Money Laundering and Terrorist Financing Risks in the Online Gaming Sector

Sponsored by

FinScan
  • When: May 9, 2018
  • Time: 12:00 PM – 2:00 PM ET
  • Level: Intermediate, Advanced

Online gaming, including social gaming, mobile gaming, free-to-play and pay-to-play multiplayer gaming is expected to generate $1 trillion in total revenue by 2021. Vulnerable to some types of criminal exploitation arising from cross border activity, the use of alternative payment systems and ease of access to gaming sites, the online gaming segment and the risks it can pose continues to evolve in both size and complexity. Our panel of experts will provide up-to-date information on online gaming market trends, industry standards and regulations, and best practices to combat fraudulent players and activity.

Learning Objectives

  • Analyzing how online gaming is used by criminals to mask and launder money including gold farming, glitching and duping
  • Examining recent case studies to determine applicable lessons for mitigating online gaming-based financial crime risks
  • Tracing common typologies and detailing best practices to spot, combat and report suspicious online gaming activities
  • Reviewing AML best practices for online gaming according to the American Gaming Association’s Code of Conduct for Responsible Gaming

Who Should Attend

  • Gaming Industry Compliance Officers
  • Bankers with Gaming Industry Clients
  • Legal/Audit Advisors to Gaming Organizations

Region/Sector

  • Global
  • North America
  • Gaming/Casino
  • Banking
  • Legal

Pricing

ACAMS Members Non-Members
$245 $445
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Moderator

Angel Swift
  • Angel Nguyen Swift, CAMS

  • Independent Consultant
  • Angel Swift Collaborations LLC

Bio

Angel Nguyen Swift is an advisor and independent consultant with Enigma Technologies, a data intelligence company, where she most recently worked as the Vice President of Compliance and Financial Crimes Solutions. She is also the creator of the STAT (Stand Together Against Trafficking) project, which connects the anti-human trafficking community to identify and share financial indicators of human trafficking activity. To further this mission, she has partnered with Polaris, ACAMS (Association of Certified Anti-Money Laundering Specialists) and Enigma, to leverage technology to empower the sharing of these financial indicators across the anti-financial crime community.

At Enigma, she led strategic initiatives focused on bringing augmented intelligence to help financial crime professionals make informed decisions effectively. Her work included helping financial institutions assess their current AML processes to identify areas where technology could strengthen and close gaps in their programs. In addition, Angel has been called upon by financial institutions to assess and develop strategic initiatives to build and restructure their financial intelligence units (including SAR investigations, EDD, KYC Refresh, sanctions/PEP screening and review, transaction monitoring, information sharing program). Angel has also led and advised on product research initiatives to develop Enigma’s Screen product, a watchlist screening engine which deploys a methodology premised on advanced data matching algorithms and machine learning. Research and development included deepdives into sanctions screening processes at financial institutions.

Prior to Enigma, Angel spent nearly a decade building and leading the financial intelligence unit (FIU) at American Express. Under her leadership, the FIU expanded from five people focused on the U.S. card business to nearly 500 people supporting the enterprise in more than 40 countries. As VP of the FIU, Angel was responsible for establishing and maintaining an end-to-end program that supported the suspicious activity reporting process, including transaction monitoring rule development, quality control, sanctions screening and investigations, enhanced due diligence reviews, KYC refresh, anti-corruption and bribery monitoring and investigations, and special investigations. Her responsibilities also included leading development of technology solutions for the FIU, managing regulatory examinations conducted by all federal and state agencies, and spearheading the development, implementation, and presentation of large-scale remediation efforts related to the company’s AML program.

Speakers

Paul-Camacho
  • Paul Camacho, CAMS

  • Vice President, AML Compliance
  • Station Casinos LLC

Nishi K. Gupta
  • Nishi K. Gupta

  • Vice President, Global Risk, Banking & Compliance
  • American Express

Kathleen McGee
  • Kathleen McGee

  • Counsel
  • Lowenstein Sandler LLP