Gambling supervisor’s new risk assessment published
The National Police Board has published an assessment of the risks of money laundering and terrorist financing in slot machines in gambling operations in mainland Finland. This summary presents the most significant slot machine gambling-related money laundering risks as presented in the risk assessment conducted by the National Police Board’s Gambling Administration.
Slot machines outside casinos, i.e. in gambling locations and specific game rooms, were included in the scope of the Anti-Money Laundering Act at the beginning of 2022. The money laundering risk of slot machines may be increased by factors including deficient/insufficient customer identification and verification of identity, slot machine features that enable the use of new payment methods, and the placement of slot machines. Risks may be reduced by developing more effective methods of identification and verification. Additionally, bet restrictions included in slot machines are an effective component of money laundering risk prevention.
This appendix to the supervisor’s risk assessment supplements the supervisor-specific risk assessment summary published pursuant to the Anti-Money Laundering Act on 29 January 2021. This appendix to the risk assessment should be examined with the general section of the supervisor-specific risk assessment published in 2021.