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Prevention of money laundering and the financing of terrorism

Timing of verification

6.18 Casino operators must comply with the requirement to verify the identity of the customer, any person claiming to act on behalf of the customer and, where applicable, any beneficial owner before the establishment of a business relationship or the carrying out of the transaction (regulation 30(2)). 

6.19 The Regulations, however, permit casino operators to complete verification during theestablishment of a business relationship if:

  • this is necessary so as not to interrupt the normal conduct of business
  • there is little risk of money laundering and terrorist financing occurring, but
  • only provided that the verification is completed as soon as practicable after contactis first established with the customer (regulation 30(3)). 

Next chapter: Ongoing monitoring