The French gaming regulator l’Autorite Nationale des Jeux has approved the anti-money laundering action plans of operators across France. However, it identified some areas that could be improved.
According to French law, operators are required to submit an annual action plan outlining the measures they take against money laundering, fraud and terrorist funding.
ANJ created a three stage action plan based on a risk based approach. Understanding the risk of an operator’s activities, how they allocate resources for managing risks, and managing business relationships with players are all stages.
ANJ recommends that for risk assessment, operators differentiate risk analysis based on the gambling type and evaluate the criticality of the risk.
ANJ said that for organisation and resources dedicated, operators should focus on staff compliance and anti-money laundering measures, including fraud, terrorist financing and money laundering.
ANJ recommended operators make sure their asset-freezing procedures comply with law and that all employees are trained to report suspicious transactions.
ANJ recommended that Francaise des Jeux, the lottery operator, and Pari Mutuel Urbain (the horse racing monopoly), increase their point of sale checks.
The ANJ has approved action plans to promote responsible gambling for casino and racetrack operators.
