Our approach to preventing money laundering
As the gambling supervisory body we have a duty to ensure adequate controls are in place to prevent casinos in this country being used for money laundering or terrorist funding.
All gambling operators have a responsibility to keep financial crime out of gambling, but non-remote and remote casinos have additional responsibilities under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the Regulations) (opens in new tab).
Statement of principles
Our Statement of Principles for Licensing and Regulation sets out the principles which underpin the our approach to investigations and prosecutions.
These principles also include our approach to anti-money laundering.
Our role as the supervisory authority
As a supervisory authority we:
- provide information and guidance, including an assessment of the money laundering and terrorist financing risks in the British gambling industry
- provide a single point of contact for the exchange of anti-money laundering information and intelligence
- raise awareness of operators’ responsibilities under the Proceeds of Crime Act 2002 (opens in new tab) (POCA) and the Regulations
- monitor suspicious activity report submissions and law enforcement activity
- undertake compliance assessments of operators’ understanding and application of anti-money laundering and counter terrorist financing risk-management controls
- produce risk assessments and profiles to assist in the planning of compliance assessments
- ensure our employees can take appropriate decisions on the suitability of anti-money laundering systems and controls
- ensure the integrity of the licensed gambling sector is not compromised by those seeking ownership or control of gambling businesses using criminal funds, or who would manage licensed gambling activity in a way that facilitates money laundering or terrorist financing.
Keeping you informed
Last updated: 2 September 2021
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