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UK Gambling Commission flags AI-related weaknesses in operators’ AML controls

Regulation

The UK Gambling Commission said some operators do not understand or configure AI-based tools effectively for anti-money laundering controls. It identified cases where systems failed to flag or escalate high-risk indicators, and said it would review operators’ tools and examine their methodology during compliance assessments.

Operators may need to review whether their AI-based AML systems identify and escalate risks effectively.

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Regulation

UK Gambling Commission examines operators’ anti-money-laundering controls in fraud inquiry

The UK Gambling Commission examined several licensed operators’ anti-money-laundering controls after investigators found that money from an alleged Spanish investment fraud had passed through online gambling operators in the UK. The report also cites a 2021 government response saying regulatory settlements involving four operators exceeded £6.2 million and were directed towards compensation for identified victims.

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