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Gambling sector deemed the industry most at risk of money laundering, new research from LexisNexis Risk Solutions reveals

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1 in 3 (33.3%) anti-money laundering (AML) professionals in the gambling industry believe that their sector is at the highest risk of money laundering, according to a new report from global analytics provider LexisNexis® Risk Solutions. This opinion is shared by 41.9% of professionals in other regulated industries surveyed, who flagged the gambling sector as one of the top three industries most at risk of money laundering.

The report – On the Frontline: The UK’s Fight Against Money Laundering – is based on research conducted by the Economist Intelligence Unit and points to the risk potentially being caused by an internal culture of complacency. Almost 40% (39.2%) of AML professionals in the sector identified complacency as the biggest internal barrier to fighting money laundering. This, coupled with the fact that the same number (39.2%) think UK money laundering regulations are only “somewhat effective” points to a potential financial crime storm ahead for the gambling sector.

The Gambling Commission is acutely aware of the challenge, and in its 2018/19 Enforcement Report noted that it had investigated ‘a number of online casino operators’ found to have breached conditions related to the AML portions of their licences. During the past financial year, the watchdog issued a record £19.6m in penalties against firms who failed to stop money laundering or meet social responsibility obligations, and has warned of further ‘draconian’ actions for those operators who fail to learn lessons from these fines.

Even with this ramping up of enforcement actions, over 40% (41.2%) of respondents believe that the anti-money laundering regulations that they have to comply with are disproportionate to the money laundering threat that they actually face.

Despite a culture of complacency and lack of confidence in the AML regime, gambling firms are pouring money into AML compliance, with a vast majority (82.3%) stating their compliance budgets have increased over the last two years – more so than any other sector surveyed in the report.

A majority of this budget is being allocated to technology aimed at tackling the problem, the research revealed. Over 40% (41.7%) of AML compliance budgets is dedicated to technology at the moment, with over three quarters of respondents (78.4%) expecting funding for technology to increase further over the next five years.

Michael Harris, Director of Financial Crime Compliance and Reputational Risk at LexisNexis® Risk Solutions says:

“The threat money laundering poses to the gambling sector is very real, and this fact is clearly recognised by those working within it too.

The industry needs to take urgent steps to address this growing threat by ensuring that customer due diligence checks are conducted before allowing any gambling activity to begin, and, given the rise in online gambling, should consider embracing digital know your customer (KYC) technologies.

This, along with training teams dealing with customers on the frontline to spot money laundering red flags and adopt a risk-based approach, gives gambling operators the best chance of fighting financial crime and meeting their legal obligations.”

 

About LexisNexis® Risk Solutions

LexisNexis® Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information and analytics for professional and business customers across industries. For more information, please visit risk.lexisnexis.co.uk, and www.relx.com.


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: Gambling sector deemed the industry most at risk of money laundering, new research from LexisNexis Risk Solutions reveals

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.

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Vixio Strengthens Trust and Innovation with ISO 27001 Certification and Next-Generation Workspace Platform

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Vixio, a leading provider of regulatory intelligence and change management solutions, today announced two major milestones: achieving ISO 27001 certification for information security management and launching the latest evolution of Vixio Workspace, the company’s AI-enabled workspace to help compliance teams simplify compliance processes.

Together, these developments demonstrate Vixio’s continued commitment to helping compliance professionals operate with confidence, efficiency, and trust in an increasingly complex regulatory environment.

Stephen Lovell, Chief Product Officer for Vixio, said: “Our clients rely on Vixio to deliver accurate, timely and trusted regulatory intelligence. Achieving ISO 27001 certification and launching our enhanced Workspace platform reflect twin priorities: protecting sensitive information to the highest international standard, and equipping compliance teams with powerful, intelligent tools that simplify regulatory complexity. We’re turning our tried-and-true horizon scanning into simpler horizon planning capabilities.”

ISO 27001 Certification: Reinforcing Trust and Data Security

ISO 27001 is the globally recognised standard for information security management systems (ISMS), awarded to organisations that meet rigorous criteria for managing and mitigating data risks. The certification covers Vixio’s operations, systems and processes used to deliver its intelligence platforms and client services, ensuring robust controls are in place to protect sensitive information.

This milestone follows a series of investments by Vixio to enhance its infrastructure, data governance, and security frameworks, ensuring clients continue to benefit from reliable, secure and industry-leading regulatory intelligence solutions.

Vixio Workspace: Powering Compliance with Intelligence and Automation

Vixio Workspace, launched in 2025, is an AI-enabled, centralised, collaborative workspace that connects compliance and business strategy, enabling teams to integrate regulatory insight with workflow execution, create a fully auditable trail, and streamline both compliance and go-to-market processes. Since its launch, client feedback and growing market demand to simplify compliance processes have fuelled the next phase of its evolution.

 

“We designed Vixio Workspace to bring order to complexity and replace the old-fashioned spreadsheet systems,” added Lovell. “By combining Vixio’s trusted intelligence with secure, evidence-based automation, we’re empowering compliance teams to make faster, more confident decisions.”

