Vixio's Anti-Money Laundering Comparative Tool: Assessing AML Requirements Across the North American Gambling Landscape

Mackenzie Joyce

|

September 3, 2024

Vixio has launched a new tool that provides organisations with a clear and concise picture of anti-money laundering requirements for online gambling across North America in a simple, easy-to-read format.

Why the need for an Anti-Money Laundering Comparative Overview Tool now?

The online gambling industry in North America continues to mature and evolve with the emergence of new technology and digitalisation. As the online gambling sector grows, and inevitably introduces more customers and more transactions, it is crucial for organisations to embrace a culture of anti-money laundering compliance.

A recent uptick in global anti-money laundering enforcement action serves as a warning for North American operators and those invested in such operations. In H1 2024, Vixio noted 24 enforcement actions regarding anti-money laundering violations, as well as 11 such enforcement actions in H2, including an A$67m fine in Australia.

In January 2024, the U.S. Attorney's Office for the Central District of California announced a combined $7.45m settlement agreement with MGM Grand and The Cosmopolitan of Las Vegas casinos to resolve an investigation into alleged money laundering and violations of the Bank Secrecy Act. Additionally, the Financial Crimes Enforcement Network (FinCEN) continues to pursue enforcement activities over anti-money laundering violations involving casinos. Although FinCEN and other regulators have yet to extend this pursuit to online gambling, Vixio’s customers can use the comparative overview tool to ensure proactive compliance and mitigate regulatory risk.

How does the Anti-Money Laundering Comparative Overview Tool work?

Vixio’s Anti-Money Laundering Comparative Overview Tool covers mandatory anti-money laundering requirements at the state and provincial level across North America applicable to online gambling. Customers can easily scan and compare requirements, as well as access the direct link for all requirements and the relevant legal citation, via a comprehensive table format. 

The table currently covers nine key iGaming jurisdictions and 31 key online sports betting jurisdictions, including:

  • Connecticut
  • Delaware
  • Michigan
  • New Jersey
  • Nevada
  • Ontario
  • Pennsylvania
  • Rhode Island
  • West Virginia
Want to know more?

Vixio customers with access to the North America region are able to access these tools and see the exact references to the regulations or laws. If you're a Vixio customer, log in now and start exploring the Anti-Money Laundering Comparative Overview Tool.

Not yet a customer?

Get in touch or book a demo to speak to a member of the team about your partnership with Vixio, and discover what else you’re missing out on. In the meantime, download your handy AML datasheet and share with the people who need to know. 

Book a Demo

What our clients say

"Vixio Regulatory Compliance offers excellent legal and regulatory analysis and provides us with a trustworthy, organised and credible single source solution, which keeps us ahead of the game."

888.com

CEO

"Vixio GamblingCompliance is an invaluable source of regulatory information, making it an excellent tool for the gambling industry. The quality of analysis is unmatched and the ease of use searching for topics, regions and themes makes it very simple to identify relevant stories."

Morgan Stanley

Senior Researcher

"Vixio GamblingCompliance is crucial to keeping a finger on the pulse of gambling regulation. Accessing a single, credible source of information and news helps us efficiently evolve our systems to align with regulatory developments."

PayPal UK

Head of Risk Management

"Hands down one of the most unique full suite sources of this subject matter anywhere."

UnionPay International

Managing Counsel

"The ever-increasing change coming from various regulators in different territories makes Vixio Regulatory Intelligence a must for a compliance team at a business like ours."

Truevo

Head of Legal & Compliance

"Using Vixio PaymentsCompliance gives us a comprehensive view of the critical changes in regulation in our key markets, and reduces our business resource requirement which saves us on average £100k per annum, we wouldn't be without it!"

Well known e-money company

Regulatory Compliance Team Lead

Download Brochure

Insights and intelligence for some of the world’s biggest brands

Still can’t find what you’re looking for? Get in touch to speak to a member of our team, and we’ll do our best to answer.