Wider ramifications of the UK’s regulatory clampdown

David Clifton has been interviewed by Payment Expert in relation to (a) the new Money Laundering Regulations and updated AML/CTF Guidance for casino operators from the Gambling Commission and (b) the recently announced credit card ban for for all forms of remote gambling and for non-remote betting with effect from 14 April 2020.

In the resultant article, entitled “Licensing expert David Clifton on the wider ramifications of the UK’s regulatory clampdown” (that can be downloaded below), David answers the following questions:

  1. Do you believe these changes, followed by the UK’s AML changes will usher in a year filled with regulatory hurdles for the UK gambling sector?
  2. The latest ML regulations abide by EU guidelines, is this a matter of necessity or simply a coincidence and you believe this will change post Brexit?
  3. How much of a challenge does the rapid implementation requested by the UKGC require of casino operators in terms of the updated AML guidelines?
  4. Could the onus fall on credit card companies and e-wallet providers to ensure that the credit card ban is observed?
  5. Where does the blockchain sector fit into the regulations?

UPDATE: On 29 January 2020, the Gambling Commission published Guidance for society lotteries and ELMs on the credit card ban and GAMSTOP, the content of which will also be of interest to remote gambling operators in other sectors who receive recurring subscription payments by credit card from customers.