The betting industry has continued to thrive in spite of the increasing regulation being applied. Governments around the globe are tightening the rules surrounding gambling activities, requiring compliance with licensing and other standards. The stricter requirements ensure that customer funds are handled in a responsible manner, while ensuring greater transparency and player protection. With increased regulation come tighter rules for Forex brokers as well, who must comply in order to avoid fines and other sanctions. Forex brokers must ensure that proper customer identification and Anti-Money Laundering (AML) protocols are in place, and that deposits and withdrawals are subject to scrutiny by regulators. To stay ahead of potential financial crime, Forex brokers must also commit to ongoing monitoring and risk management, in addition to keeping abreast of the latest regulatory developments.