Members of the European Gaming and Betting Association (EGBA) have successfully completed the second annual reporting process for the association’s pan-European Anti-Money Laundering (AML) Guidelines, reinforcing their commitment to enhancing AML compliance across Europe’s online gambling sector.
Published in March 2023, the guidelines provide practical, sector-specific guidance for online gambling operators on conducting customer and business risk assessments, customer due diligence, suspicious transaction reporting, and record keeping. The guidelines take a risk-based approach aligned with EU and FATF standards and are tailored to address the specific characteristics of online gambling, which may be less familiar to traditional AML regulators.
“We’re pleased to have completed this second annual reporting process and thank our members for their dedication to this collaborative initiative,” said Dr. Ekaterina Hartmann, Director of Legal and Regulatory Affairs at EGBA.
“Our shared goal is to raise the bar for AML compliance across our membership and, by example, encourage other operators in the industry to follow suit. We invite non-member companies to join this initiative and help strengthen the sector’s contribution to the fight against financial crime,” Hartmann added.
The annual reporting process is a key part of EGBA’s efforts to ensure the guidelines remain effective, up-to-date, and comprehensive. It also helps identify areas for improvement in response to emerging challenges within the sector.
Based on the feedback collected, EGBA will consider updating parts of the guidelines to include a minimum list of required documents for AML purposes and provide enhanced guidance on risk assessments, payments, outsourcing, and sports integrity.
A full revision of the guidelines is scheduled for 2026 to align with the forthcoming EU Anti-Money Laundering Regulation. EGBA also encourages non-member operators to engage with the initiative—one company has already joined—and calls for others to get involved in this important effort to strengthen AML standards in the industry.
