EU AML Regulation 2024/1624: Its Impact on the Gaming Industry
The impact on gaming is direct. The Regulation defines “gambling service” broadly, covering lotteries, casino games, poker and betting, whether land-based or remote. Providers of gambling services are expressly treated as obliged entities. Member States may exempt some demonstrably low-risk gambling services, but not casinos and, in principle, not operators whose main activity is online gambling or sports betting, except narrow state-linked carve-outs.
Operationally, the headline changes are harmonised KYC/CDD, better linked-transaction controls and stronger monitoring. Gambling operators must apply customer due diligence when collecting winnings, accepting stakes, or both, once transactions reach EUR 2,000, including linked transactions. The rulebook also requires ongoing monitoring across the customer relationship and reporting of suspicious, including attempted, transactions to the FIU regardless of amount.
Key Compliance Steps for Gaming Operators Under EU AML Regulation 2024/1624
That is why specialist consulting support should start now. Before go-live, firms can help with gap analyses, market-by-market exemption mapping, AML risk assessment refreshes, policy rewrites, customer-journey redesign, monitoring-rule calibration, governance and training. Once the regime is live, support typically shifts to STR quality assurance, independent testing, remediation, regulator-readiness and continuous improvement of the AML operating model.
For more information about our Menaged Services, contact our expert Christoph Ruth (christoph@chevron.group). Follow us for industry updates and announcements about upcoming products and services.
