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FATF warns of AI and deepfake risks to anti-money laundering controls

Regulation

The Isle of Man Gambling Supervision Commission said the FATF has issued a horizon-scanning paper on how artificial intelligence and deepfakes could affect money laundering and terrorist and proliferation financing risks. The FATF recommends stronger detection, staff training and public-private cooperation to address the threats.

The guidance identifies emerging risks that gambling operators may need to account for in compliance and risk controls.

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Regulation

Kansspelautoriteit issues Tulipa Ent directive over anti-money laundering controls

The Kansspelautoriteit issued a directive to Tulipa Ent Limited over deficiencies in its compliance with Dutch anti-money laundering law, according to the regulator’s announcement. The KSA cited shortcomings in customer checks, risk classifications, transaction and funds-source monitoring, suspicious-transaction records and staff training; the company operates ComeOn and GetLucky in the Netherlands.

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