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.
Book NowModule 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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