Gambling Business Group issue ‘open-house’ invitation to Treasury

Coinslot Peter Hannibal Gambling Business Group
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Peter Hannibal, Chief Executive of the industry-wide Gambling Business Group, has issued an open invitation for Treasury officials to attend a fact finding tour of UK gaming establishments to help inform its’ intelligence gathering process as part of the Anti Money Laundering Directive 4 (AMLD).

In a statement issued to the gambling media, Hannibal said: “The November 10 deadline for submissions is fast approaching and many observers fear, like I do, that Britain’s highly regulated, highly responsible gaming sectors including AGCs, Bingo Clubs and Pubs may become embroiled in a Europe wide, one size fits all, dragnet that is both disproportionate and unnecessary.

“All sectors of what is a well regulated and compliant industry are participating in the process but, I believe one of the most compelling arguments we have is also one of the most difficult to show empirically, namely our commitment to the KYC or Know Your Customer philosophy.

 

The November 10 deadline for submissions is fast approaching and many observers fear, like I do, that Britain’s highly regulated, highly responsible gaming sectors including AGCs, Bingo Clubs and Pubs may become embroiled in a Europe wide, one size fits all, dragnet that is both disproportionate and unnecessary.

 

“Visitors to any one of those gambling establishments will confirm the customer/staff relationship is more like a friendship, making it much easier to identify any changes in behaviour and activities which are outside of the norm. To get these arguments over the line, as well as the extremely low levels of suspicious activity reports, I have today issued an invitation to the relevant team at The Treasury to accompany me on a tour of the low stake gambling landscape, to meet with staff working at the coal face and to experience the nature of the close knit culture which exists, for themselves.”

 


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