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Ireland’s AML strategy commits to stronger gambling-sector supervision

Regulation

Ireland’s government has launched its first National Anti-Money Laundering Strategy, committing to stronger supervision of sectors including gambling. The strategy sets out five objectives spanning risk assessment, regulation, government and private-sector capability, coordination and international cooperation.

Gambling operators in Ireland are among the sectors identified for stronger supervision over money-laundering risks.

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Regulation

GRAI sets out Irish gambling risk plan and proposed payment controls

Ireland’s Gambling Regulatory Authority is leading a national gambling risk assessment and a 30-point action plan, according to the report. The plan classifies remote bookmakers and private members’ clubs as significant money-laundering risks, and says clubs will be licensed. It also envisages industry standards for digital assets and closed-loop payments requiring withdrawals to the deposit account.

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