation.

Why take this course?

The Sigma Risk AML Risks in Gambling & Gaming Masterclass is designed to raise awareness with our clients in this sector, both regulators and regulated firms, with the necessary knowledge, methodology, and skills required to effectively address the financial crime compliance risks with the relevant stakeholders. Thereby ensuring compliance with legal and regulatory requirements.

Course Outline

  • Takeaways from the EU AML Regulation
  • Fundamentals of financial crime in gaming
    • Licensing conditions
    • Understanding AML Risk Factors
      • Licensable gaming products
      • Common payment instruments
      • Gaming jurisdictions
  • Building an AML Toolkit
  • Embedding AML into the business
    • Changing Company culture
    • Working with the board of directors
    • Building AML workflows
    • 2-way Due Diligence with Business partners
  • Managing your AML program
    • Understanding PEP/sanctions/adverse media screening
    • Transaction monitoring
    • Record keeping
    • The role of regtech
    • Awareness training
  • Bringing it together in a solid business risk assessment
  • Preparing for an audit

Additional information

Details

Date: 09 February 2025
Time: 08:30 GMT
Duration: 3.5 hours
Assessment

Timed assessment via 10 MCQ based questions. Delegates need to achieve at least 70% marks to pass the assessment.
Certification

Upon passing the assessment, delegate shall be issued a digital certificate for completing Sigma Risk Masterclass in Gaming & Gambling. Sigma Risk certificates are issued utilising blockchain technology and can be verified for authenticity by regulators, employers and any member of public through a "Authentication QR Code" embedded on each Sigma Risk certificate.
Note

Once a delegate has enrolled for a Sigma Risk Masterclass, we are unable to process any refunds of fee payment. In exceptional circumstances, we may be able to offer an alternative date to attend a Sigma Risk Masterclass should a delegate not be able to attend the masterclass they have initially enrolled to attend.
Discounts

Group booking discounts are available. Please contact our support team via email (info@sigmarisk.uk) to discuss multiple-bookings discount.