The Gambling Commission has published a new version of its Licence Conditions and Codes of Practice, including the changes from recent consultations. It does not come into effect until 31 October 2016. It can be downloaded below.
The Commission has commented on the new changes as follows:
“We think that the most effective regulatory approach is to focus on the outcomes we expect operators to achieve. In some areas we specify particular rules or processes, but where possible, we aim to allow licensees to take differing approaches to meet our requirements. This includes using rapidly developing technological tools and data analytics.
A key focus of this review has been the anti-money laundering provisions within LCCP and we have introduced a new consolidated principal anti-money laundering requirement as the most significant change. This will require licensees to assess and manage the risks of their business being used for money laundering and terrorist financing.
Our outcomes based approach puts an increasing emphasis on the need for licensees to evidence their decision-making processes, and to be accountable for managing available information. This helps to assure us that the licensee is serious about assessing, managing and mitigating risks. This evidence base will also be important to ongoing compliance work and in future enforcement cases.
As part of our ongoing process of reviewing our regulatory approach we will review information and key events reporting requirements further later in the year as part of a wider review of regulatory data reporting. This will consider how collecting information around, for example, police call outs to gambling premises might be useful to help meet social responsibility requirements.”