ICA Specialist Certificate in Money Laundering Risk in Betting and Gaming

Why Attend

Whether you work in the betting and gaming industry or have a customer that does, this course will help you get to grips with money laundering risks associated with this sector and how these risks can be mitigated. An affordable, online course allowing you to study in your own time and at your own pace. Within one to three months, you can certify your specialist knowledge in this area by gaining an ICA Certificate awarded in association with Alliance Manchester Business School, the University of Manchester.

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Course Objectives


  • In addition to the essential concepts of AML and CTF, you will also cover the following areas:
  • Essential AML concepts
  • The gambling market- a summary
  • Money laundering risks in gambling
  • Risk based approach, culture & governance
  • AML in operation
  • Market outlook


Target Audience


• Compliance, AML and financial crime officers
• Money laundering reporting officers
• Managers responsible for internal compliance controls
• Internal and external audit staff
• Company secretaries
• Legal practitioners and support staff
• Accountants

Essential AML Concepts

  • What is money laundering
  • How is money laundered?
  • Placement
  • Layering
  • Integration
  • Limitations of the three-stage interpretation of money laundering
  • Identifying suspicious activity
  • Customer due diligence
  • Risk based approach
  • Money laundering & Terrorist financing

 

The Gambling Market – A Summary

  • Land based gambling
  • Casinos
  • Betting
  • Lotteries
  • Bingo
  • Arcades
  • Online gambling
  • Mixed media gambling
  • Territorial variations
  • ⸰ US & North American markets
  • ⸰ Europe, Middle East & Africa markets
  • ⸰ Asia Pacific markets
  • ⸰ Latin American/Caribbean markets
  • Legal & Regulatory Context
  • Online gambling
  • FATF and gambling
  • EU market & EU directives
  • UK market within the EU

 

  • Meeting the aims of Regulation

 

Money Laundering Risks in Gambling

  • Why is the gambling industry attractive to money launderers?
  • Internal risks
  • Customer risks
  • Identity
  • Falsifying documents
  • Substitution
  • Means of payment risks
  • Structuring
  • Cash
  • Currency exchange & casino accounts
  • Ticket-In-Ticket-Out (TITO)

 

  • Product risks
  • Casino value instruments
  • Gaming machines
  • Low risk gambling products
  • Peer to peer gambling
  • Online risks
  • False identity
  • Use of third parties
  • PEPs/sanctions
  • Multiple accounts
  • Large amounts
  • Peer to peer
  • Use of accounts

Risk Based Approach, Culture & Governance

  • Implementing a risk based approach
  • Assessing ML & TF risks
  • Risk assessment
  • Root cause analysis
  • Foresight & emerging risk
  • Risk appetite
  • Mitigating ML & TF risks
  • Culture & conduct
  • Governance
  • Policy
  • Three lines of defense
  • Senior management engagement
  • Training
  • Record keeping & management information
  • Monitoring and quality assurance
  • Remediation

Step 1: Select Prefered Schedule


Date Fee (GHS)

Step 2: Choose Registration Type