Tag Archives: Gambling Commission

Another disappointing report card

Posted on December 1, 2021 by Susan Grossey author

You know only too well my views (here and here, for instance) on the ridiculously over-crowded AML supervisory “space” in the UK: we have three statutory supervisors (the Financial Conduct Authority, HMRC and the Gambling Commission) and then 22 “professional … Continue reading →

Posted in Uncategorized | Tagged AML, due diligence, Economic Crime Plan, FATF, FCA, Financial Conduct Authority, Gambling Commission, HMRC, legislation, money laundering, mutual evaluation report, OPBAS, supervision | 2 Comments

Less than super-vision

Posted on September 29, 2021 by Susan Grossey author

I assume most of you know how I feel about the theory of OPBAS – i.e. that the solution to the fragmented and conflicting AML/CFT supervision arrangements in the UK is not to rationalise the number of supervisors but rather … Continue reading →

Posted in Uncategorized | Tagged AML, AML/CFT, due diligence, FCA, financial crime, Gambling Commission, HM Treasury, HMRC, money laundering, OPBAS, professional body supervisor, risk-based approach, supervision, supervisor | 1 Comment

So near and yet so far

Posted on August 21, 2019 by Susan Grossey author

At the end of June 2019, the UK’s Gambling Commission – one of our five-star AML regulators, getting top marks from users for both approachability and communication – published its 2018 money laundering and terrorist financing risk assessment. This examines … Continue reading →

Posted in AML, Money laundering, Publications, Regulation | Tagged AML, casino, communication, due diligence, financial crime, Gambling Commission, government, money laundering, proceeds of crime, publications, risk-based approach | Leave a comment

Report from the frontline

Posted on June 19, 2019 by Susan Grossey author

It may surprise you to hear that when I was a teenager I wanted to be, no, not a model or an air hostess (as they were called in the dim and distant 1980s) or even an AML specialist, but … Continue reading →

Posted in AML, Money laundering, Publications | Tagged AML, communication, Economist Intelligence Unit, financial crime, Gambling Commission, Law Society, LexisNexis, money laundering, publications, research | 6 Comments

Too much of a bad thing

Posted on April 3, 2019 by Susan Grossey author

Please may I distract you from the festering plague sore that is Brexit by drawing your attention instead to something we Brits do rather well, which is AML supervision. In fact we’re so good at this that we have dozens … Continue reading →

Posted in AML, Money laundering, Supervision | Tagged AML, due diligence, FCA, Financial Action Task Force, financial crime, Gambling Commission, government, HMRC, legislation, money laundering, OPBAS, RUSI, supervision | 9 Comments

Wimples and wagers

Posted on December 21, 2018 by Susan Grossey author

In recent AML training I have found myself talking more and more about the “CDD jigsaw”. As with all jigsaws, the CDD version involves gathering lots of little bits of information – some of which might seem indecipherable or unrelated … Continue reading →

Posted in AML, Money laundering | Tagged AML, casino, due diligence, financial crime, Gambling Commission, money laundering, proceeds of crime, source of funds, suspicion | 2 Comments

The concept of anonymous publication

Posted on December 12, 2018 by Susan Grossey author

We all have a talent, and mine is words. I love reading and writing them, my spelling is pretty crash-hot, and if I am trying to remember something, I tend to see it as a word, e.g. “I’ve forgotten his … Continue reading →

Posted in AML, Money laundering, Supervision | Tagged AML, communication, disclosure, due diligence, FCA, Financial Conduct Authority, Gambling Commission, government, Guernsey Financial Services Commission, HMRC, ML Regulations, money laundering, publications | 4 Comments

A rap on the online knuckles

Posted on January 8, 2018 by Susan Grossey author

AML regulation of the gambling sector in the UK is complicated; even I (writing as an AML obsessive) am sometimes confused about who is in and who is out. However, one sector that is most definitely in is online gambling, … Continue reading →

Posted in AML, Due diligence, Money laundering | Tagged AML, due diligence, financial crime, Gambling Commission, government, ML Regulations, money laundering, proceeds of crime, SARs, suspicion | 4 Comments

I’ll tell you what I want, what I really, really want

Posted on September 6, 2017 by Susan Grossey author

Regular readers will know that when it comes to consultations, I am Pavlov’s respondent: tell me you want my opinion and I’m slavering to give it. Indeed, so regular is my participation that I have a whole email folder entitled … Continue reading →

Posted in AML, Money laundering, Publications, Uncategorized | Tagged AML, consultation, FCA, Gambling Commission, GFSC, guidance, HM Treasury, JMLSG, legislation, money laundering | 3 Comments

Curiosity might save the cat

Posted on January 23, 2017 by Susan Grossey author

One of the management buzz-phrases that seems to be staying the course is “tone from the top”. In the world of AML, the tone from the top has in fact originated at the bottom: first we had MLROs beating the … Continue reading →