GSC updates AML guidance for gambling operators
Regulation1 min read
The Isle of Man's GSC updated its AML/CFT/CPF guidance for gambling operators to reflect 2025/2026 National Risk Assessments and current risks. It clarified expectations on risk-based controls, business relationships, customer and ownership risks, due diligence, payments, sanctions and reporting; the underlying Code requirements remain unchanged.
The guidance has been updated to reflect the 2025/2026 National Risk Assessments, identified threats and typologies, and the current risk environment. The GSC said the underlying Code requirements have not changed.
The guidance clarifies and expands the risk-based approach, including risks from business relationships, business-to-business arrangements, group structures, customers and beneficial ownership. Other revisions cover business, customer and technology risk assessments, identity checks, customer and enhanced due diligence, payment and transaction risks, terrorist and proliferation financing, financial sanctions, reporting, staff training and appointments. The GSC has clarified supervisory expectations where appropriate and updated links to guidance, typologies and resources.
The GSC asked operators to prioritise reviewing the guidance over its other recent publications and consider changes to their anti-money laundering, counter-terrorist financing and counter-proliferation financing frameworks. Any necessary updates should be made as soon as practicable after the review.
The GSC is updating other guidance, including material for software suppliers, OGRA licence holders with network services permissions, and virtual assets and goods. It invited operators to suggest areas needing further guidance or clarification and to contribute feedback on particular documents. Operators can contact the GSC for assistance or arrange a drop-in session at its offices.