Compliance & Anti-Financial Crime
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ANALYSIS: The AML and financial crime hazards at the heart of the gaming industry and how to fix them

UK's Gambling Commission slapped a 7.1 million pound ($8.8 million) penalty on online operators 32Red Ltd and Platinum Gaming Ltd, owned by Kindred Group Plc , for social responsibility and anti-money laundering failures, the regulator said on Thursday.

By Federica Taccogna

THE European Gaming and Betting Association (EGBA) recently published Guidelines on fighting money laundering and terrorist financing for the European online gambling sector.

This is not just a very much welcome development, but also a sign that things are changing for (and hopefully in) the gaming and gambling industry.

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