Games, Silvestri: "Customs Agency guidelines raise the level of controls" (agipronews.it)
07/06/2018 2022-12-06 14:44Games, Silvestri: "Customs Agency guidelines raise the level of controls" (agipronews.it)
Games, Silvestri: "Customs Agency guidelines raise the level of controls" (agipronews.it)
ROME – "The anti-money laundering guidelines—published by the Customs and Monopolies Agency in accordance with the new EU Directive and the national implementing law—provide heightened controls in the gaming sector through a series of new and additional measures." This is the comment made to Agipronews by Sergio Silvestri, Director of the Italian School of Anti-Money Laundering & Risk Management and the European School of Banking Management, regarding the draft document published by ADM on combating money laundering. "The guidelines for the video lottery sector," Silvestri added, "reaffirm the adoption of procedures that allow for the monitoring of individual transactions per gaming session, for a maximum period of one week, and for the control of anomalous behavior related to the high amounts paid out compared to those wagered. To do this, it will be necessary to acquire customer identification data at the time of the gaming request or transaction." Tickets worth more than €500 will be checked, as will tickets indicating no winnings or a low percentage of winnings compared to the value of the ticket itself. This measure is designed to combat so-called dormant banknotes.
The anti-money laundering expert also notes new developments for betting agencies, particularly regarding the methods used to monitor points of sale: "Checks on betting agencies will include the evaluation by licensees of the behavior of managers and players within the points of sale in relation to potential fraud. To do this, they will have to identify specific threats, such as the 'portability' of betting receipts and potential sports fraud that could lead to the manipulation of odds." The Customs and Monopolies Agency, he concludes, "will monitor the effective implementation of the procedures and control systems through specific audits at licensees. Failure to implement, or insufficient implementation of, the procedures and control systems required by the measure (as well as their inappropriate use) will result in the imposition of specific sanctions." To illustrate and further explain the new procedures operators will be required to follow, the School is organizing a Master's training program—which will begin on June 14th—with two different teaching methods. The program is aimed at managerial positions such as Anti-Money Laundering Managers and Specialists, Anti-Money Laundering Delegates, Legal Managers and Specialists, Compliance and Internal Audit Managers.
NT/Agipro
