Tuesday, September 22, 2020

Tag: Money Laundering

EUROMAT makes the case for exemption from money laundering regulations

Euromat making case for exemption money laundering regulation
The clear distinction between different gaming operations are key to regulation, and so it should be for money laundering rules too. Euromat is arguing that when it comes to low stake gaming machines, the regulators need to show sense and reason: certain levels of operation are simply too low risk.

Rank’s profits suffer amidst new regulatory landscape

Business Meeting
The Rank Group’s first raft of financials under the leadership of John O’Reilly see the company’s management facing an uphill battle, as the real impact of the Gambling Commission’s new due-diligence measures on the UK’s landed casino sector starts to be felt Chief executive of the Rank Group and industry stalwart John O’Reilly has insisted that the company is “undervalued”...

BBPA welcomes money laundering consultation

Coinslot Media Watch Pub consultation
The British Beer & Pub Association (BBPA) has welcomed the result of the Money Laundering Regulations 2017 consultation   The findings of the consultation stipulate that only holders of casino operating licences will be subject to the requirements under the new regulations. Had pubs been asked to comply with additional regulation, this would have presented a significant additional cost burden. In its...

Britain’s AGCs confronted with the looming spectre of MLD

Coinslot Money Laundering
The Government will conclude a consultation on the implementation of the EU’s Fourth Money Laundering Directive this week which could have consequences for the UK’s gaming industry as a whole. Beware - the UK’s family run businesses will be facing more red tape and bureaucracy. Despite the outcome of June’s Brexit referendum, the UK remains a full EU Member State...