U.k. Gambling Commission Urges Operators To Review A.m.l. Processes
By Casinomeister, Last updated Sep 11, 2015
Recommendation triggered by recent Rank Group investigation on money laundering
Britain's Gambling Commission has recommended that operators review the efficacy of their anti-money laundering procedures following shortcomings at the Rank Group which emerged following an investigation at Meccabingo.com and Grosvenor Casinos, and the conviction of a customer on an AML charge.
In acknowledging flaws in its procedures, the Rank Group has agreed with the Commission on a review of its AML controls, to be led by an independent third party; improved AML education and training; and the divestment of GBP 950,000 in gross profits derived from the AML shortcomings.
The divested profits will be remitted to the Commission to cover the costs of the investigation, and to fund agreed socially responsible causes.
Online Casino News Courtesy of Infopowa
The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophotography.
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