AML compliance

AML compliance, or Anti-Money Laundering compliance, is a crucial aspect in the casino and gaming industry, designed to prevent the illegal flow of money and financial crimes. This set of regulations mandates that businesses implement robust procedures to identify, monitor, and report suspicious activities that could indicate money laundering or terrorist financing. Casinos must adhere to stringent policies, including customer verification, transaction monitoring, and regular reporting to authorities, to ensure they do not inadvertently facilitate criminal activities. Proper AML compliance safeguards the integrity of financial systems and helps maintain the trust of players and regulatory bodies alike.