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.
RETIRED CONTENT
Please note that the content on this page is retired. This content is not maintained and may contain information or links that are out of date.Without an AML compliance solution, the casino runs the following risks: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
Book Your Workshop
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.
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. |
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| 1.2 | Conduct a thorough analysis, including SWOT, as an early step to charting your AML compliance project. |
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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. |
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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. |
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| 3.2 | Establish metrics to measure success in both AML compliance and in the project of selecting an IT solution for the program. |
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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. |
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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. |
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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. |
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