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Risky Business: Meeting the ISO 9001:2015 Risk Requirements in the Gaming Industry

Presenter: Laura Denktash, Performance Excellence Manager, VGT - An Aristocrat Company, Tulsa, OK, USA

Keywords: Regulatory Compliance, Gaming Industry, Risk-Based Thinking

Industry: Manufacturing, Software, Gaming

Level: Intermediate


ABSTRACT 

Casino games provide billions upon billions of dollars of profits each year. Risk exists at every step of the operation and can cause the casino or gaming company to lose its gaming license. What is a casino license worth? To a gaming company, the answer is simple: everything.

Regulatory compliance programs in the gaming industry are an insurance policy for a company’s future. As 24/7, cash-intensive operations, casinos are natural targets for money launderers. Like banks, U.S. gaming operations are required to file Currency Transaction Reports whenever patrons pass more than $10,000 over 24 hours, and Suspicious Activity Reports (SARs) when the property “knows, suspects or has reason to suspect” that a transaction of at least $5,000 involves funds derived from illegal activity. To keep ahead of money launderers, the American Gaming Association (AGA) released a list of best practices. No matter how tight the controls, criminal syndicates, cartels and garden-variety crooks will always be working on new ways to clean dirty money obtained from drug trafficking, human trafficking, Medicare fraud, ID theft, mortgage fraud or other nefarious activities. Once obscured, tainted profits can re-enter the economy, and the money launderers subsequently “make out like the bandits”.

What are the basics of an effective Anti-Money Laundering (AML) compliance program? It’s must be risk-based, and designed to reasonably detect potential money laundering at a given casino.The Financial Crimes Enforcement Network (FinCEN) has also made it clear that training from the top down is important. FinCEN is a bureau of the US Department of the Treasury that . It collects and analyzes information about financial transactions in order to combat domestic and international money laundering, terrorist financing, and other financial crimes. FinCEN has made it clear that training from the top down is important.   

    Participating Organizations at the ISO 9000 World Conference

    Government Agencies

    Department of Commerce
    Department of Defense
    Department of Energy
    Department of Health & Human Svcs.
    Department of Homeland Security
    Department of Justice
    Department of State
    Department of the Treasury
    Department of Transportation
    Department of Veterans Affairs

    Environmental Protection Agency
    NASA
    Naval Surface Warfare Center
    Pentagon
    U.S. Air Force
    U.S. Army
    U.S. Marine Corps
    U.S. Navy
    U.S. Veterans Affairs
    United States Army Corps of Engineers

    Corporations

    AIG
    Alcoa
    AT&T
    Bank of America Corp
    BASF Corporation
    Bayer Corporation
    BMW
    The Boeing Company
    Bose Corporation
    Bristol-Myers Squibb
    Campbell Soup Company
    Cardinal Health
    Caterpillar
    Chrysler Corporation
    Chevron
    Cisco Systems
    Coca-Cola
    Comcast
    Daimler Chrysler
    Disney
    Dow Chemical

    Dr Pepper 
    Duracell
    Dupont
    Eastman Kodak
    Facebook
    Google
    Exxon Mobil
    Fedex
    Ford Motor
    General Electric 
    General Motors
    Gillette
    Goodyear Tire
    He
    wlett Packard
    Honeywell
    Humana
    IBM
    Johnson & Johnson
    Kohler
    Lockheed Martin
    Macy’s
    M&M/Mars

    ManpowerGroup
    Maytag Appliances
    Mercedes
    Merck
    Mitsubishi
    Mobil Chemical
    Motorola
    NASA
    Nestle 
    Northrop Grumman
    PepsiCo
    Philip Morris International
    PNC Financial Services Group
    Pfizer
    Pratt & Whitney
    Procter & Gamble
    Prudential
    Raytheon
    Rolls Royce Allison
    Target

    Schindler Elevator Corporation
    Schneider Electric
    Shell
    Siemens
    Southwest Airlines
    Staples
    Tesla
    Tiffany & Co.
    Qualcomm
    Underwriter Laboratories
    UnitedHealth Group
    United Technologies
    Union Pacific
    UPS
    USAA
    Verizon
    Walmart
    Wells Fargo
    Westinghouse
    Whirlpool
    Xerox

    CONTACT US

    Tel:  1 (408) 894-9910 or 1(800) 875-1960
    Fax: 1 (866) 500-9081
    Email: info@iso9000conference.com



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