Tag Archives: AML

Time for bookmakers to wake up and smell the coffee on AML rules

SBC News Time for bookmakers to wake up and smell the coffee on AML rules

Licensing expert David Clifton, of gambling consultancy Clifton Davies, takes a look at the recent movement by the regulator to tighten up money-laundering processes and doesn’t see any good news for bookmakers. The recent publication on the Gambling Commission’s website of a public statement highlighting failures in Paddy Power’s anti-money laundering (AML) and social responsibility processes is the latest in what …

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UKGC – Rank Group investigations show need for greater AML controls

The UK Gambling Commission (UKGC) wants UK operators to critically review the effectiveness of their policies and procedures with regards to anti-money laundering (AML) and customer protections. The UKGC has urged operators for stricter reviews and practices following the completion of an investigation of AML policies at Rank Group subsidiaries Grosvenor Casinos and meccabingo.com, prompted by the conviction of money …

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