UK CLAMPDOWN ON AML CONTROLS AT ONLINE GAMBLING OPERATORS?

Calvin Ayre reports that the UK Gambling Commission had posted a notice on its website indicating that it had “begun investigations into 17 online operators, and are considering whether 5 of these require a licence review”, and that the investigations followed the “serious nature of our findings” from the its thematic review of the online sector’s “approach to anti-money laundering and social responsibility.”.   The Commission said it had written to all online operators to set out how it expected operators to review all of their processes aimed at tackling money laundering and meeting their social responsibility obligations.

http://www.gamblingcommission.gov.uk/news-action-and-statistics/news/2018/Letter-to-online-casino-operators.aspx

http://www.bbc.co.uk/news/uk-42583990?src=ilaw

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: