Guidance
The prevention of money laundering and combating the financing of terrorism
Guidance for remote and non-remote casinos: fifth edition
5 - Timing of verification
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.89
The Regulations permit casino operators to complete verification during the establishment 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, provided that the verification is completed as soon as practicable after contact is first established with the customer.90
References
89Regulation 30(2).
90Regulation 30(3).
Customer due diligence measures Next section
Ongoing monitoring
Last updated: 12 November 2020
Show updates to this content
No changes to show.