American Gaming Association has released its latest report, praising the US casino industry’s level of compliance with anti-money laundering legislation.

The 40 page dossier, entitled ‘Investing in America’s Financial Security: Casinos’ Commitment to Anti-Money Laundering Compliance’ has been published in partnership with Ernst & Young, and offers a robust defence of US casinos’ dedication to AML fulfilment since the last Financial Action Task Force (FATF) Mutual Evaluation in 2006.

The report reveals that US casino and gambling organisations are more ‘invested, compliant and vigilant than ever before in combating money laundering and terrorist financing.’

Over the past five years 68% of gaming companies have increased their AML compliance budget, by an average of 74%. 65% of gaming companies plan to increase their AML budget further, including additional full time hires, in the coming fiscal year.

Also on the rise are Suspicious Activity Reports (SAR) filings, which have risen 164% between 2011 and 2014.

The next FATF Mutual Evaluation, a detailed study looking into money laundering and terrorist financing risks across multiple financial industries, is due to be released later this year.