Irish government assigns GRAI new financial-crime oversight measures for gambling

Ireland’s government published a national financial-crime risk assessment and assigned the GRAI a stronger supervisory role over gambling. The assessment classifies remote bookmakers as a significant money-laundering risk, while the action plan provides for mandatory licensing of private members’ clubs, stricter enforcement of casino licence and anti-money-laundering conditions, crypto due-diligence standards and closed-loop payments. Figures for 2023 put retail bookmakers’ revenue at about €2.4bn and online platforms’ revenue at about €2.6bn.