Hi all,
All casinos that are operating under a European license needs to follow the EU´s Fourth AML Directive. One of the key highlights in this new directive was that it did now include entire gambling sector and not just land-based casinos. This is something that all casinos will have to start to do if they haven’t started yet to be able to operate and have valid licenses.
This procedure is new to us and I can admit that we have maybe been too quick on asking for payslips and other documentation. So we had internal meetings during the week on how we can improve this and we will now most of the times request declaration of source of funds instead.
This for player protection and there have been several cases already where casinos have a fine for not following the regulations and do what they could to prevent the damages that were done.
If you read these articles below you can see that damage could have been prevented if they would have done the checks and been able to spot that something was wrong.
So, it’s important to understand that this is a tool to protect players and most of the times when casinos receive the documents everything is ok, and the player can continue to enjoy the services just as before.
I hope this answer some of your questions and this is something that more casinos will start to do because of the new directive from EU.
Br,
Daniel