Strengthening Anti-Money Laundering (AML) & Countering the Financing of Terrorism (CFT) in the Gambling Sector

6th March 2025- Eliott Hotel - the Gibraltar Betting and Gaming Association (GBGA) was pleased to host an insightful in-person event focused on Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT), bringing together key stakeholders from the gambling sector to discuss emerging risks and best practices.

Nicholas Macias Secretary General for the GBGA, welcomed guests and gave a great opening speech about the importance of GBGA and the Gambling Sector to be part of the conversations around AML and our continued journey to be committed to stay compliant.

Under #ProjectNexus outreach and engagement, Edgar Lopez, Director of the Gibraltar Financial Intelligence Unit (GFIU), and Carl Ramagge, Head of Operations at the GFIU, provided a valuable update on the quality and effectiveness of Suspicious Activity Reports (SARs) submitted by our industry. As the largest contributor of SARs to the GFIU, the gambling sector plays a crucial role in combating financial crime, making sessions like these vital to staying ahead of evolving threats.

We were also privileged to hear from Annette Perales, National Coordinator (Delegate) for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), who shared insights on the upcoming National Risk Assessment (NRA) and sector-specific risks. Additionally, Gambling Commissioner Andrew Lyman reinforced the importance of compliance from a regulatory standpoint.

The session was free to all GBGA members and there was a informal social afterwards for attendees.

A huge thank you to all attendees, including those who traveled from the United Kingdom (UK), and to our speakers for their expertise. Your engagement and commitment to compliance continue to strengthen Gibraltar’s position as a leader in responsible gaming.