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AML Compliance and Responsible Gaming Principles in the Betting and Gaming Sector

AML Compliance and Responsible Gaming Principles in the Betting and Gaming Sector

Dates

  • October 2026
      to   (3 sessions)
    Delivered Online
    €290 - €530
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Highlights

  • Live Online

  • 12 CPD Units | 12 Hours

  • HRDA Subsidised


The EIMF Live Online Learning Experience

Participants will receive access to the recorded sessions of the course.

EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more


Course Overview

Betting and gaming companies, such as casinos or sports companies , were historically known as being vehicles for money laundering of all kinds and funding of illicit activity. Recent years have seen a significant change in the sector, particularly from a regulatory perspective. There is a perception by many that the industry is lacking in regulatory pressure, which makes it a particularly attractive route for money laundering and terrorist financing.

Betting and Gaming has changed in the last years, mostly shifting to online, with online slot machines, casino games and sports betting becoming increasingly popular. This shift has meant that betting and gaming platforms can be accessed internationally, and payments and withdrawals can be processed at a much faster rate.

The growth of online and mobile channels has added to the challenge of keeping the industry operating within required regulations. Significant risks exist within this sector, largely due to its size, the volume of transactions and the number of people who participate.

Companies that are regulated by the National Betting Authority of Cyprus and the Cyprus Gaming Commission need to practise safe gaming and comply with the Anti-Money Laundering legislation in place, and with the Legislative framework of gaming regulation, in general. The main purpose of these regulations is to minimize or eliminate money laundering and terrorist financing risks in this sector, as well as keep the gaming safe.


Training Objectives

By the end of the programme, participants will be able to:

  • Explain the EU and local legal framework regarding Betting and gaming

  • Identify the different types of financial crime

  • Understand AML procedures which are to be followed by the various authorities and stakeholders

  • Identify financial crime risks specific to the organisation

  • Identify Money laundering risks in each of the gaming sectors

  • Describe compliance best practices and insights for gaming

  • Expand your knowledge on gaming customer due diligence

  • Name emerging technologies and trends in customer onboarding and reporting

  • Understand risks associated with high value customer and politically exposed persons and how to mitigate those risk

  • Identify and escalate suspicious activity

  • Perform relevant actions based on the legislative framework of gaming regulation

  • Understand the principles of Responsible Gaming

  • Identify red flags of problem gambling


Training Outline

AML Compliance in the Betting and Gaming Sector

Understanding Anti-Money Laundering (AML)

  • Definition and Purpose

  • Legal and Regulatory Framework: The Betting Law of 2019, EU AML Directives

  • Regulatory environment in Cyprus

Risk Assessment in the Betting and Gaming Industry

  • Identifying Potential Risks

  • Risk-based approach

  • Risk mitigation

Customer Due Diligence (CDD) Procedures

  • Identification and Verification

  • CDD and EDD measures

  • Transaction Monitoring

  • Sanctions screening

  • Ongoing due diligence

Reporting Suspicious Activities

  • Recognizing Red Flags

  • Reporting Mechanisms and Protocols

  • Post-reporting actions

Role of Employees in AML Compliance

  • Training and Awareness

  • Responsibilities and Accountability

Responsible Gaming Principles

Definition and Significance of Responsible Gaming

Regulatory Requirements for Responsible Gaming

  • Licensing and Compliance

  • Responsible Gaming Codes of Conduct

Identifying Problem Gambling

  • Signs and Symptoms

  • Customer Interaction and Intervention Techniques

Self-Exclusion Programs

  • Understanding and Implementing

  • Communication Strategies

  • Age Verification and Underage Gambling Prevention

  • Procedures and Tools

  • Legal Implications

Integrating AML and Responsible Gaming

  • Synergies and Interconnections: creating a Unified Approach

  • Shared Policies and Procedures

  • Case Studies and Best Practices

  • Success Stories in AML and Responsible Gaming Integration

  • Lessons Learned from Industry Leaders

Technology and Tools for Compliance

  • AML Software Solutions: overview and selection criteria

  • Implementation and Integration

  • Responsible Gaming Technologies

  • Tools for Monitoring and Intervention

  • Data Analytics for Problem Gambling Identification

Training and Development Strategies

  • Employee Training Programs: AML Training Modules and Responsible Gaming Workshops

