The UK Gambling Commission, a UK body sponsored by the Department for Culture Media and Sport and established under the Gambling Act in 2005 that is unded by betting licensing fees, has the responsibility of regulating betting and remote gaming for the UK.
The Commission has adopted on 28 December 2007 a Guidance document for online and offline casions on how they shoudl comply with the new UK regulation - Anti-Money Laundering Regulations (AML), which come into effect on 15 December 2007, and the Proceeds of Crime Act (POCA).
This document is a must read for casinos - not only for the ones in UK - The Prevention of Money Laundering and Combating the Financing of Terrorism. Guidance for remote and non-remote casinos. Guidance to remote and non-remote casinos concerning their responsibilities under the Money Laundering Regulations, which came into effect on 15 December 2007, and the Proceeds of Crime Act.
The document also received seven answers during the period of public consultation, that are also available online.
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[…] UK gambling commission publishes guidance for online gambling business how to deal with money launde… UK gambling commission publishes guidance for online gambling business how to deal with money laundering and combatting terrorism The UK Gambling Commission, a UK body sponsored by the Department for Culture Media and Sport and established under the Gambling Act in 2005 that is unded by betting licensing fees, has the responsibility of regulating betting and remote gaming for the UK. The Commission has adopted on 28 December 2007 a Guidance document for online and offline casions on how they […]
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