The Asociación de Loterías Estatales Argentinas (ALEA) in Argentina has held a seminar on the prevention of money laundering and terrorism financing in Buenos Aires, drawing more than 130 participants from across the gambling sector.
The event was held in downtown Buenos Aires, aimed primarily at compliance officers and technical teams, and also brought together regulators, gambling companies and other organizations linked to the sector.
Institutional remarks were delivered by ALEA president Ida López, Buenos Aires City Government Chief of Staff Gabriel Sánchez Zinny, Lotería de la Ciudad de Buenos Aires President Jesús Acevedo, and Alberto Mendoza, director of supervision at Argentina's Financial Information Unit (UIF).
Ida López said: "The sector is undergoing a transformation that requires effective controls and dynamic regulation." She said the seminar allows participants to train, exchange experience and work together toward a system that functions preventively.
Over the course of the seminar, six panels featuring 25 specialists from the public and private sectors examined the main challenges the gambling industry faces in anti-money laundering and counter-terrorism financing, in a context shaped by evolving risks, regulation and technology.
Panel discussions covered the application of a risk-based approach, vulnerabilities and controls specific to land-based and online gambling, criminal methods associated with digital environments, risk management involving third parties and vendors, and independent external review processes.
According to the organizers, the range of speakers allowed the topics to be addressed from multiple angles, linking regulation, management, technology, compliance and risk analysis.
The seminar forms part of its ongoing training and knowledge-exchange agenda for the gambling sector.
ALEA represents Argentina's state-run lottery and gambling entities
