Isle of Man GSC revises AML guidance for gambling licence holders
Regulation1 min read
The Isle of Man Gambling Supervision Commission issued revised supervisory guidance covering money laundering, terrorist financing and proliferation financing. The core requirements of the 2019 code remain unchanged, while the GSC said further targeted guidance is being prepared for software suppliers, virtual asset businesses and certain network service licence holders.
Revised supervisory guidance covering proliferation financing, terrorist financing and money laundering has been published by the Isle of Man Gambling Supervision Commission. Licence holders are expected to assess whether their existing controls can adequately mitigate those risks. The updated framework followed the jurisdiction’s national risk assessments in 2025 and 2026.
The guidance clarifies expectations for customer due diligence, transaction monitoring and risk assessments. The main legal requirements of the Gambling (Anti-Money Laundering and Countering the Financing of Terrorism) Code 2019 have not changed.
A February 2026 assessment rated the island’s gambling sector as medium-high risk for illicit finance. The assessment identified digital gaming as vulnerable because of high payment volumes, cross-border transfers, remote customer onboarding and varied payment methods. Land-based venues, which serve mainly local customers, received a medium-low risk rating.