Part III: Business & Regulation · Gaming Regulation & Compliance

Money Laundering Reporting Officer (MLRO)

ComplianceREPORTED

The senior officer designated to oversee all AML/CFT activities within a casino or gaming operator, commonly used terminology in jurisdictions outside the United States (particularly in Europe and Asia-Pacific). The MLRO is responsible for ensuring the institution’s compliance with AML/CFT laws and regulations, reviewing and approving suspicious activity reports, liaising with regulatory authorities and Financial Intelligence Units, and reporting to senior management and the board on AML/CFT matters. The MLRO must have sufficient seniority, independence, and access to resources to perform these functions effectively.

One entry from the Casino Industry Glossary, 1,090 terms written for surveillance, compliance and operations professionals rather than for players. Definitions describe industry usage; where a term carries a regulatory meaning, verify against the instrument that governs your jurisdiction.