  • Continuous Learning and Updates - staying Informed on Regulatory changes, Industry trends and Best Practices

Compliance Monitoring and Auditing

  • Internal Controls and Auditing Procedures

  • Regular Audits for AML Compliance

  • Responsible Gaming Performance Metrics

  • Corrective Actions and Continuous Improvement: addressing non-Compliance issues

Case studies discussions

Q&A


Who Should Attend

The programme is ideal for

  • C-Level executives (Managing Directors and CEOs, COO)

  • BoD members.

  • AML compliance officers

  • Risk Officers

  • Front line persons working in the gaming sector

  • Financial controllers

  • Accountants

  • Lawyers in:

- Betting companies

- Gaming and casino industry

- Regulatory Authorities

- Law Firms and Legal Consultants

- Financial Services Providers

- Software/Technology Providers

- Consulting Firms

- Sports Federations


Training Style

The programme has a practical delivery style with presentations, case studies, practical exercises, and direct-action points that will help participants apply the knowledge learned to keep their organisation compliant and the employees and customers safe.


CPD Recognition

This programme may be approved for up to 12 CPD units in Financial Regulation and AML. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

This training course may be approved as an external activity under the new ACAMS recertification category ”non-ACAMS credits” for up to 12 CPD units. Eligibility criteria and CPD Units are verified directly by the Association of Anti-Money Laundering Specialists (ACAMS). To read more about the non-ACAMS credits policies and eligibility criteria please click here.


In-house Training

For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.

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Facilitators

  • Chrysothemis Valanidou

    Chrysothemis Valanidou

    Chrysothemi Valanidou is a qualified lawyer, business solutions and compliance consultant, with over 10 years of experience in the betting and gaming industry and business advisory services. She previously served as CEO of a licensed betting company. She has completed her legal studies in law and is a member of the Cyprus Bar Association since 2015, advising gaming operators and executive teams on licensing, AML, responsible gaming, regulatory compliance, and marketing compliance across Cyprus and the EU. Founder of Startwise Ltd, Chrysothemi helps companies achieve sustainable growth through business solutions, strategic development, and operational structuring, effectively bridging legal compliance and commercial performance. She also organises and delivers professional training programmes and speaking engagements, providing specialised courses and presentations on AML, Responsible Gaming, and Marketing Compliance for the iGaming industry

Frequently Asked Questions

  • When will I receive my invoice?

    The invoice is issued on the day the course starts.

  • What payment methods are accepted?

    Payments can be made by bank transfer, cheque, or credit card.

  • When will my certificate be issued?

    Certificates are issued within 7–10 days after the course has been completed, provided that the invoice has been paid.

  • How can I access my certificate?

    Once your certificate has been issued, you will receive an automated email from Cademy notifying you that it is available.

    Click the Get Your Certificate button in the email to download your certificate.

    You can also access it from your Cademy account:

    1. Log in to your Cademy account from https://cademy.io
    2. Click on My Account from the top-right corner.
    3. From the drop-down menu select My Courses and Bookings.
    4. Choose the relevant course.
    5. Under Participants, click the three dots located next to your name. 
    6. Select Get Certificate.
  • Where can I access the course material?

    To access the course materials, such as presentations and recordings:

    1. Log in to your Cademy account from https://cademy.io
    2. Click on My Account from the top-right corner.
    3. From the drop-down menu select My Courses and Bookings.
    4. Choose the relevant course.
    5. Under Extra Details, you will find all the available course materials.
  • What is the HRDA?

    The Human Resource Development Authority (HRDA) of Cyprus is a semi-government governmental organisation that supports the development of workforce skills through training and development initiatives. Eligible training programmes approved by the HRDA may qualify for a subsidy, reducing the participation cost for eligible organisations and individuals, subject to the HRDA's terms and conditions.

