In an industry fraught with the risk of financial crimes, the BSA-AML Compliance Group is once again showcasing its commitment to shaping a more transparent and safer iGaming landscape. Announced for September 2023, this year’s BSA/AML Gaming Conference will see a meeting of minds from various regulatory and law enforcement agencies in Las Vegas.
US iGaming Industry Meets Regulators: Paving the Way for a Safer Gaming Future
A highlight of this conference is the opportunity for attendees to directly engage with IRS-BSA Examiners, state gaming regulators, and criminal law enforcement officials. Discussions will revolve around the prevalent issues of money laundering, fraud, and emerging illicit financial schemes, as well as cyber threats targeting casinos.
Moreover, attendees can look forward to connecting with a diverse group of experts and decision-makers, spanning from New Jersey to Nevada and Ontario’s gaming regulatory bodies.
Keynotes are set to be delivered by Scott Rembrandt, Deputy Assistant Secretary at the U.S. Department of the Treasury’s Office of Terrorist Financing and Financial Crimes, and Jim Lee, Head of the IRS-Criminal Investigation Division. Topics to be tackled include financial threats and anti-money laundering strategies, among others.
“The annual BSA/AML Gaming Conference is the largest and most comprehensive anti-money laundering compliance conference dedicated to the gaming industry,” said James Dowling, CEO of BSA-AML Compliance Group.
In reflecting on the previous year’s triumphs, he added, “We are honored to once again welcome so many government officials and experts who have agreed to share their knowledge and insights with the compliance community.“
An optional “Fundamentals” day has been added to the agenda for those new to the industry or those seeking to enhance their existing skills. Conference attendees can expect thought-provoking dialogues on various hot topics, including artificial intelligence, BSA/AML enforcement, E-Sports and the future of gaming, IRS examinations, and the intersection of responsible gaming and anti-money laundering.
BSA-AML insights: Implications for the iGaming Industry
This conference’s renewed focus on fostering collaboration, providing insights into emerging threats, and bridging the knowledge gap holds significant implications for the iGaming industry:
- Improved transparency and trust: By focusing on anti-money laundering and compliance, the industry can continue to build public confidence and trust. This shift is among the strongest trends in the iGaming industry in 2023.
- Stronger inter-agency cooperation: The conference provides an excellent platform for better collaboration among regulatory agencies, enhancing the industry’s overall regulatory framework.
- Future-proofing the industry: Addressing critical issues such as cyber threats and the role of AI can equip the industry with the necessary tools and knowledge to navigate future challenges, ensuring its resilience and long-term success.