Colombian casinos should report winners of more than us$ 4,500

Additionally, gambling operators must also report transactions performed by the same person within a month in one or more gambling centers of the same company for an amount that exceeds us$ 25,545. This measures have been taken to prevent and detect illegal activities of laundering of assets in the games of chance business.

According to technicians, the laundering of assets has become a risk for the gambling activity, and that's the reason why it is necessary to set policies and procedures in order to prevent and detect this phenomenon.

UAEIAF statement says the following: “In the case of games of chance, big amounts of money are involved, and these activities constitute a favourable environment to be the object of illegal acts”.

The regulation protects legal operators to manage or administrate the lottery monopoly, permanent bets and any other game of chance type and that they are subject to the surveillance and control of the Health National Superintendence.

It also includes centres that operate with equipments or gaming elements in businesses with the assistance of bettors, such as bingos, video bingos, slots, operated in casinos, slot halls or places that combine this activities with other commercial activities or services