AGA updates AML compliance guidance amid evolving financial crime risks
The new framework introduces expanded guidance on cryptocurrency, online activity and human trafficking risks for operators.
Key points:
– Revised AML guide adds new sections on KYC, SARs and risk assessments
– Expanded focus on digital wallets, cryptocurrency and online fraud activity
– Dedicated section highlights human trafficking links to money laundering
The American Gaming Association (AGA) has issued an updated version of its Best Practices for Anti-Money Laundering (AML) Compliance Guide, adding new measures designed to reflect recent regulatory expectations, technological changes and emerging threats.
The revised document expands guidance on Know Your Customer (KYC) protocols and Suspicious Activity Report (SAR) filings, while also introducing a new section on risk assessments.
Other updates include broader coverage of fraud risk, new typologies and red flags for identifying illicit behaviour and a dedicated section on human trafficking risks associated with money laundering.
Alex Costello, VP of Government Relations at the AGA, said: “Maintaining up-to-date AML policies is essential to safeguarding the gaming industry’s operations, employees and customers, and to protecting the integrity of the US financial system. We encourage all casino operators and suppliers to use this resource to continually refine their practices as both the industry and threat environment change.”
Good to know: In August, the AGA reported that Americans wager an estimated $673.6bn annually with illegal operators, costing state governments $15.3bn in lost tax revenue
The update comes against a backdrop of industry expansion. Since the previous revision in 2022, the US market has grown to more than 1,000 land-based casinos, while 10 states have legalised sports betting and one has launched legal iGaming.
The AGA said this growth has increased the need for robust compliance systems across both online and land-based operations.
The association highlighted that regulated operators are continuing to work with law enforcement and regulators to adapt compliance systems as risks evolve. The inclusion of cryptocurrency and digital wallets in the new guidance reflects its growing role in both legal transactions and illicit finance.
The AGA described the updated guide as a resource to help operators respond to changes in criminal typologies and maintain alignment with federal enforcement priorities.
The publication marks the latest in a series of reports and frameworks issued by the association, following its August black market study and its annual revenue report earlier this year.
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