Chilean authorities have bolstered their anti-money laundering initiatives by establishing a new collaborative pact.
The heads of the Chilean Financial Analysis Unit (UAF) and the Gaming Control Board (SCJ) have inked an updated accord to curb money laundering within casinos.
The agreement aims to enhance cooperation between the two organizations in line with anti-money laundering regulations.
Under the terms of the pact, gambling establishments will undergo inspection programs, and UAF and SCJ personnel will receive specialized training.
“Casinos are integral components of the national anti-money laundering and anti-terrorism financing framework, thus necessitating the implementation of policies and procedures to prevent and detect suspicious activities associated with these offenses,” Cruz stated.
“Consequently, collaborative endeavors, training programs, and oversight activities with the SCJ and the entities it regulates and oversees are paramount.”
Moreover, the agreement will empower the SCJ to establish essential measures within the Chilean National Anti-Money Laundering Strategy Action Plan.
Villagran stated, “Global regulations necessitate the enhancement of collaboration among institutions to safeguard economies and nations from the substantial harm inflicted by money laundering and terrorist financing offenses.”
The SCJ report released this week indicated that Chile’s casino sector experienced a gradual rebound in June.
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