![]() Operators need to continually identify, assess and manage these risks, just like any other business risk. These include criminal and regulatory sanctions for operators and their employees, civil action against the operator and damage to the reputation of the operator, leading to a potential loss of business. The possibility of gambling facilities being used by criminals to assist in money laundering poses many risks for operators. monitor and improve the effective operation of these controls. ![]() design and implement policies, procedures and controls to manage and mitigate these assessed risks.identify the money laundering risks that are relevant to the operator.A risk-based approach involves a number of discrete steps to assess the most proportionate way to manage and mitigate the money laundering risks faced by the operator.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |