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MON10 - Gaming Spotlight: Best AML Practices to Manage Patron-Related Risks


‐ Sep 25, 2017 11:45am

• Verifying patron identity with required documents and creating risk profiles based on factors such as country of residence, negative news reports and possible PEP ties

• Conducting due diligence on high-volume patrons to assess source of funds and spot red flags such as ties to shell firms and unusually large increases in gaming activity

• Mitigating risks by formalizing protocols for patron payout systems, investigating potential structuring, filing SARs and terminating patron relationships as warranted