Reminder for on-course bookmakers at Cheltenham Festival
10 March 2026
On-course bookmakers at Cheltenham Festival are reminded of their responsibilities in holding an operating licence, particularly in relation to the prevention of money laundering and handling large amounts of cash.
All licensees must address money laundering and terrorist financing risks by following appropriate policies, procedures and controls to mitigate against their business becoming a source of crime.
LCCP Condition 12.1.1 Anti-money laundering - Prevention of money laundering and terrorist financing places an obligation on gambling operators to be alert to attempts by customers to gamble money acquired unlawfully, either to attempt to ‘clean up' money or simply using criminal proceeds to fund their gambling.
Licensees are also reminded of their obligations to report any suspicions when they have concerns around activity or transactions they may encounter on-course - LCCP Condition 15.2.1 - Reporting key events and LCCP Condition 15.1.2 Reporting suspicion of offences etc – betting licences.
John Pierce, Commission Director of Enforcement, said: “Cheltenham Festival is an exceptionally busy period, and while the vast majority of on‑course betting is entirely legitimate and part of people enjoying their racing experience, Licensees should continue to ensure that their written policies, procedures, and controls remain robust and effective in practice, and that they remain vigilant to guard against counterfeit currency and criminal proceeds entering the gambling system.”
Last updated: 10 March 2026
Show updates to this content
No changes to show.