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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.

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Without an AML compliance solution, the casino runs the following risks:

  • Incur punitive fines
  • Suffer damage to reputation
  • Abet terrorist activity and human trafficking

Implementing an AML compliance solution results in the following benefits:

  • Overcome staffing and process limitations
  • Reduce the friction that compliance puts on the customers' gaming
  • Scale to regulatory demands in the future

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Onsite Workshops offer an easy way to accelerate your project. If you are unable to do the project yourself, and a Guided Implementation isn’t enough, we offer low-cost onsite delivery of our Project Workshops. We take you through every phase of your project and ensure that you have a road map in place to complete your project successfully.

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Module 1: Identify Project Drivers

The Purpose

  • Identify the project drivers and challenges for your AML project.

Key Benefits Achieved

  • A 360-degree view of IT stakeholders
  • Clear understanding of the criteria to measure success for AML compliance

Activities: Outputs:
1.1 Assess your current AML compliance challenges and project drivers.
  • An assessment of the importance of the project in the context of the larger organization
1.2 Conduct a thorough analysis, including SWOT, as an early step to charting your AML compliance project.

Module 2: Define the Current State of AML Compliance

The Purpose

  • Review the current risk profile of the casino for money laundering.

Key Benefits Achieved

  • Clear understanding of the current state of the AML program

Activities: Outputs:
2.1 Review the structure of your casino’s AML risk model.
  • A summary of current risk model

Module 3: Identify Current Limitations and Pain Points

The Purpose

  • Gain an understanding of the pain points and limitations with the current AML processes.
  • Seek out ways for IT to support the AML program.

Key Benefits Achieved

  • Buy-in from the AML stakeholders for IT’s involvement
  • Clear understanding of the high-level requirements for the AML program

Activities: Outputs:
3.1 Conduct interviews with the stakeholders involved with key processes in the AML program.
  • An overview of the current AML system
  • Understanding of the challenges the stakeholders face in successfully implementing the program requirements
  • The opportunities for IT to support the existing processes and resolve any outstanding limitations of the current program
3.2 Establish metrics to measure success in both AML compliance and in the project of selecting an IT solution for the program.
  • A list of metrics to measure the success of the project and program

Module 4: Assess the AML Vendor Landscape

The Purpose

  • Consider and understand the AML solution decision tree.
  • Review the AML vendor landscape.

Key Benefits Achieved

  • Understanding of AML vendor profiles and use cases for KYC and transaction monitoring solution providers

Activities: Outputs:
4.1 Create initial vendor shortlist.
  • Shortlist of a maximum of three or four potential AML RFP participants

Module 5: Conduct AML Requirements Gathering

The Purpose

  • Conduct AML requirements gathering.

Key Benefits Achieved

  • Alignment between your organization’s key AML solution requirements and those of the shortlisted vendors

Activities: Outputs:
5.1 Conduct requirements and specifications gathering to identify optimal components of an AML solution.
  • Requirements and specifications of the target AML solution

Module 6: Create an AML RFP

The Purpose

  • Create an RFP to submit to AML vendors.

Key Benefits Achieved

  • Method to convey your AML program requirements to vendors while following the proposal and procurement steps set by your organization

Activities: Outputs:
6.1 Create an RFP to submit to AML vendors.
  • Completed AML Solution RFP Template to document and communicate your AML solution requirements to vendors
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