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Anti-Money Laundering

  • All licensees of the Betting, Gaming and Lotteries Commission (Commission) have a responsibility to ensure their businesses are not used by criminal elements to launder the proceeds of crime.
  • Gaming lounge operators have additional and specific responsibilities under the Proceeds of Crime Act and the Proceeds of Crime (Money Laundering Prevention) Regulations.
  • Proceeds of Crime Act  
  • Proceeds of Crime (Money Laundering Prevention) Regulations  
  • The BGLC is the designated the Competent Authority under POCA. As the competent authority, the Commission supervises gaming lounge operators to ensure that all measures are in place to prevent the gaming lounges from being used for money laundering and terrorism financing and to aid them in detecting money laundering. The Commission uses a risk based approach to supervising gaming lounges.
  • Guidance Notes
    • The purpose of the guidance notes is to provide detailed guidance on the requirements of POCA and practical guidance on how to implement such requirements into their daily operation.
    • The BGLC will issue directions to licensees to supplement guidance notes as money laundering risks evolve. All guidance notes must be read in conjunction with the relevant legislation.
    • January 2016