Part III: Business & Regulation · Gaming Regulation & Compliance
Money Laundering Reporting Officer (MLRO)
Compliance
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.
Related terms
More in Compliance
Risk Assessment·Risk-Based Approach (RBA)·Internal Controls·Segregation of Duties·Audit Trail·Regulatory Examination·Compliance Training·Recordkeeping
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.