Tag Archives: AML

GT’s Carl Fornaris Moderates Panel at IAGA, Featured in Gambling Compliance

The International Association of Gaming Advisors (IAGA) held its 36th annual International Gaming Summit May 30-June 1, 2017. The IAGA Summit brings leaders from all global gaming sectors together, providing a unique opportunity to discuss recent and significant issues and challenges facing the gaming industry. At the Summit, Greenberg Traurig’s Carl A. Fornaris, co-chair of … Continue Reading

The Building Blocks of an Effective AML Compliance Program

A Q&A with Mark Clayton and Carl A. Fornaris, gaming attorneys, Greenberg Traurig LLP GGB: What are the basics of an effective AML compliance program? Fornaris: It consists of four key “pillars:” internal controls, such as policies and procedures; a compliance officer; employee training; and an annual independent audit that tests the effectiveness of the AML … Continue Reading

FinCEN Issues Guidance to Casinos Confirming that Suspicious Activity Reports May Be Shared with U.S. Parents and Affiliates

On Jan. 4, 2017, the Financial Crimes Enforcement Network of the U.S. Department of the Treasury (FinCEN) issued guidance to casinos to confirm that, subject to certain limitations, a casino may, in accordance with the Bank Secrecy Act (BSA) and its implementing regulations, share a Suspicious Activity Report (SAR) that it has filed, or any … Continue Reading

10 TRENDS: Getting Better All the Time

When Jennifer Shasky-Calvery, at the time the director of the Financial Crimes Enforcement Network (FinCEN), addressed attendees at G2E 2013, she brought a stern message to the industry. She called for a complete culture change in the industry with a dedication to rooting out financial crimes… or else. Since then, Bank Secrecy Act (BSA) and anti-money … Continue Reading

Brexit: Implications for the Gaming Industry

This note addresses the impact of Brexit on the gaming industry. It is one of a series of GTM Alerts designed to assist businesses in identifying the legal issues to consider and address in response to the UK’s referendum vote of 23 June 2016 to withdraw from the European Union. In particular, it considers the … Continue Reading

Greenberg Traurig Participates in the 2016 International Gaming Summit

May 31 through June 2, 2016, members of Greenberg Traurig’s Global Gaming Practice participated in the 2016 International Gaming Summit hosted by the International Association of Gaming Advisors (IAGA).  The Summit, for the first time, was held in conjunction with the Gaming Regulators European Forum (GREF). The Malta Gaming Authority also co-hosted the event. The … Continue Reading
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