The Kansspelautoriteit (KSA), the Dutch Gaming Authority, has updated its Money Laundering and Terrorist Financing (Prevention) Act.
Known more commonly as the AML Act, or Wwft, this applies to all forms of gambling in the country, across both land-based and online providers.
As part of this, operators must constantly monitor transactions from customers and report anything that breaches guidelines to the Dutch Financial Intelligence Unit. In the updated guidelines, the KSA explains the importance of AML, stating: “Obscuring or disguising the origin of criminal earnings money enables individuals to escape the hands of government agencies among others to stay and also benefit from the criminally earned money.”
