In 2020 gambling companies globally had to pay more than £44m in fines, over half of this (£33m) was imposed by the UK Gambling Commission (UKGC) for money laundering related offences. In the first quarter of 2021, the UKGC has already imposed more than £10m in fines for further anti-money laundering failures. These fines show how AML has become one of the most pressing regulatory areas for gambling firms in all major jurisdictions. Failure to comply with AML regulations could result in irreparable damage.
The objective of our Anti-Money Laundering (AML) Primer course is to provide employees with an understanding of money laundering, the vulnerabilities and the legal obligations to help prevent and detect money laundering.
This course contains no specific rules and regulations so can be used as an introductory level course for all employees globally.
Key Learning Objectives
By the end of this course you will be able to:
“We have partnered with VIXIO to provide eLearning as part of our wider internal training programme to maintain our high AML standards. This allows us to reinforce our culture of compliance and not only meet, but exceed, AML obligations. The courses are graded so the level of training can be provided on a risk basis, depending on the role. The service is easy to manage and the team are always on hand to help.”
Money Laundering Reporting Officer, Online Casino