Anti-Money Laundering (AML)

Combating Money Laundering: Our Commitment To A Safe Gaming Environment

Welcome to the Anti-Money Laundering (AML) page of the Turks & Caicos Islands Gaming Control Commission. We are dedicated to ensuring a safe gaming environment that is free from illicit financial activities. Our AML regulations and guidelines establish a robust framework to detect and deter money laundering and terrorist financing.

AML Regulations and Guidelines

The foundation of our AML efforts lies in a comprehensive set of regulations and guidelines that govern the gaming industry in the Turks and Caicos Islands. These regulations outline the legal requirements and obligations for gaming operators to prevent money laundering and the financing of terrorism. We have also developed detailed guidelines that provide operators with clear instructions on implementing effective AML measures. .

Know Your Customer (KYC) Process

Our (KYC) process involves thorough customer identification and risk assessment. We collect and verify identification documents, such as IDs and proof of address, to establish the true identity of customers.

Enhanced Due Diligence (EDD) Measures

We implement Enhanced Due Diligence (EDD) measures for customers with higher risk profiles. We verify their identity, source of funds, and conduct background checks to detect and prevent illicit financial transactions.

Collaboration with Law Enforcement Agencies

The Turks & Caicos Islands Gaming Control Commission actively collaborates with local and international law enforcement agencies to enhance our effectiveness in preventing and detecting illicit financial activities within the gaming industry. We have established valuable partnerships with organizations such as the Royal Turks & Caicos Police Force, Customs & Border Control, Financial Services Commission, and Office of the Director of Public Prosecutions. These collaborations enable us to share information, exchange best practices, and coordinate efforts to combat money laundering effectively.

AML Training and Awareness Programs

Education and awareness play a pivotal role in preventing money laundering. We are committed to providing comprehensive AML training programs for gaming operators and their employees. These training programs enhance their understanding of AML regulations, red flag indicators, reporting obligations, and the importance of maintaining a vigilant stance against money laundering. While our internal training program is currently underway, we aim to extend our efforts to the external gaming community, promoting a culture of AML awareness and responsibility.

Some Valuable Resources

A comprehensive collection of resources to support organizations in their AML compliance efforts. These resources have been thoughtfully selected to provide organizations with the necessary guidelines and information to establish and maintain robust AML compliance frameworks.

AML Guidance For All Gaming Establishments | 684 KB

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AML and the Prevention of Terrorist Financing Code in POCO | 917 KB

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AML and the Prevention of Terrorist Financing Regulations in POCO | 1,251 KB

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Disciplinary Action for DNFBPs | 453 KB

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Proceeds of Crime Ordinance 2018 | 1,821 KB

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Combating Money Laundering: Our Commitment To A Safe Gaming Environment

AML Regulations and Guidelines

Know Your Customer (KYC) Process

Enhanced Due Diligence (EDD) Measures

Collaboration with Law Enforcement Agencies

AML Training and Awareness Programs

Some Valuable Resources

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