Duties and responsibilities under the Proceeds of Crime Act 2002

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Part 1 – Introduction and summary of the advice 

• Purpose of the advice
• Who is this intended for?
• The role of gambling operators
• The role of the Gambling Commission
• Licence conditions and codes of practice
• The Proceeds of Crime Act 2002
• Risk-based approach
• Customer relationships
• Duties under the Proceeds of Crime Act 2002 (Nominated officer and suspicious activity reporting)
• Failing to report (nominated officer)
• After a report has been made
• Prejudicing an investigation
• Training
• Terrorist financing

Part 2 – The advice

• What is meant by the proceeds of crime and money laundering?
• The Proceeds of Crime Act 2002
• Offences under the Proceeds of Crime Act 2002
• Risk-based approach
• - Identifying and assessing the risks
• - Risk assessments
• Customer relationships
•  - Establishment of business relationship
•  - Customer monitoring
•  - Termination of business relationship
• Duties under the Proceeds of Crime Act 2002
•  - Appointment of nominated officer
•  - Role of nominated officer
•  - Suspicious activities and reporting
•  - What is meant by knowledge and suspicion?
•  - What constitutes suspicious activity?
•  - Suspicious activity reports (SARs)
•  - Requesting a defence
•  - Applying for a defence
•  - Suspicious activity reporting requirements for remote operators
• Failing to report (nominated officer)
• After a report has been made
• Prejudicing an investigation
•  - Interaction with customers
• Training
• Terrorist financing

Figures

• Figure 1: Knowledge or suspicion of money laundering (subjective test)
• Figure 2: Requesting a defence
• Figure 3: Suspicious activity reporting requirements for remote operators 

Annex A – Glossary of terms