New AML guidance for remote and non-remote casinos

Gambling Commission_8The Gambling Commission has today published a new edition of its anti-money laundering guidance for remote and non-remote casinos. It comes into force immediately and can be downloaded below or accessed at http://www.gamblingcommission.gov.uk/pdf/Prevention-of-money-laundering-and-combating-the-financing-of-terrorism.pdf

The Commission states that the purpose of the third edition of “The Prevention of Money Laundering and Combating the Financing of Terrorism – guidance for remote and non-remote casinos” is to:

  • incorporate learning from its anti-money laundering case work
  • provide new guidance and update existing guidance in critical areas identified in its compliance and investigation activity
  • update references to the Serious Organised Crime Agency (SOCA) to the National Crime Agency (the NCA), its successor
  • meet the requirements of HM Treasury to review regularly any guidance issued.

The Commission has also reviewed the guidance in support of the proposals contained in the anti-money laundering chapter of its consultation on proposed amendments to the LCCP and it states that “casino operators should use the updated guidance in conjunction with the AML licence conditions contained within the LCCP which will come into effect in October 2016”. You can access the amended LCCP at https://cliftondavies.com/gambling-commission-publishes-updated-lccp/ 

The Commission also states: “We intend that licensees will use the parts of the updated guidance which relate to the amended anti-money laundering licence conditions, in preparation for those conditions coming into effect in October 2016. We intend that this edition of the guidance is the last edition before the EU 4th Money Laundering Directive is transposed into UK legislation”.

The Commission’s response on the section of its “prevention of crime associated with gambling” consultation relating to the above-mentioned guidance can also be downloaded below.

An updated version of “Duties and responsibilities under the Proceeds of Crime Act 2002 – Advice to operators (excluding casino operators)” is to be published later in the year.

The Commission’s ongoing compliance work has resulted in the publication of a number of public statements which set out details of certain operators’ AML failings, together with the steps taken to address them. Details of, and links to, these public statements are set out at http://www.gamblingcommission.gov.uk/Gambling-sectors/AML/Public-statements/Public-statements.aspx