RGA publishes – Online Gambling: ‘Anti-Money Laundering Guidelines’

Clive Hawkswood
Clive Hawkswood – RGA

The Remote Gambling Association (RGA), has today published the Second Edition of its publication, ‘Anti-money laundering: Good practice guidelines for the online gambling industry’.

The RGA guidelines are designed to help licensed online gambling companies combat the threat of money laundering and terrorist financing in a consistent and effective manner.

The document  covers key areas such as the application of a risk-based approach; due diligence processes; and internal controls.

Commenting on the publication Clive Hawkswood, the RGA’s Chief Executive stated;

‘Our first edition of these guidelines was well received and, more importantly, provided a useful tool for companies in the online gambling industry.   In this Edition we have, among other things, sought to anticipate some of the changes that will flow from implementation of the EU’s 4th AML Directive.  We will keep the guidelines under review so that they continue to reflect any new developments.’

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