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Prevention of money laundering

The German Money Laundering Act (AMLA) does not itself set out any direct rules for players, but merely stipulates obligations for certain types of companies, such as banks, financial service institutions or insurance companies and also casinos.

 

The AMLA came into force in 1993 to deal with the illegal acts of organized crime. Because only when cash is legally in the account of the person concerned and thus “laundered” can it be used without any problems. The aim of the AMLA is to prevent this illegal trade through the obligation to identify oneself. It is stipulated that a person is to be identified as from a transaction of 2,000 euros.

 

The casino must also inquire with the player whether he/she is acting on his/her own account or working for someone else (beneficial owner).

 

If a person approaches you in a casino who you do not know and asks if you could exchange a certain amount of cash for tokens for him at the cash desk, you should clearly reject this request. In such a case, you should also inform the casino’s appropriate supervisory staff about the incident.

 

To combat money laundering, Spielbank Berlin fully implements the requirements of the current money laundering law.