Jenner & Block

Client Alert: Update - Sports Betting and AML Compliance

Earlier this week, the US Supreme Court decided that federal law can no longer force states to ban sports betting. Now that the federal prohibition will end, new sports betting outlets – both brick-and-mortar venues and online – will undoubtedly proliferate.  These new outlets will be subject to the Bank Secrecy Act (BSA) and will therefore need anti-money laundering (AML) compliance programs.

To read the full alert, please click here.