[Webinar] Anti-money laundering: Guidelines and best practices for Europe’s online gambling sector
06.04.2023
Wednesday 26 April, 11.00 – 12.00 CEST
As the methods and sophistication of financial crime continues to evolve, anti-money laundering (AML) practices and rules are becoming ever more important for Europe’s online gambling sector.
With high-profile money laundering scandals grabbing media headlines across Europe in recent years, the EU has responded with a wholescale review of its regulatory framework for AML to reinforce the implementation of its rules by member states.
In parallel to this, member states are also stepping up their efforts and oversight for all obliged entities, including online gambling operators, to ensure they meet the highest levels of AML compliance and prevent the proceeds of crime from being laundered through their operations.
To help Europe’s online gambling operators navigate these challenges, the European Gaming and Betting Association (EGBA) has recently published a set of best practices on AML. The guidelines provide practical advice on how operators should handle issues such as customer and business risk assessments, customer diligence procedures, suspicious transaction reporting, record keeping, crypto payments, and other crucial areas which require strict AML compliance.
** This webinar has already taken place and a full video recording can be found here.
Topics to be discussed:
- The challenges and solutions that online gambling operators need to work on in relation to compliance: how can EGBA’s new guidelines help in the fight against money laundering?
- Industry responsibility and its role: how can online gambling operators show their commitment to fighting money laundering?
- Developments in self-regulation and regulation: how can all actors in the fight against money laundering work together?
- The de-risking concerns of banks and other stakeholders: how can online gambling operators address these in the context of the risk-based approach?
- Cryptocurrency: what should be the industry approach?
** This webinar has already taken place and a full video recording can be found here.
Confirmed speakers:
- Fredrik Lindquist, Investigator, Swedish Gambling Authority (Spelinspektionen).
- Antonio Abdilla Zerafa, Head of Financial Crime Compliance, Malta Gaming Authority (MGA).
- Adriana Minović, Director of Compliance and DPO, Betsson Group.
- Piotr Lisak, AML Governance Officer, (D)MLRO for Netherlands, France and Romania, Kindred Group.
- Moderator: Dr Ekaterina Hartmann, Director of Legal and Regulatory Affairs, EGBA.
About EGBA
The European Gaming and Betting Association (EGBA) is the Brussels-based trade association representing the leading online gambling operators established, licensed, and regulated within the EU, including bet365, Betsson Group, Entain, Flutter, Kindred Group, and William Hill. EGBA works together with national and EU authorities and other stakeholders towards a well-regulated and well-channelled online gambling market which provides a high level of consumer protection and takes account of the realities of the internet and online consumer demand. EGBA member companies meet the highest regulatory standards and, in 2021, had 225 online gambling licenses to provide their services to 29,8 million customers across 21 different European countries. Currently, EGBA members account for 33% of Europe’s online gambling gross gaming revenue (GGR).
