Industry News
Fifth EU Anti-Money Laundering Directive Comes into Force

The updated Money Laundering Regulations, which implement the 5th EU Money Laundering Directive, has come into force. The Gambling Commission (the Commission) has now also published the 5th edition of its guidance for remote and non-remote casinos on the prevention of money laundering and combating the financing of terrorism, which comes into force immediately.
As previously advised, the Commission recognises that it takes time to implement changes and we will take that into account, but we expect to see that operators have acted promptly, invested appropriately and implemented changes with the requisite urgency. Additionally, the publication of this updated guidance must result in casino businesses reviewing, and accordingly amending, their money laundering and terrorist financing risk assessments, as well as the associated policies, procedures and controls.
The Commission has also incorporated additional guidance in relation to the risk-based approach, risk assessments and risk-based customer due diligence.
-
Asia3 days ago
Jetapult Strengthens AI Expertise: Onboards Industry Leaders, Oz Silahtar and Dr. Arjun Jain
-
Latest News4 days ago
Roobet Promo Code: Redeem “WRD100” Now to Get a Free Money & Cashback
-
Latest News4 days ago
Recently Released Slot Games Worth Checking Out
-
Latest News4 days ago
UK Gambling Commission Flags Deepfake-Fueled Money Laundering Threats in Online Gambling Sector
-
Latest News4 days ago
Regulatory Roadblocks: The Future of Sweepstakes Gaming in the U.S.
-
Africa4 days ago
Gaming Corps Expands African Presence with KingMakers Partnership
-
Latest News3 days ago
ULTIM8 SPORTSBOOK IFRAME: Ultimate Solution for Operators Who Have Seen It All
-
Latest News4 days ago
PG Soft debuts Doomsday Rampage slot