The AGA’s Best Practices for Anti-Money Laundering Compliance are the result of more than a year of work to identify and enhance industry guidelines, which were developed in coordination with the Financial Crimes Enforcement Network (FinCEN).
The Best Practices illustrate the industry’s commitment to a strong culture of compliance. They distill the procedures that a wide range of casinos have adopted across critical issues including customer due diligence, transaction monitoring and employee training. Notably, the document also sets forth a series of “red flags” that are specifically tailored to the gaming sector. Individual casinos have implemented a range of measures and guidelines that aim to prevent, detect and report efforts to present illicit funds at casinos.