Gambling Commission warns operators against relying on financial thresholds for AML checks
Great Britain’s Gambling Commission identified weaknesses in licensed operators’ anti-money laundering and counter-terrorist financing controls in an industry bulletin dated 3 October. It said some operators began customer risk checks only after financial thresholds were reached, despite other risk indicators, and recommended ongoing risk-based due diligence and monitoring.
Operators may need to review whether their customer checks respond to risk factors before financial thresholds are reached.