01/16/2012 : BRIT GAMBLING COMMISSION UPDATES MONEY LAUNDERING ADVISORY
Second edition includes latest legal requirements
The UK Gambling Commission has updated its operator advisory on money laundering precautions in a second edition that incorporates amendments to the Proceeds of Crime Act 2002 which occurred after the publication of the first edition (for example, the offences contained in Part 7 of the Proceeds of Crime Act)
The second edition of “Prevention of money laundering and combating the financing of terrorism guidance for remote and non-remote casinos" is dated December 2011 and reflects changes with regard to the prescribed form for reporting suspicious activity and the cancellation of the ‘Moneyweb' service by the Serious Organised Crime Agency.
It also incorporates an agreed procedure for remote casinos in respect of the application of regulation 11 of the Money Laundering Regulations 2007.