Inside Asian Gaming

IAG MAY 2023年5月 亞博匯 46 Most operators in Macau have either ceased or dramatically wound back collaborations with junkets. 澳門的大多數營運商已經停止 或大幅減少與博彩中介人的 合作。 COLUMNISTS A n t i - m o n e y laundering (AML) is a major aspect of effective casino control. Casinos and online gaming are generally considered by law enforcement and gaming regulators to be vulnerable to money laundering. Several countries in Southeast Asia have been on the “grey list” of money laundering countries, including Cambodia, Laos and the Philippines. This article will discuss the worldwide effort to combat money laundering in the gaming industry and highlight some of the key issues that land countries on the grey list. Numerous jurisdictions have enacted laws and regulations and published guidance regarding AML and Combatting the Financing of Terrorism (CFT) compliance by the gaming industry. Historically, the primary focus of those efforts has been directed at land-based casinos where players are physically present and where there are significant internal controls in place with respect to the opening of accounts, cash management and record-keeping. With respect to online sports betting and online gaming, regulations and guidance related to AML/ CFT are more limited, although the significant global expansion of online gaming has attracted considerable attention from regulatory and law enforcement authorities. The Financial Action Task Force (FATF), the global AML watchdog based in Paris and comprising more than 200 countries and jurisdictions, sets international standards aimed at preventing money laundering, terrorist financing and the