Gambling Compliance

Compliance with Anti-Money Laundering (AML) Title 31 and other financial crimes laws has become a major area of risk management and an increasingly difficult challenge for the gambling industry, including casinos, sportsbook establishments, and online platforms. The need for the gambling industry as a whole to have ongoing independent third-party audits and assessments of their AML/Title 31 casino compliance policies and procedures, along with robust programs for identifying, resolving, and proactively addressing these issues on an ongoing basis, is a critical consideration facing owners, investors, directors, senior management, and other relevant stakeholders.

K2 Integrity provides an expansive array of strategic and value added services customized to address the risks facing the industry. By leveraging decades of experience in concert with state-of-the-art technology, we develop sustainable, cost-effective solutions for our clients that provide the oversight, verification, and monitoring tools needed to prove compliance with all laws and regulations. We also offer investigative, fraud detection, and forensic services to help casinos, sportsbook establishments, service providers, and state agencies minimize the possibility of regulatory noncompliance and fraudulent activity. 

Our team delivers extensive integrated knowledge of the casino and sportsbook industry coupled with strong AML/Title 31 expertise. K2 Integrity has direct experience as a regulator-selected independent compliance monitor to a sports-wagering entity in Las Vegas, a multiyear engagement that includes a comprehensive array of services related to the sportsbook BSA/AML compliance program.

We perform independent AML assessments and work collaboratively and flexibly with our clients to customize and tailor comprehensive AML/Title 31 compliance programs that address their specific needs and objectives while leveraging their current management, compliance, and IT infrastructures.

K2 Integrity can also provide the technology and transaction monitoring tools needed to maximize the effectiveness of traditional AML compliance and know-your-customer (KYC) programs. With scenarios tailored to the gambling industry, our proprietary technology works with current AML/Office of Foreign Assets Control (OFAC) sanctions typologies to identify the industry’s unique risks and vulnerabilities. For clients utilizing off-the-shelf licensed tools, our team is often brought in to develop customized modifications to enhance efficiency within existing technologies. As part of those services, each client is assigned a dedicated support team that not only assists with training and issue identification but also provides ongoing resolution and implementation of robust compliance and monitoring programs.

We also offer additional KYC programs specific to the industry, including the collection of information to develop gaming activity profiles of previously unknown customers, due diligence background checks to ensure gamblers have a legitimate source of funds, tracking of individual play to identify suspicious betting patterns, geofencing and messenger betting prevention, patron identification, and ongoing education of employees regarding Financial Crimes Enforcement Network (FinCEN) rules, American Gaming Association guidelines, and BSA/Title 31 financial crimes compliance requirements.