AGA issues anti-money-laundering guidance covering cryptocurrency risks
The American Gaming Association has released guidance on anti-money-laundering controls for the gambling industry, including risks linked to cryptocurrency and sports betting. The association said casinos should use risk-based programmes to meet Bank Secrecy Act requirements and described how wagering on opposing outcomes can be used to launder funds.
The guidance identifies controls casinos can consider for cryptocurrency and sports-betting money-laundering risks.