This training is designed to help participants understand how money laundering is perpetrated and how governments and anti-money laundering (AML) laws operate to counteract this crime. It also highlights the roles and responsibilities of the AMLC and covered persons in facing the threat of money laundering. Professional accountants , compliance officers, and other individuals in covered institutions such as banks, stock brokerages, casinos, and pawnshops will greatly benefit from this course.


In Lesson 6, participants should be able to identify and understand the various money laundering schemes used in casinos, such as hedging, use of false identities, infiltration of junkets and proxy betting.

Course curriculum

  • 1

    Test Your Knowledge

    • Test Your Knowledge

  • 2

    Handouts

    • Handouts - Anti-Money Laundering Series - Lesson 6

  • 3

    MODULE OVERVIEW

    • Module Overview - Lesson 6

  • 4

    Hedging and Gambling

    • Hedging: Casino to Bank Transfers

    • Use of Gambling Coupons and Licensed Casinos

  • 5

    Section Review : Hedging and Gambling

    • SECTION REVIEW: Hedging/ Casino to Bank Transfers

  • 6

    Use of Casino Gaming Account/ Significantly Large Wire Transfer

    • Use of Casino Gaming Account

    • Significantly Large Wire Transfer

  • 7

    Section Review

    • SECTION REVIEW: Use of Casino Gaming Account/ Significantly Large Wire Transfer

  • 8

    Cashing Out Without Record of Chips Purchase/ Use of Casino Accounts, Third Party Placement, Infiltration of Junket Management

    • Cashing Out Without Record of Chips Purchase

    • Use of Casino Accounts, Third Party Placement, Infiltration of Junket Management

  • 9

    Section Review

    • SECTION REVIEW: Cashing Out Without Record of Chips Purchase/ Use of Casino Accounts, Third Party Placement, Infiltration of Junket Management

  • 10

    Triggering Transaction Reports to Legitimize Suspicious Transactions/ Use of Third Parties to Move Illicit Funds/ Use of Debit Cards

    • Use of Third Parties, Triggering Transaction Reports to Legitimize Suspicious Transactions; Use of Third Parties to Move Illicit Funds

    • Use of Third Parties and False Identities; Use of Debit Cards

    • Proxy Betting

  • 11

    Section Review

    • SECTION REVIEW: Triggering Transaction Reports to Legitimize Suspicious Transactions/ Use of Third Parties to Move Illicit Funds/ Use of Debit Cards

  • 12

    EXERCISES

    • List of Scenario

    • Scenario 1

    • Scenario 1 - Questions

    • Scenario 2

    • Scenario 2 - Questions

    • Scenario 3

    • Scenario 3 - Questions

  • 13

    CASE STUDY

    • CASE STUDY

    • CASE STUDY - Questions

  • 14

    Quiz

    • Quiz

  • 15

    Evaluation Form

    • Evaluation Form - Introduction to Anti-Money Laundering - Lesson 6