AML regulations and scrutiny are increasing for gaming operators. Fines imposed in Europe last year notched a new record, surpassing £40 million. Organisations are forced to adapt, protect and grow their business in a challenging environment. Will your business pass regulatory scrutiny?
At FTI Consulting, we understand the many challenges and opportunities that the industry faces. Our experts bring a global and business-centric perspective to gaming clients. We draw upon our extensive experience of the European and global gaming industry. We serve the leading organisations in both the traditional and online market, as well as the regulators.
The Direction of Travel
The financial services industry has followed a similar trajectory. Following international scrutiny, and criticism for a somewhat lenient approach, regulators have flexed their muscles in particular in relation to AML, affordability and responsible gambling.
Several gaming regulators, including the Gambling Commission in the UK, have openly demonstrated this through recent warning letters to industry and increasing enforcement action.
We have seen operators underestimate the depth and breadth of regulatory scrutiny during compliance visits and licence reviews. But we also know what regulators expect to see in place and can help you achieve it.