The UK Gambling Commission (UKGC) has updated its anti-money laundering (AML) guidance and warned licensees about criminals using artificial intelligence to create fake Know Your Customer (KYC) documents.
false proof of address and photo ID documents, deepfake videos, and face-swapping technology
This includes false proof of address and photo ID documents, deepfake videos, and face-swapping technology to enable them to launder their criminal proceeds.
The UKGC wants all operators to fully train their staff on how to properly spot signs of documents that were altered or generated with AI. The National Crime Agency found that people who create accounts in this fashion are likelier to use them for criminal activity.
Another big area of focus is when people are using cryptocurrency transactions, as it’s a popular medium for laundering funds.
Another cause for concern is the growing popularity of crash games, as criminals play these titles to try to mask their “high-risk behaviour of cashing out quickly with limited gameplay,” as the gameplay mechanics allow for such a possibility.
The regulator wants operators to introduce procedures that allow them to monitor suspicious wagering patterns in these game types.