  • Who is eligible for the HRDA subsidy?

    The HRDA subsidy is available to:

    • Companies registered in Cyprus that are applying for their employees.
    • Unemployed individuals who meet the eligibility requirements (see the FAQ below for required documents).
    • Self-employed individuals registered as self-employed in their ERMIS profile.

    To receive the subsidy, eligible persons must attend at least 75% of the course. 

  • What is ERMIS?

    ERMIS is the online platform of the Human Resource Development Authority (HRDA) of Cyprus, used for managing training programme registrations, participant details, subsidy applications, and attendance records. All participants attending HRDA-approved courses must have an ERMIS profile and use the platform’s attendance register to check in and check out during each course session. https://ermis.anad.org.cy/

  • What is the process for attending an HRDA-approved course?

    To attend an HRDA-approved course, you must:

    1. Register for the course through the EIMF website.
    2. Create the necessary ERMIS profile(s).
    3. Register for the course through ERMIS.
    4. Complete any additional HRDA requirements if you are applying for the subsidy as an unemployed or self-employed individual.
    5. Log onto ERMIS and check in through the relevant attendance register when you join the course session and check out when you leave each course session.

    See the FAQs below for detailed instructions.

  • Is an ERMIS profile required?

    Yes. ALL participants attending HRDA-approved courses must have an ERMIS profile, whether applying for the subsidy or not.

    • Companies applying for the HRDA subsidy for their employees:
    1. The company must have an ERMIS profile as a Legal Entity.
    2. The company must have their Employer role approved on the ERMIS system.
    3. Each participating employee, as well as a company authorised person and the company’s director, must have an ERMIS profile as a Natural Person
    4. The employees' and representatives’ profiles must be linked to the company's ERMIS profile.
    • All Individuals
    1. Must have an ERMIS profile as a Natural Person.

    You can create or access your ERMIS profile here: https://ermis.anad.org.cy/

  • How do I register for an HRDA-approved course through ERMIS?

    After booking your course through the EIMF website, you must also register through ERMIS, provided that the required profile(s) have already been created.

    • If you are registering as an individual:

    You must register through your personal ERMIS profile.

    • If a company is applying for the HRDA subsidy for its employees:
    1. Registration must be completed through the company’s ERMIS profile.
    2. The company profile used for registration must match the payroll company where each participant is employed.

    For example: If your organisation includes multiple companies, make sure each participant is registered under the correct company profile.

    Around one week before the course starts (or immediately after booking if you register less than one week before the course), we will email you the HRDA course details and instructions on how to complete your ERMIS registration.

  • What documents do unemployed individuals need to apply for the HRDA subsidy?

    When registering for the course through ERMIS, you must upload both of the following documents obtained from the Public Employment Service:

    1. A referral for participation in HRDA Multicompany courses (Παραπεμπτικό για Πολυεπιχειρησιακά Προγράμματα της ΑνΑΔ).
    2. An ES19 form confirming that you were unemployed from at least the course start date.
  • What do self-employed individuals need to do to apply for the HRDA subsidy?

    You must update your ERMIS profile:

    1. Log in to your ERMIS profile and select the Self-employed role from the available roles.
    2. Complete and submit the request.
    3. Once your request has been approved, you can register for courses and apply for the HRDA subsidy as a self-employed individual.

    When submitting your request, you must upload one of the following:

    1. A confirmation letter from the Social Insurance Services confirming acceptance of your registration as a self-employed person.
    2. A Confirmation letter from the Social Insurance Services confirming your self-employed status.
    3. Proof of payment of Social Insurance contributions for the most recent quarter (available through SISnet). 
  • Is the check-in and check-out process in ERMIS mandatory?

    Yes. All participants must log onto the ERMIS system and check onto the attendance register when they join a course session and check out when they leave a course session, as HRDA records attendance.

    To receive the subsidy, eligible persons must attend at least 75% of the course. Check-ins and check-outs reflect actual attendance.
     

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