{"id":14779,"date":"2023-11-22T16:03:11","date_gmt":"2023-11-22T15:03:11","guid":{"rendered":"https:\/\/igacademy.com\/?p=14779"},"modified":"2023-11-22T16:26:37","modified_gmt":"2023-11-22T15:26:37","slug":"responsible-gambling-and-anti-money-laundering-principles","status":"publish","type":"post","link":"https:\/\/igacademy.com\/responsible-gambling-and-anti-money-laundering-principles\/","title":{"rendered":"Responsible Gambling & Anti-Money Laundering Principles"},"content":{"rendered":"[vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″ shape_divider_position=”bottom”][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_link_target=”_self” column_shadow=”none” column_border_radius=”none” width=”1\/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid”][vc_column_text]\n
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Introduction<\/strong><\/p>\n iGaming regulations vary between different countries and jurisdictions, but most have a focus on responsible gambling (RG) and anti-money laundering (AML) requirements.<\/p>\n At iGaming Academy, we offer multi-jurisdiction courses on anti-money laundering for online gaming<\/a>, as well as,\u00a0responsible gambling for online operators<\/a>.<\/p>\n To navigate the complexities of different local gambling authorities, our courses need to be tailored to the jurisdiction. However, the principles of responsible gambling and anti-money laundering legislation are similar, regardless of the iGaming market. So this guide is designed to provide you with an overview of these principles and the responsibilities of the iGaming operator.<\/p>\n In emerging markets and countries where iGaming, also known as online gambling, is just opening up, you can expect regulatory authorities to base their requirements around these key principles.<\/p>\n —<\/p>\n Contents<\/strong><\/p>\n Part 1: Responsible Gambling Part 2: Anti-Money Laundering<\/strong> —<\/p>\n Responsible gambling has become a key regulatory focus in recent years with all gambling jurisdictions introducing additional requirements for operators. As a result, we update our RG course content on a regular basis to reflect these changes.<\/p>\n Responsible gambling requirements are usually based around the following six pillars:<\/p>\n Safeguarding vulnerable gamblers is an important focus of responsible gambling.<\/p>\n Key requirements may include:<\/p>\n Strict adherence to the following measures is crucial to ensure that individuals below the legal gambling age are not allowed to gamble.<\/p>\n Key requirements include:<\/p>\n By proactively addressing security concerns, operators can protect both their platforms and players from potential threats and criminal activities.<\/p>\n Key requirements include:<\/p>\n See also Anti-Money Laundering Requirements<\/em> below<\/p>\n By establishing robust access control measures, operators can effectively protect players\u2019 private data from unauthorised access, mitigating the risk of online criminal attacks.<\/p>\n Key requirements include:<\/p>\n By prioritising the security of online payments and choosing the right payment and risk processing solutions, operators can instil confidence in players and protect their financial information while facilitating seamless transactions.<\/p>\n Key requirements include:<\/p>\n By following ethical and responsible marketing practices, operators demonstrate their commitment to fair and transparent advertising while protecting the wellbeing of their customers.<\/p>\n Key requirements include:<\/p>\n Money Laundering is the process by which criminals attempt to conceal the identity, source or destination of illicit funds to make them appear legitimate.<\/p>\n
\n<\/strong>The 6 Pillars of Responsible Gambling<\/p>\n
\nKey AML Requirements Globally<\/p>\nPart 1: Responsible Gambling 6 Pillars<\/h2>\n
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1. Protection Of Vulnerable Gamblers<\/h3>\n
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2. Prevention of Underage Gambling<\/h3>\n
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3. Safety Measures Against Criminal Activities and Player Funds Protection<\/h3>\n
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4. Information Privacy Requirements<\/h3>\n
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5. Online Payment Protection Requirements<\/h3>\n
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6. Ethical and Responsible Marketing Requirements<\/h3>\n
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Part 2: Anti-Money Laundering Requirements<\/h2>\n