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AML for casinos refers to a group of processes and controls that gaming companies use to forestall and battle money laundering, terrorism financing, and different monetary crimes. This generally includes KYC, which comes inside the CDD program mandated by authorities. Get sturdy AML Solutions to ensure the safety and privateness protection of your small business from money laundering by way of casinos.

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Casinos are required to adjust to AML regulations in their jurisdiction. This contains measures such as customer due diligence, reporting suspicious transactions, and maintaining accurate records of transactions. One commonplace methodology is smurfing or structuring, where massive transactions are damaged down into several smaller ones to evade detection.

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