Chile Bolsters Anti-Money Laundering Efforts in Gambling Sector
Chilean authorities have bolstered their anti-money laundering initiatives by establishing a new collaboration pact. The head of the Chilean Financial Analysis Unit (UAF) and the Casino Regulatory Board (SCJ) have inked a revised accord to curb money laundering in gambling establishments.
This updated agreement underscores the commitment to fortify anti-money laundering efforts. Javier Cruz of the UAF and Vivian Villagrán of the SCJ put their signatures on the document, solidifying the cooperative bond between the two entities.
The agreement mandates that gambling venues will be subjected to inspection programs. Additionally, officials from both the UAF and SCJ will undergo pertinent training.
“Casinos are integral components of the national anti-money laundering and anti-terrorist financing framework, and as such, they are obligated to implement policies and procedures to thwart and detect suspicious activities linked to these two offenses,” stated Cruz.
“Consequently, it is of paramount importance that we engage in collaborative, educational, and oversight endeavors with the SCJ and the entities it regulates and oversees.”
Moreover, the agreement grants the SCJ the authority to delineate essential measures within Chile’s National Strategic Action Plan to Combat Money Laundering.
Villagran stated, “Global regulations mandate enhanced collaboration among agencies to safeguard our economic well-being and national security from the severe repercussions of money laundering and terrorist financing offenses.”
This week, the highest court declared that the Chilean gaming sector experienced a gradual rebound in June.
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