New Money Laundering Regulations from the UKGC

[News Hound]

Come into affect on 10th January 2020. Full details: Updated Money Laundering Regulations from the UKGC

 

[goatwack]

"Combatting the financing of terrorism"

Snarf

 

[Kroffe]

Snarf

Loved this show as a kid, but something tells me you were not referring to him.

 

[goatwack]

Loved this show as a kid, but something tells me you were not referring to him.

Mumm-ra was exceptionally scary, I found

 

[interlog]

Blah blah fucking blah.....

In the meantime we have UKGC licensed casinos that hold on for days to your money when you try to withdraw.

How about sorting that UKGC or is that too much to ask?

 

[EkJR]

Mumm-ra was exceptionally scary, I found

He never ever won though, a serial loser! Like a bonanza player

 

[EkJR]

Expect casinos to hold onto your money whilst they wait 2 months for a home office check on the player...lol.

 

[Slottery]

Still didn't get very clear from that article what the fck is new in there... Maybe we can read here in few weeks how some casinos have decided to implement these new regulations by creating some more additional checks

 

[EkJR]

Still didn't get very clear from that article what the fck is new in there... Maybe we can read here in few weeks how some casinos have decided to implement these new regulations by creating some more additional checks

I thought they had turned the corner for clarity in the last update to LCCP on verification. This though seems to be a backward step, it's completely unclear what they are talking about.

 

[colinsunderland]

Come into affect on 10th January 2020. Full details: Updated Money Laundering Regulations from the UKGC

What is new as I can't actually see whats changed?

 

[goatwack]

Perhaps nicer font usage?

Or them going one step further with bamboozling everyone

"Further direction in relation to what information may be regarded as ‘obtained from a reliable source which is independent of the person whose identity is being verified"

So code for "We'll try not to not unconfuse you by clearing up the muddied clear waters"

 

[Slottery]

What is new as I can't actually see whats changed?

Same, maybe some very little details how to do something in practice but i believe there's nothing new coming for casinos what would really affect "normal" players. If until now some casinos haven't consider higher risk countries as higher risk i'm surprised...

But looks very typical UKGC regulation and with that information casinos can start to guess how exactly things would need to be implemented as not very specific examples etc.. provided, maybe they are not that sure there either and therefore not willing to provide more exact rules and practices.