Isle of Man GSC expands AML guidance to B2B and group risks
Regulation2 min read
The Isle of Man Gambling Supervision Commission said it published version 1.4 of its AML/CFT guidance for gambling operators on 10 November, giving more attention to B2B relationships, group structures and beneficial ownership. The 2019 Code remains unchanged; the updated guidance reflects the island’s 2025 and 2026 national risk assessments, with further guidance planned for software suppliers, network-service licence holders and virtual assets and goods.
New anti-money laundering guidance asks gambling operators to give more attention to risks associated with business-to-business arrangements, corporate structures and beneficial ownership; the Isle of Man Gambling Supervision Commission published it on 10 November. Version 1.4 reflects the island’s national risk assessments for 2025 and 2026 and the threats identified in them.
The guidance broadens its explanation of the risk-based approach to encompass operators’ wider business relationships. Operators are asked to assess the effect on their risk profiles of factors such as outsourcing, ownership, control, corporate groups and other significant relationships. Refreshed sections address risk assessments for businesses, customers and technology, as well as identity checks and customer and enhanced due diligence. They also address risks involving payments and transactions, financing of terrorism and proliferation, sanctions, reporting, staff appointments and training.
The underlying requirements of the 2019 gambling code on money laundering and terrorist financing remain unchanged, the GSC said; the update explains how to meet them. Operators are advised to review the guidance, assess whether their frameworks need changes and implement any updates as soon as practicable. Those needing assistance can get in touch with the regulator or book a drop-in session with staff at its Douglas offices.
A February assessment of money laundering risk in the island’s gambling sector classified both online gambling and the sector overall as medium-high risk, while assigning land-based gambling a medium-low rating. The assessment highlighted organised crime groups, some from East and Southeast Asia, as well as the risk that criminals could own gambling businesses or B2B providers using front companies and intricate corporate structures. Britain’s Gambling Commission raised the risk rating for gambling software to medium in its 2026 assessment.
The GSC increased its action against illegal gambling in July and published its 2026 proliferation financing survey on 10 November. Of operators that also participated in 2024, 94% said they had acted to improve their understanding, while 80% reported better awareness.
The GSC is updating its guidance for software suppliers, licence holders with network services permissions, and virtual assets and goods. It has asked operators to suggest where they want more detail.