Current AML laws worldwide oblige holders of a casino operating licence to have verification systems and procedures such as Namescan in place in order to prevent money laundering. The failure to do so constitutes a criminal offence.
Casinos must apply appropriate risk-based policies and procedures to prevent money laundering and terrorist financing under AML/CTF laws. Customer due diligence duties also apply. They require casinos to either identify and verify a customer's identity before entry to the casino or access is given to online gaming facilities, or alternatively when a customer pays to, or stakes with, the casino an amount of money over a specific limit over the course of a 24 hour period.
Further due diligence rules apply to remote or online gambling, where casinos must obtain evidence of identity from at least two sources and decide whether a source of funds check is also necessary.
The NameScan service can make identity and source-of-funds checks very easy by allowing you to integrate them with your current systems. Our verification process is fast, accurate and will help keep you on the right side of the law.