Gambling - Commission publish new rules on to tackle crime linked to gambling

The Gambling Commission have today announced new requirements to “prevent crime associated with gambling”

The new requirements are said to be coming into force later this year and as part of the changes operators will be required to

1. Conduct an assessment of the risks of money laundering in their business and show that they have effective policies, and procedures and measures in place to mitigate against these matters
2. Report to the Commission “any criminal investigations involving them or their premises where it appears their measures have failed to keep crime out of gambling”
3. ” should impose terms and conditions on employees from taking advantage of suspicious or irregular betting patterns”

Nick Tofiluk, Commission director of regulation, said:

“Britain’s gambling industry needs to focus on keeping crime out of gambling and these new requirements will help them do just that. We are urging all operators who supply products to consumers in Britain to read our document on the changes thoroughly and ensure their businesses are ready for when they come into force in the autumn. Along with ensuring their products are fair and open and children and vulnerable people are protected, preventing crime associated with gambling should be extremely high on every operator’s agenda. These new requirements encourage licensees to take a proactive and tailored approach to meeting their obligations to achieve meaningful results rather than focusing on processes alone.”

Later this year the Gambling Commission will be considering whether to require licensees to provide information about crimes not covered by the latest changes - such as police call-outs to premises

A link to the Commission article can be found here.