New Prevent Gambling Crime Rules From UKGC

Published Saturday, May 07, 2016 -
New Prevent Gambling Crime Rules From UKGC

The United Kingdom has had regulated online gambling for years now and during that time many changes have been made to the regime to make things better for the consumer and the legitimate operators. The national regulatory body the UK Gambling Commission has been busy drawing up new regulations that will help prevent crime associated with gambling. The new rules compiled are the result of a UKGC-led consultation that was completed in 2015.

Due to be implemented later in the year the regulations require gambling operators licensed and active in the UK must conduct an assessment concerning the risks of money laundering in their operations and prove they have effective policies, procedures and measures in place to diminish these risks.

There is also a requirement that operators lets the UKGC know of any criminal investigations involving the operator or their premises where it appears the measures to keep crime out of the gambling online or offline have failed. Also staff should be given a list of terms and conditions about the prevention taking advantage of irregular betting patterns.

The Director of Regulation at the UK Gambling Commission Nick Tofiluk, commented on the changes,  “Britain’s gambling industry needs to focus on keeping crime out of gambling and these new requirements will help them do just that.

“We are urging all operators who supply products to consumers in Britain to read our document on the changes thoroughly and ensure their businesses are ready for when they come into force in the autumn.

“Along with ensuring their products are fair and open and children and vulnerable people are protected, preventing crime associated with gambling should be extremely high on every operator’s agenda.

“These new requirements encourage licensees to take a proactive and tailored approach to meeting their obligations to achieve meaningful results rather than focusing on processes alone.”


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