The UK Gambling Commission imposed more than £33m in fines for money laundering related offences in 2020. These fines show how anti-money laundering (AML) has become one of the most pressing regulatory areas for gambling firms in the UK and all major jurisdictions. Failure to comply with AML regulations could result in irreparable damage.
Under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, organisations are required to regularly train employees in how to recognise and deal with transactions and other activities or situations which may be related to money laundering or terrorist financing.
The objective of our AML course is to help you understand the consequences of money laundering and terrorist financing, including details of the principles embedded in UK laws and regulations to combat money laundering. By working through realistic business case scenarios, you will be able to apply systems and controls designed to manage the risks related to these activities.
This course has been created for both land-based and online operators and is suitable for those in compliance, legal and management roles.
Key Learning Objectives
“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