Why Canada’s Gaming Industry Needs an AML Overhaul

Between trips to Las Vegas for the BSA/AML Gaming Conference and this week’s Global Gaming Expo, Derek Ramm made his return to the Gaming News Canada Show presented by Bede Gaming.

Ramm, the Global Head of Advisory Services for Kinectify and a member of the Board of Directors for the Canadian Gaming Association, has been a leading voice for an overhaul of anti-money laundering rules and regulations in the Canadian gambling industry with a special focus on online gaming. He spoke with host Steve McAllister about recent monetary penaltieslevied by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) against the Nova Scotia Gaming Corporation and New Brunswick Gaming Corporation.

Ramm sits on an AML working group in the CGA and spoke about the conversations the association has had with the federal government. We also asked the Kinectify exec why AML programs have yet to be put in place by gaming regulators in both Ontario and Alberta, and why he believes revised AML measures matter so much.

Finally, he spoke about what he and his colleagues at Kinectify are seeing with the data being collected around the industry these days.

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