AML Audit Framework by Crucial Compliance

Welcome to the Crucial Compliance Anti-Money Laundering (AML) Framework Assessment for Online Gaming Operators in the UK

 

 

The aim:

This comprehensive assessment has been specifically designed to help online gambling and betting operators objectively evaluate their existing AML framework in accordance with the requirements set by the Gambling Commission.

The purpose of this assessment is to provide operators with a comprehensive overview of their existing AML program and to identify any potential gaps and weaknesses.

 

How it works:

The assessment is conducted in a questionnaire format where the individuals responsible for the AML framework (MLRO, nominated officer, etc.) provide detailed responses to targeted questions.

The answers provided are then assessed by Crucial Compliance experts with hands-on operational experience in AML functions within iGaming. After the comprehensive review and analysis, an assessment report will be provided, along with an action plan and recommendations.

 

This Assessment can serve as one of the two main components of evaluating your AML framework:

 

Internal Audit Function (standard level):

In its standard form, this assessment can serve as an internal audit exercise, providing valuable insights into potential areas for improvement. This format allows operators to keep track of the elements they have audited, understand possible gaps, while receiving expert advice and recommendations.

The scope of the standard assessment is wide-ranging, covering topics such as AML risk assessment, governance, jurisdiction risk, payment risk, customer risk, and AML typologies. To ensure the effectiveness of this exercise, operators are required to provide detailed answers to the questions presented in this Assessment.

 

External Audit Function (extended level):

An extended version in the form of a full external AML audit is also available.

A yearly external assessment of the operator's AML framework is a requirement as per UKGC guidelines. This assessment allows you to make this process easy, streamlined and well documented.

Along with answering the questions, we will ask you to submit a set of documents comprising your AML framework. The external audit also includes operational workshops, interviews with key stakeholders, and an executive audit summary that can then be presented to the Gambling Commission as evidence of an external audit.

This version of the assessment is recommended for all operators providing online betting and gaming services to UK-based consumers, as it can be a yearly external audit exercise, or serve as an exercise preparing you for the Gambling Commission audit.


Guidance:

  • It is your responsibility to ensure that the information you provide is accurate and true
  • You may fill the sections of the Assessment in any order
  • Should you have any doubts regarding answering any of the questions, Crucial Compliance specialists will be able to address them in a timely manner.
  • Please bear in mind that depending on your answers, we might request some additional information from you. This is done to ensure this exercise is as effective as possible and will result in recommendations specific to your business
  • The final report and recommendations will only be produced once all the sections are filled, and all the additional questions are addressed.
  • Should you opt for the External Audit Function, the delivery time will be extended due to the documentation reviews and the performance of workshops and interviews.
Curriculum :
1. General Risk Profile
2. AML Risk Assessment
3. Governance
4. Sanctions
5. Politically Exposed Persons
6. AML Training & Employee Risk
7. Suspicious Transaction Reporting / Suspicious Activity Reporting
8. Operational / Business Partner Risk & Reliance
9. Jurisdictional Risks
10. Product Risks
11. Payment / Transaction Risks
12. Customer Risks
13. Money Laundering Typologies
14. Safer Gambling Considerations