Monday, September 28, 2020

Tag: Anti Money Laundering Directive 4

Gambling Business Group happy to comply with FOI request

Coinslot - Gambling Business Group FOI request ice
The Gambling Business Group has been asked for its input regarding a Freedom Of Information request relating to the group’s response to the 4th Anti Money Laundering Directive consultation. A request it has been more than happy to respond to.   Strategic body, the Gambling Business Group (GBG), whose members account for the majority of Gross Gaming Yield in the UK, is...

Industry exempt from new money-laundering legislation

Coinslot - bacta money-laundering coin op
The coin-op sector will avoid the impact of the EU’s anti-money laundering directive, after the Treasury ruled that most of the gambling industry is to be excepted thanks to its ‘low-risk’ status. Almost every gambling sector in the UK will be exempted from incoming money laundering legislation, the government has announced. This includes all AGCs, pubs and bingo halls, along...

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

Coinslot Peter Hannibal Gambling Business Group
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...