Guidance
The 2023 money laundering and terrorist financing risks within the British gambling industry
The Gambling Commission's money laundering and terrorist financing risk assessment for the British gambling industry in 2023.
12 - Bingo (non-remote)
Sector rating
Sector | Previous overall risk rating | Current overall risk rating |
---|---|---|
Bingo (non-remote) | Medium | Medium |
For further information relating to the inherent risks (including vulnerabilities, consequences and controls), see our previous 2020 risk assessment.
Inherent risks
Vulnerability | Risk | Likelihood of event occurring | Impact of event occurring | Overall risk | Change in risk |
---|---|---|---|---|---|
Operator control | Operators failing to comply with prevention of money laundering and terrorist financing legislation and guidance | Medium (2) | Medium (2) | Medium (4) | No change | Operator control | Lack of or inadequate ‘know your customer’ (KYC) checks conducted resulting in criminals laundering criminal proceeds | Medium (2) | Medium (2) | Medium (4) | No change | Operator control | Third party business relationships and business investors | Medium (2) | Medium (2) | Medium (4) | New risk | Licensing and integrity | Gambling operations being acquired by organised crime to launder criminal proceeds | Low (1) | Medium (2) | Low (2) | No change | Licensing and integrity | Employees colluding with criminals | Low (1) | Medium (2) | Low (2) | No change | Customer | Anonymous customers laundering proceeds of crime through gaming machines | Low (1) | Medium (2) | Low (2) | No change | Product | Electronic Betting Terminals (EBTs) including table-top gaming (either traditionally or via EBT content) | Low (1) | Medium (2) | Low (2) | No change | Product | Gaming Machines, Category B3 | Low (1) | Medium (2) | Low (2) | No change | Product | Bring your own device (BYOD) | Low (1) | Medium (2) | Low (2) | New risk rating | Means of payment | Cash payments | Medium (2) | Medium (2) | Medium (4) | No change | Means of payment | Ticket-in-ticket-out (TITO) facilities used to launder funds when used in conjunction with automatic ticket redemption machines (ATR) | Medium (2) | Medium (2) | Medium (4) | No change | Means of payment | Cashless payment | Low (1) | Medium (2) | Low (2) | No change | Means of payment | Scottish notes | Low (1) | Medium (2) | Low (2) | New risk |
Case study
Scottish notes
A customer attempted to exchange a large amount of Scottish notes for English notes at the cash desk but was unable to explain the origin of the funds when asked.
2023 money laundering and risks - Bingo (remote) Next section
2023 money laundering and risks - Arcades
Last updated: 13 June 2024
Show updates to this content
Tags updated