Select a Casino Anti-Money-Laundering Compliance Solution
Your casino is at risk from both regulatory fines and negative media. Protect your casino by selecting a system to support your anti-money-laundering compliance program.
- Compliance is risk-based, meaning there is no one solution for all casinos. Each casino has to tailor its compliance system to the risks associated with its size, location, regulatory environment, and customers.
- Regulators expect casinos to use all available resources to identify threats, including all available information and the latest technology to capture it.
Our Advice
Critical Insight
- AML compliance requires use of all sources of information. This is an opportunity to gather business intelligence on some of your most valuable customers.
- A casino is a financial institution in the eyes of the regulators. Casinos need to adapt the best practices of banking to the world of gaming.
- Artificial intelligence and machine learning provide a deeper search on high-risk individuals, but they also create false positives that require analysts to resolve.
Impact and Result
- Ensure the IT team understands their roles and responsibilities prior to implementation to help ease the transition into this new system.
- Identify the AML requirements for both know-your-customer (KYC) information and transaction monitoring systems.
- Use the accompanying vendor landscape to evaluate the leading products in the market space according to your particular risk-based scenario.
About Info-Tech
Info-Tech Research Group is the world’s fastest-growing information technology research and advisory company, proudly serving over 30,000 IT professionals.
We produce unbiased and highly relevant research to help CIOs and IT leaders make strategic, timely, and well-informed decisions. We partner closely with IT teams to provide everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.
What Is a Blueprint?
A blueprint is designed to be a roadmap, containing a methodology and the tools and templates you need to solve your IT problems.
Each blueprint can be accompanied by a Guided Implementation that provides you access to our world-class analysts to help you get through the project.
Need Extra Help?
Speak With An Analyst
Get the help you need in this 2-phase advisory process. You'll receive 7 touchpoints with our researchers, all included in your membership.
Guided Implementation 1: Define the current state of AML
- Call 1: Conduct a scoping call.
- Call 2: Conduct a SWOT analysis.
- Call 3: Summarize your risk model.
- Call 4: Identify key stakeholders in your AML program.
Guided Implementation 2: AML vendor evaluation and selection
- Call 1: Review the vendor landscape.
- Call 2: Discuss the best solution based on stakeholder feedback.
- Call 3: Identify requirements.
Contributors
- R. Sheridan K. Smith, IT Executive, Bermuda Monetary Authority
- Kevin Huddleston, Partner, Finley-Cook
- Rachel Loudon, Compliance Manager, Finley-Cook
- Bill Scheib, Gaming Technical Advisor, Citizen Potawatomi Nation
- Ram Patrachari, CIO/VP of Information Technology, Viejas Enterprises
- BJ Bouschor, Vice President of Information Technology, FireKeepers Casino and Hotel
- Jeffery Crisp, Controller, FireKeepers Casino and Hotel
- Michael Bevacqua, Compliance Officer, Seneca Casino