AGA boss defends legal operators AML efforts in WSJ letter

American Gaming Association (AGA) CEO Bill Miller has responded to suggestions that online gambling may lead to a rise in money laundering

American Gaming Association (AGA) CEO Bill Glenn Miller has responded to suggestions that online gambling may atomic number 82 to a rear in money laundering.

In a missive published by the Wall Street Journal (WSJ), Arthur Miller defended effectual operators’ anti-money laundering (AML) efforts spell criticising their illegal, seaward counterparts.

This came in response to an earliest WSJ clause entitled “Online Betting Spurs Laundering Risk,” which suggested that a rise inward online gambling may guide to a commensurate increase inwards money laundering.

The article’s author, Richard Vanderford, wrote: “Traditional cassino play has long been acknowledged as a risk for money laundering […] Online play presents similar issues, but with fewer watchful eyes.”

He goes onto argue that, when compared to the UK and other jursidictions, the US has non experienced a “major enforcement push.”

However, Miller rejected this suggestion, and said Vanderford’s article “grossly mischaracterises the American gaming industry’s material anti-money laundering efforts.”

“AML commitments experience grown along with the industry, and include programmes to varan for financial anomalies, stringent screen background investigations to obtain and continue a gaming licence, highly trained compliance professionals and millions of dollars spent on technology that enhances Know Your Customer efforts,” wrote Miller.

He said Vanderford’s clause conflated sound operators and “those who skirt the law,” for whom he reserved considerable disdain.

“They’re an undetermined door for criminals, and thither is no more shoes for a predatory, unregulated gambling securities industry in the US,” Glenn Miller continued.

“Legal gaming aggressively combats financial criminal offense and helps law enforcement engage offenders. Every year, gaming operators help investigations by filing tens of thousands of ‘suspicious activity reports’ with the Treasury obligations Department.”

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