Recent AML updates published by the Gambling Commission during August and September this year are set out below.
18 September 2019
Corrections to Ukraine (Sovereignty and Territorial Integrity) regime
OFSI has corrected information for two entries in the Ukraine (Sovereignty and Territorial Integrity) regime.
The identifying information for Oleg Tsariov (Group ID: 12973) and the Federal State Budgetary Enterprise ‘Sanatorium Nizhnyaya Oreanda’ of the Administration of the President of the Russian Federation (Group ID: 13058) has been amended.
These designated persons remain on the consolidated list and subject to an asset freeze.
OFSI renews 2 terrorist listings
OFSI has renewed 2 listings under the Terrorist-Asset Freezing Act.
OFSI has renewed the designation of Ejército de Liberación Nacional (ELN) and Sendero Luminoso (SL). Both remain subject to restrictions set out in the UK’s Terrorist Asset-Freezing etc. Act 2010 (TAFA).
Amendments to Ukraine (Sovereignty and Territorial Integrity) regime
The EU has amended information for multiple entries in the Ukraine (Sovereignty and Territorial Integrity).
The identifying information for 19 individuals and 18 entities has been amended. These designated persons remain on the consolidated list and subject to an asset freeze.
This follows Council Implementing Regulation (EU) 2019/1403.
13 September 2019
The Gambling Commission has today published a minor revision of The Prevention of money laundering and combating the financing of terrorism: Guidance for remote and non-remote casinos (Fourth edition).
The main purpose of this revision is to include reference to the EU 5thMoney Laundering Directive and to incorporate recent changes to links to the consolidated list of sanctioned persons published by the Office for Financial Sanctions Implementation, which came into effect on 30 August 2019.
In addition, we have added some further clarity to paragraph 6.40 of the guidance and taken the opportunity to correct a number of typographical and grammatical errors.
This new version of the guidance comes into effect immediately.
9 September 2019
Frozen assets reporting 2019
HM Treasury has launched its annual Frozen Assets Review on GOV.UK.
As in previous years, all individuals, organisations and businesses (including gambling operators) holding frozen assets will have until Friday 11 October 2019 to submit their report to the Treasury’s Office of Financial Sanctions Implementation (OFSI).
Reports should include the value of all such assets as of close of business on Monday 30 September 2019. If you do not hold frozen assets there is no need to submit a nil return to OFSI, except in cases where assets were reported last year and are no longer held.
The Gambling Commission recognises the importance of the Frozen Assets Review as a way to ensure financial sanctions remain an effective foreign policy and national security tool, and urges operators to make any relevant submissions in good time for the Friday 11 October 2019 deadline.
Any queries should also be directed to email@example.com.
30 August 2019
The Office for Financial Sanctions Implementation (OFSI) has today published new links to the consolidated list, the system it uses to publish the details of individuals and entities subject to financial sanctions.
The current pages containing the consolidated list will be removed. It is important that any bookmarks to the old pages are now updated to the new pages.
The list is available in the following formats: CSV; HTML; PDF; TXT; XLS; XSLX; and XML.
OFSI have also released a useful new search tool, to help individuals and organisations identify targets of financial sanctions more easily.
Gambling operators are encouraged to update their internal processes and procedures to reflect the new links.
20 August 2019
At the end of August, the Office for Financial Sanctions Implementation (OFSI) will update links to the consolidated list, the system it uses to publish the details of individuals and entities subject to financial sanctions. The consolidated list extracts will have new updated links on the gov.uk website. It is important that any old links are updated to the new links once they are live on the gov.uk website.
In addition to the existing five formats in which OFSI currently publishes the consolidated list, it will now also be published as an .xml file. The files will be updated as and when there are changes to the consolidated list and you will continue to be able to use the consolidated list as you do now.
There will also be a new search tool to help individuals and organisations identify targets of financial sanctions more easily. This allows users to quickly search the list of asset-freeze targets and the list of targets subject to restrictions on financial markets and services. Further details will be published in the coming weeks.
OFSI will be updating current links to the consolidated list on 30 August 2019.
19 August 2019
Two individuals have been added to the ISIL (Da’esh) and Al-Qaida Organisations financial sanctions regime. The Office for Financial Sanctions Implementation has updated the consolidated list of asset freeze targets to reflect these changes.
The full notice is available here.
The consolidated list of targets is available here.
The above updates (together with earlier updates) can be accessed online here.
We have commented:
- in our own website posting on the frozen assets reporting deadline of 11 October 2019 and
- in our own website posting on the minor revision on 13 September 2019 of The Prevention of money laundering and combating the financing of terrorism: Guidance for remote and non-remote casinos (Fourth edition).