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Can you summarize SDAR 20:18:35:33?
Requirements of sports wagering operations. > Anti-money laundering monitoring.
Short Summary
20 : 18 : 35 : 33 . Anti-money laundering monitoring . The licensee or sports wagering services provider shall develop and implement anti-money laundering procedures and policies that adequately address the risks posed by sports wagering for the potential of money laundering and terrorist financing. Additional requirements for anti-money laundering procedures and policies may be specified by the commission through internal control procedures . Source: 48 SDR 14, effective August 22, 2021 . General Authority: SDCL 42-7B-7 , 42-7B-11 (13). Law Implemented: SDCL 42-7B-2.1 (1), 42-7B-43 .
Jurisdiction
South Dakota