The UK government published its fourth National Risk Assessment on money laundering and terrorist financing, and the Gambling Commission said it will review its assessment of risks in the gambling sector. The commission expects to provide further details in the coming months.
The review may inform the Gambling Commission’s risk priorities and oversight of UK gambling businesses.
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The UK Gambling Commission said its financial risk assessment pilot will continue until April 2025. Its first phase covered 530,000 assessments across three credit agencies on roughly 300,000 accounts, with 95% of accounts meeting the commission’s success criteria.
Gambling Commission Enforcement Director John Pierce said the regulator will publish a sector risk assessment on money laundering and terrorist financing in July. Speaking at a conference on 10 June, he said compliance had improved but cited continuing gaps in operators’ controls, staff training and checks.
Reportedly, the UK Gambling Commission has placed gambling software suppliers in the medium-risk category in its 2026 anti-money-laundering assessment. Software suppliers are the only sector whose rating changed in the assessment.
It was reported that BHA questioned UKGC’s account of engagement on financial risk assessments. UKGC says it has engaged proactively, including in a response from acting chief Sarah Gardner to a parliamentary committee.
It was reported that UKGC promised to release its full financial risk assessment evidence. The pledge follows questions from a parliamentary committee.