Compliance Updates

UK Gambling Commission welcomes new Economic Crime Plan

Published

6 years ago

July 29, 2019

Niji Narayan

UK Gambling Commission announces package of changes which make online games safer by design

Reading Time: < 1 minute

The UK Government has published its new Economic Crime Plan, which sets out priority areas for combating economic crime, such as money laundering and terrorist financing.

The new plan has been agreed between the Chancellor, the Home Secretary, major financial institutions, legal, accountancy and property organisations, and law enforcement, including the UK Gambling Commission.

As a statutory supervisor under the money laundering regulations, the UK Gambling Commission endorses the plan and looks forward to contributing to its delivery.

Gambling operators will play a vital role in assisting the Commission and the UK Government. They have to amend their risk assessments, policies and other controls wherever necessary.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.