Vixio has now expanded the tool with new features to help compliance teams manage regulatory change in one place: 

  • Triage Tool (‘Smart Inbox’): Available now, the Triage Tool (smart inbox) filters thousands of updates to the few that truly affect users, based on their watchlists, regions, and compliance focus. Using machine learning, it surfaces priority regulatory changes unique to each user. 
  • Vixio API: Also available now is a Vixio API, which allows clients to seamlessly connect Vixio’s regulatory intelligence and triage workflow into their own internal tools, dashboards, or compliance systems. This is in addition to Vixio Workspace’s plug-and-play deployment, which is designed for teams who prefer a fast, low-effort set up rather than custom integrations.
  • Requirements Extraction: Finally, coming soon, Vixio Workspace will feature a Requirements Extraction tool that allows users to search, snippet, and save passages directly from regulatory sources and documents to build precise compliance evidence.

These enhancements give compliance professionals a centralised, intelligent platform that saves time, reduces regulatory risk, and adapts as regulations and business priorities evolve.

“My initial reaction to the new Vixio Workspace tool is that I loved it. I think it will solve so many problems for compliance managers and compliance teams, having that single source of truth, having that workflow tool all built into one,” said Anoushka Thompson, Governance, Risk & Compliance Executive.

For these innovations and more, Vixio was recently recognised as a Compliance Solution of the Year at the 2025 International Business Awards and Best RegTech Platform at the FinTech Breakthrough Awards, both awards received for the second consecutive year. These accolades reflect the company’s continued leadership in delivering secure, intelligent, and transformative regulatory technology solutions to its global client base.

The post Vixio Strengthens Trust and Innovation with ISO 27001 Certification and Next-Generation Workspace Platform appeared first on European Gaming Industry News.

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Evolution launches Red Baron, a strategic crash game with soaring multipliers

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Evolution today announced the launch of Red Baron, a new and exhilarating online crash game in which a plane takes off with a winnings multiplier that can climb up to 20,000x. With this soaring prize potential on offer, players must decide whether to set Auto Cash Out, or to time a manual cash-out to perfection, just before the plane and multiplied payout fly away!
Players can stay informed throughout the flight with real-time statistics. These highlight top wins from recent rounds and provide live updates as fellow players cash out, adding a fun, social element of live engagement with other
players.
Red Baron is the third crash game from Evolution and is available in two versions to meet the needs of different markets and jurisdictions: one version comes with a live video stream featuring a red-uniformed game host; the other is a host-free version without the live stream. It follows Evolution’s successful Stock Market and Race Track titles, and is set to further strengthen the brand’s position in the crash genre.
Todd Haushalter, Evolution’s Chief Product Officer, said: “Our roadmaps are full of exciting game concepts and variants the world has never seen before. Red Baron is a great example of such a game. The ‘crash’ games genre is well-established online, but we saw an opportunity here to make the game more social, and also to simplify the gameplay and make it more appealing to a mainstream audience.”
Haushalter added: “I am so proud of how our team created a fun sense of competition between players and made the playing experience incredibly intuitive. I’m confident that both veteran crash players and first-time players will love what we have done with Red Baron. It continues down a path we are pursuing right now of speedier games like Ice Fishing, Stock Market and others, and I think it’s going to be very popular!”

The post Evolution launches Red Baron, a strategic crash game with soaring multipliers appeared first on European Gaming Industry News.

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SiGMA Rome Wrapped: ELA Games Takes the Stage to Share Key Insights

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One of the highlights of the event was Yaroslav Soloshenko, Head of Business Development, taking the stage for a panel discussion titled “Battle For the Bottom Line: Does Product or Marketing Drive Growth.” The session brought together industry leaders from across streaming networks, affiliates, and studios to break down the balance between innovative product development and how they’re marketed.
Sharing Insights on the Global Stage
Yaroslav’s panel participation reflected ELA Games’ rising status as a key thought leader in the industry. He highlighted various challenges and rising trends while providing insightful solutions that have helped propel ELA Games forward.
He emphasised three areas of importance that help studios develop innovation and market to wider audiences: product flexibility, partner alignment, and a deep understanding of local markets when expanding. Yaroslav also pointed out the power that streaming and influencer promotion can have, but only when the content matches the audience’s preferences.
Yaroslav reflected on his panel speakership“Speaking at SiGMA Rome was an opportunity to highlight how growth doesn’t work in isolation — it’s about how well product and marketing can work together. I had the pleasure of demonstrating how ELA Games’ strong product foundations, flexibility, and alignment with partners have allowed us to promote our games effectively and tailor experiences to diverse audiences. The conversation we had on stage reflected that long-term success becomes a formula once studios build adaptable products supported by deep industry knowledge.”
An Emphasis on Partner Value & Sustainable Growth
The ELA Games team shared in-depth conversations with operators, partners, and like-minded innovators to gather new perspectives and future-facing ideas. The team’s approach was one of collaboration and mutual value, which helped develop key relationships moving forward.
These exchanges reinforced the studio’s growth philosophy: player-focused game experiences, partner value, and a focus on positive gaming experiences. The insights gained in Rome will play a role in ELA Games’ roadmap as the studio continues its growth in Europe and beyond.

The post SiGMA Rome Wrapped: ELA Games Takes the Stage to Share Key Insights appeared first on European Gaming Industry News.

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