FinCEN Director Urges AML Compliance In Sports Betting

U.S. authorities have urged casino operators and their compliance officers to focus on how the industry can integrate sports betting and online gaming into their existing anti-money laundering (AML) policies as the industry adapts to more states legalizing wagering on games.

“Sports betting, and other mobile gaming services run through your casino, are no different than other products and services,” said Kenneth Blanco, director of the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN).

Blanco reminded casino operators and sports-betting companies at a conference earlier this week that his agency expects them to monitor their wagering operations for suspicious activity, including via mobile wagering. 

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