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Start date: 31 July 2017
End date: 8 September 2017

This consultation is now closed 

We aim to publish our response before 5 October

We are consulting on revised guidance (The Prevention of Money Laundering and Combating the Financing of Terrorism – guidance for remote and non-remote casinos) to reflect provisions in the new Money Laundering Regulations which came into force on 26 June 2017. 

The prevention of money laundering and combating the financing of terrorism: Updated guidance for remote and non-remote casinos - consultation

Key proposals included in this consultation:

  • Operators must now apply enhanced due diligence on domestic politically exposed people (PEPs) – previously this was only required on foreign PEPs
  • Operators are no longer permitted to outsource the nominated officer roles and responsibilities – we are asking what the impact will be
  • The customer due diligence threshold is no longer based on a customer’s aggregated spend over a 24-hour period, but is now determined by any transaction of €2,000 or more, whether it is a single transaction or occurs in several which appear to be linked.

We are seeking views on the key revisions that we propose to make to the guidance with the aim of generating specific discussion on these points. 

You are, however, free to make general points about the proposed changes, or points on changes that we have proposed but that are not specifically raised in the consultation questions.