Gambling Commission updates its approach to AML supervision

The Gambling Commission has revised and updated its approach to anti-money laundering supervision (a copy of which can be downloaded below). This is a relatively minor update in advance of a more significant update from the Commission that will follow once the new Money Laundering Regulations (implementing the 4th EU Money Laundering Directive) come into effect in June 2017.

You can read more about the UK Government’s decision to exempt all gambling service providers from the requirements of the 4th EU Directive, except remote and non-remote casinos here and the Gambling Commission’s money laundering and terrorist financing risk assessment of the British gambling industry that informed that decision here. David Clifton’s most recent comments on the subject are contained in a lead news article for Online Gambling Lawyer

Download article PDF: GC Approach to AML supervision