- Joined
- May 22, 2012
Yes, the UKGC have instructed their licensees to tighten up on their anti money laundering measures with 17 deemed to be underperforming.
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I personally do not see the link between money laundering and problem gambling, sounds like another witch hunt to me.
Yes i see that, i just dont understand how in the example of the accountant in the article that it is wholly the casinos fault.I don't think the article is linking them and neither are the UKGC. They are working on both.
Yes i see that, i just dont understand how in the example of the accountant in the article that it is wholly the casinos fault.
They already do this under UKGC conditions with the 'Statement Of Wealth' request.Casinos should have red flags blaring if somebody often deposits and loses thousands and should do their due diligence to see whether the funds are from legitimate sources and the player can actually afford it.
Casinos should have red flags blaring if somebody often deposits and loses thousands and should do their due diligence to see whether the funds are from legitimate sources and the player can actually afford it.
I see a mandatory annual deposit limit of 5% of our annual income (as stated in our tax report) coming around the corner.
But is that something we want?
That would never come in. Enforceability would be impossible for startersI see a mandatory annual deposit limit of 5% of our annual income (as stated in our tax report) coming around the corner.
But is that something we want?
In the UK, we are not obliged to make an income tax report, or even pay income tax, unless we run a commercial enterprise, as the country runs on local community taxation, 'council tax'.I see a mandatory annual deposit limit of 5% of our annual income (as stated in our tax report) coming around the corner.
But is that something we want?
I started in 2004? I had to fax all my stuff in. I like these uploads now. lol. Times a changing!I agree with the UKGC on this one - especially detecting problem gamblers.
In my heydays late 1990's and early 2000's I would often lose 5 - 10K in a day and nobody ever questioned me as to where those funds were coming from, nor was I ever asked for KYC documents. But then, back then we were online at phone line speed, uploading documents with 2 - 3MB would take ages. Although, I think nobody bothered at the time.
You forgot to add " if they withdrawl".Casinos should have red flags blaring if somebody often deposits and loses thousands and should do their due diligence to see whether the funds are from legitimate sources and the player can actually afford it.