How Artificial Intelligence (AI) can make online betting safer

Given the regulatory climate around anti-money laundering (AML) compliance and safe betting procedures, it came as no surprise when the Gambling Commission slapped 888 with a £7.8m fine in August 2017, and even less so more recently when Paddy Power Betfair was also rapped to the tune of £2.2m. Each of the fines were handed down as a result of the operators' failing to install safety measures in support of responsible gaming and preventing the use of illicit funds on their platforms. Backed by a worldwide tightening up of illicit money trafficking by national financial intelligence units as well as global organizations such as the Financial Action Task Group (FATF) and the Egmont group, gaming lords are finally picking up on the cue to make online gaming a safer and more responsible experience. Money laundering harbors many perils to our well being as it is typically associated with organised crime, drugs, terror and illicit trading of wildlife. Federal agencies estimate that $300bn is laundered annually in the US alone.