Italian Regulator Debuts New AML Requirements

Italy’s gambling regulator has issued detailed new anti-money laundering (AML) requirements for online and land-based operators as it seeks to curb rising criminal activity.

The guidelines, which were published in draft form earlier this week by the Agency of Customs and Monopolies (AGM), are based on Italy’s transposition of the EU’s 4th Anti-Money Laundering Directive.

They introduce stringent new requirements which will force the industry to tackle a rising fears around money laundering in gambling. In 2017, 2,600 reports of suspicious gamblig transactions were sent to the Italian Financial Intelligence Unit, a 26 percent increase over the previous year.

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