19 Oct 2016
The UK Gambling Commission (UKGC) will this month make a number of amendments to its licence conditions and codes of practice (LCCP) in a move to help prevent gambling-related crime.
Due to come into effect from October 31, changes include the requirement for all licensees to report criminal investigations they are involved in and where the UKGC may be expected to question whether the licensee’s measures to prevent crime in gambling have failed.
The Commission is also set to introduce a consolidated anti-money laundering requirement, whereby licensees will need to assess and manage the risk of their business being used for money laundering and terrorist financing, with brands based in foreign jurisdictions also subject to this condition.
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