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Gaming Group Outlines AML Expectations Ahead of FinCEN Guidance
By Kira Zalan
printAhead of the issuance of expected federal guidance, a top lobbying group for America's casinos Thursday outlined how the gaming industry should best shield itself from money launderers. In 17-page guidance on industry best practices, the Washington, D.C.-based American Gaming Association (AGA) said that casinos must assess the risks of politically-tied gamblers, monitor patron behavior for signs of suspicious behavior and train a host of workers, from cage employees to senior management, on their anti-money laundering (AML) duties. Casinos should also take preventative steps, including possibly limiting the ability of gamblers to quickly cash out at slot machine kiosks, barring...
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