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GSC advances gambling bill after consultation draws 15 responses

Regulation

The Isle of Man Gambling Supervision Commission will proceed with its proposed Gambling Supervision Commission Bill after a public consultation, the regulator said. Thirteen of 15 respondents questioned the breadth of proposed investigatory powers; the GSC said these would not create ongoing duties for unlicensed entities and would include safeguards.

The bill would standardise inspection and investigation powers across seven gambling acts, affecting regulated entities and potential investigations.

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Regulation

FATF report flags gambling in underground banking and money-laundering risks

The Financial Action Task Force released a report on underground banking and hawala on 4 November 2026, drawing on surveys from 46 jurisdictions. The report identifies illegal gaming and gambling among criminal economies that may use these networks and describes casino-related value transfers, money-mule networks and misuse of payment infrastructure as relevant typologies.

The FATF has published a study covering Hawala and underground banking. FATF's release is dated 4 November 2026. The study draws on survey data from 46 jurisdictions and involved a FATF project team with more than 30 collaborators.

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