If you still have to complete your annual Anti-Money Laundering training for Ontario, the deadline is March 31st!

According to the requirements set by the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its associated regulations, an AML Compliance Program needs to incorporate ongoing training sessions for staff members. The purpose of this training is to enhance Operators with better understandings of the regulatory duties, AML procedures, and the implemented controls, while also outlining Operators’ roles in detecting and preventing activities related to Money Laundering and Terrorist Financing.

Here are some reminders:

  • All employees involved in AML/ATF-related activities, including Senior Management (with roles outlined in your AML policies and procedures), are required to complete the iGO 2024 AML/ATF Training by March 31, 2024.
  • An assessment with a minimum passing score of 80% is mandatory. Record of successful completion, including the assessment results, must be shown for each employee and made available if requested.
  • Operators can use their own training module as long as it incorporates and utilises the iGO AML/ATF training content, specifically Canadian AML/ATF regulatory requirements, at a minimum.
  • Upon completion of the training, an attestation must be sent over to confirm that all employees required to take this training have done it. This attestation must be submitted to iGO no later than April 12, 2024. It is crucial that all necessary employees complete this training module by the specified deadline to ensure that AML/ATF compliance standards are met.

Understanding the responsibilities that both individuals and businesses should have in order to identify instances of money laundering and terrorist financing along with how to prevent them is the main goal of this training. Learning the obligations when it comes to reporting and recording these instances is also imperative.

iGaming Academy has a partnership with the Canadian Gaming Authority (CGA) that brings vital Canadian-specific eLearning courses and services to the market. Together we bring our online training capabilities and experience with their Canadian network, market expertise, and insight.

If you need to get your Ontario AML training done ASAP, here’s the link to our course:

Anti-Money Laundering and Counter Terrorist Financing For Online Operators

Need the training for your whole company? Check out our Learning Management System, which can be curated to seamlessly teach all your employees:

Interested to learn more about our CGA Partnership, see here:

Get in touch with us if you have any more questions

Get our Newsletter

We send out regular updates featuring new courses, promotions and exclusive insight