Modernizing AML: Canadian Gaming Association Ramps Up Efforts Amid Industry Challenges

The Canadian Gaming Association has been active for quite some time now in advocating for updates to anti-money laundering laws in our home and native land with the expansion of legal gambling. Dave Briggs addressed the topic at the beginning of the year with CGA boss Paul Burns, who said the uncertain political climate at that time most likely meant no movement until this fall. 

 

The CGA established a committee to continue moving ahead with its efforts to update the AML rules and regulations. The chair of that committee, Derek Ramm, was our guest on a new episode of the Gaming News Canada Show. Ramm, the Global Head of Advisory Services for Kinectify, knows AML like Corey Perry knows how to torment opponents, with a resume that includes stops with Canada’s financial intelligence unit (FINTRAC), the Alcohol and Gaming Commission of Ontario, the Ontario Lottery & Gaming Corporation (OLG), and the Bermuda Casino Gaming Commission. He will appear on “The urgent need to modernize Ontario’s AML framework” panel with moderator Amanda Brewer, FanDuel’s Brian Terranova and Scott Hutchison of Heinen Hutchison Robitaille LLC at next week’s Canadian Gaming Summit in the city below Aurora.

 

Along with discussing Kinectify’s role in identifying suspicious activity and working with stakeholders in Canada and the U.S., Ramm also answered our questions about the problems for operators in Ontario’s open market when it comes to AML. That included a hacking escapade in 2024 that made it impossible for operators to file suspicious transaction reports to FINTRAC, and hiccups by iGaming Ontario on data collection and technology since the opening of the market in April 2022.

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