Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)
728x90 banner available here

Latest News

American Gaming Association Updates Anti-Money Laundering Best Practices, Reinforces Industry Commitment to AML Compliance

Published

5 years ago

on

American Gaming Association Updates Anti-Money Laundering Best Practices, Reinforces Industry Commitment to AML ComplianceReading Time: < 1 minute

 

The American Gaming Association (AGA) released updated Best Practices for Anti-Money Laundering (AML) Compliance , which reflect the industry’s leading commitment to compliance and guide casinos’ efforts to protect the U.S. financial system from money laundering and other forms of illicit finance.

In 2014, gaming became the first industry to collectively establish a comprehensive set of best practices for AML compliance. The Best Practices and AGA’s Bank Secrecy Act compliance efforts have been commended by the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN).

Based on FinCEN’s guidance and enforcement action takeaways, the Treasury Department’s National Money Laundering Risk Assessment, and the Office of Foreign Assets Control’s updated compliance guidelines, the updated Best Practices contain a more robust risk assessment section, as well as enhanced Know Your Customer/Customer Due Diligence measures.
“As one of the most highly regulated industries in the United States, it is imperative we take every possible step to discourage illicit behavior and safeguard the integrity of the casino industry,” said Bill Miller, president and CEO of the American Gaming Association. “Through our ongoing partnership with FinCEN, the Treasury Department, and law enforcement, our industry continues to be a leader in compliance.”

Additional updates to the Best Practices include:

  • A continued commitment to a strong culture of compliance and the importance of industry engagement with government and law enforcement.
  • A deepened analysis and updated recommendations regarding new and emerging forms of gaming, including the expanding U.S. sports betting market and interactive (mobile) gaming.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: American Gaming Association Updates Anti-Money Laundering Best Practices, Reinforces Industry Commitment to AML Compliance

Related Topics:

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Continue Reading
Advertisement
Prague Gaming & TECH Summit 2025 (25-26 March)
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Latest News

BE WARNED: SCAMMERS POSING AS PAGCOR OFFICIALS

Published

19 minutes ago

on

February 25, 2025

By

Reading Time: < 1 minute

The Philippine Amusement and Gaming Corporation (PAGCOR) today warned the public about an alarming scam operation in which fraudsters are impersonating its top executives to deceive individuals and businesses.
The state gaming agency said several individuals and business owners have complained that they received fraudulent Viber messages that falsely claim to be from Chairman and CEO Alejandro H. Tengco and President and COO Wilma Eisma.
Scammers are using mobile numbers maliciously registered under the top executives’ names, specifically +63951-7359836 for Mr. Tengco and +63938-2857343 for Ms. Eisma to contact potential victims.
“We urge the public to exercise caution and avoid engaging with any unsolicited messages that appear to come from PAGCOR executives,” Mr. Tengco said.
“These fraudulent schemes pose a serious risk to the public; hence, we ask everyone to be vigilant and immediately report any suspicious messages to the authorities, especially those that promise financial windfalls,” the PAGCOR chief added.
Mr. Tengco advised individuals to verify any communication they receive through its official website and other legitimate communication platforms such as PAGCOR’s official trunkline numbers +632 8521-1542 / +632 8522-0299.
Earlier, Mr. Tengco also warned the public against a website that purports to issue gaming licenses and accreditations using fake forms and bogus content.

The post BE WARNED: SCAMMERS POSING AS PAGCOR OFFICIALS appeared first on European Gaming Industry News.

Continue Reading

Latest News

MiFinity Brings Apple Pay to Simplify Payments and Enhance User Experience to its customers

Published

1 hour ago

on

February 25, 2025

By

Reading Time: < 1 minute

MiFinity, a leading global payment services provider, today announced the integration of Apple Pay into its mobile app. This strategic enhancement simplifies transaction processes and provides customers with a seamless payment experience.
With Apple Pay supported on MiFinity, customers can enjoy even more user-friendly controls that facilitate and simplify day-to-day transactions. The main highlights are the convenience and speed of transactions, as depositing funds into the MiFinity eWallet can be done in just a few taps.
Privacy and security will always be fundamental values in financial services. By leveraging Apple Pay’s robust authentication methods (including Face ID, fingerprint, and passcode), MiFinity ensures payment card details remain private, enhancing security and privacy for users.
This new feature benefits consumers and merchants. Simplified and faster payment processes improve conversion rates and the overall user experience for MiFinity customers.
Paul Kavanagh, CEO of MiFinity, commented:
“This milestone reflects our ongoing commitment to listening to feedback from our partners and customers. By integrating Apple Pay, we can offer a tailored, forward-thinking solution. We also look forward to launching Google Pay soon, extending similar benefits to Android users.”

The post MiFinity Brings Apple Pay to Simplify Payments and Enhance User Experience to its customers appeared first on European Gaming Industry News.

Continue Reading

Latest News

MightyTips nominated for the SiGMA Africa Awards 2025 as the Best Sportsbook Affiliate

Published

1 hour ago

on

February 25, 2025

By

Reading Time: 2 minutes

MightyTips has been shortlisted for the SiGMA Africa Awards 2025 in the Best Sportsbook Affiliate category. The award ceremony will occur in Cape Town, South Africa, on March 10, 2025.

This award highlights and recognises affiliates who successfully drive traffic to online sportsbooks, provide additional insight for sports bettors, and create meaningful collaborations that help boost engagement for all parties.

MightyTips will compete for the Best Sportsbook Affiliate award against industry titans such as Flashscore and Sofascore, among other contenders. A total of 24 awards will be handed out throughout the evening.

MightyTips highlights

The nomination follows a year of growth for the online sports portal. MightyTips provides comprehensive bookmaker reviews and daily free football tips and predictions across various leagues and tournaments, including the English Premier League, Spanish La Liga, and UEFA Champions League, which are highly popular with African audiences. The platform generates consistent African traffic, with Ghana, Kenya, South Africa, Nigeria, and Uganda being the biggest sources.

In 2024, MightyTips expanded its portfolio of multilingual sites to 18 and launched the MightyQs interview series, which illuminates partnerships between sportsbooks and high-profile sports organisations and personas. The latest instalment explores MelBet’s role as the Juventus FC’s Official Regional Partner in Africa and the Middle East.

Another highlight of the year came in September 2024 as MightyTips ambassador, an undefeated pro boxer Jevgenijs “The Hurricane” Aleksejevs claimed the IBO European Middleweight Championship belt, helping to improve the brand’s visibility among sports fans.

Eugene Ravdin, Head of Communications and Marketing at MightyTips, said: “We are thrilled to be nominated for the Best Sportsbook Affiliate at the SiGMA Africa Awards. We are working hard to reach African bettors and are delighted to receive recognition. It is great to see our work and proactive approach rewarded. We cannot wait to represent MightyTips at the ceremony in Cape Town.”

The post MightyTips nominated for the SiGMA Africa Awards 2025 as the Best Sportsbook Affiliate appeared first on European Gaming Industry News.

Continue Reading

Trending

EEGaming.org is part of HIPTHER, parent brand of various prominent news outlets and international conferences. These platforms and events span a wide range of industries, including Entertainment, Technology, Gaming and Gambling, Blockchain, Artificial Intelligence, Fintech, Quantum Technology, Legal Cannabis, Health and Lifestyle, VR/AR, eSports, and several others. This indicates that EEGaming.org is part of a larger network that focuses on a diverse array of sectors, particularly those related to cutting-edge technology and modern lifestyle trends.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2025 HIPTHER. All Rights Reserved. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.