New version of UKGC AML/CTF Guidance for casinos published

The Gambling Commission has today (15 February 2021) announced publication of a revised version of its AML and CTF guidance for remote and non-remote casino operators, that comes into immediate effect.

Its website announcement reads as follows:

Revision to guidance for remote and non-remote casino operators

The Gambling Commission has published Revision 2 of the 5th Edition of the guidance for non-remote and remote casino operators on the prevention of money laundering and combating the financing of terrorism. This revision reflects changes following the United Kingdom’s exit from the European Union.

The changes to the guidance are minor, and are as follows:

  • in the enhanced customer due diligence and reliance chapters of the guidance, the addition of text clarifying the list of high-risk third countries which now applies in the United Kingdom
  • the replacement in the guidance of instances of EEA state with “the United Kingdom”
  • in the reliance chapter of the guidance, the removal of persons who carry on business in another EEA state as third parties which may be relied on
  • the amendment of the definition of third country, which is now a country outside the United Kingdom.

The new version of the guidance has been approved by HM Treasury and comes into effect immediately.

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You might also be interested to read our previous posting entitled “Changes to the UK’s financial sanctions framework w.e.f. 11pm on 31 December 2020”.