Hello! The world of iGaming has witnessed remarkable growth in recent years. However, with this surge in popularity comes an ever-increasing concern over potential financial crimes, including money laundering, as well as exploitative techniques, such as arbitrage betting, bonus abuse, and others. To tackle these issues, the iGaming industry relies on two pillars: Anti-Money Laundering (AML) and Know Your Customer (KYC) mechanisms. In this article, Dmitry Smirnov, EvenBet Gaming Lawyer, explores the significance of AML and KYC in iGaming, their legal framework, their importance, and the current solutions and challenges they entail. The key points: - The Importance of AML and KYC in iGaming
- Legal Mechanisms AML and KYC
- Current Solutions and Practices
- Issues and Considerations
- Future Trends and Regulatory Developments
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