Businesses all around the globe are constantly having to balance between commercial risks and benefits. In May 2015, the European Union Directive 2015/849 included within its scope the online gaming industry. In turn, this inclusion, brought with it, additional AML compliance obligations and responsibilities.

Whilst this could be perceived as an additional administrative burden that could even cripple some industry players, in the long term, it will provide the gambling and online gaming industry the opportunity to improve their public perception with respect to their AML risk exposure.

Financial criminals often target the gaming and gambling industries and this is why it is fundamental that such businesses invest in a comprehensive compliance program to prevent money laundering, and other criminal activities. Since it is now a legal obligation of every operator in the gaming and gambling industry to screen every customer, and to measure their risk level for as long as their relationship lasts, non-compliance could result in serious consequences and fines.

Our online KYC and AML screening tools help subject persons within the gambling and online gaming industry to easily adhere to these regulatory compliance needs.

AML Screening Automation

As a subject person you are legally obliged to perform a series of checks and screenings on your clients, and StartKYC provides the perfect, easy to use, fully automated tools, so that you can do all this in just a few clicks:

1. Screen customers against international sanction lists, terrorist lists, high risk origins and PEPs (Politically Exposed People)
2. Perform ongoing AML screening of customers
3. Keep all records for AML purposes updated

StartKYC helps subject persons understand a gamer’s profile via in depth checks that delve much deeper than the usual PEP and Sanction checks. It provides information about adverse media, disqualified directors, insolvency issues and more.

StartKYC operates in different languages, and offers flexible pricing options to accommodate start-ups as well as established businesses. Even the smallest package gives access to the whole system’s capabilities thus providing all gambling and gaming organisations the possibility to automate their AML and CFT checks. StartKYC also supports your automation process through a quick and easy API integration, which is backed up with ongoing technical support.

Feeling Lost?

Our free industry experts have drawn up a FREE PDF to help you get started in KYC for the legal industry. Click here to download PDF.