Part III: Business & Regulation · Gaming Regulation & Compliance

Beneficial Owner

AML/CFT

The natural person who ultimately owns, controls, or benefits from a legal entity, trust, account, or transaction, regardless of the named account holder or legal owner. Identifying the beneficial owner is a critical AML requirement because criminals often use shell companies, nominees, and complex corporate structures to conceal their involvement. Casinos must establish policies and procedures to identify and verify the beneficial owners of corporate accounts, front money deposits, and other business relationships, particularly when the customer is a legal entity rather than an individual.

One entry from the Casino Industry Glossary — 1,157 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.