Inadequate/lack of ‘know your customer’ (KYC) checks resulting in criminals laundering criminal proceeds or risk of this occurring Lack of competency of key personnel and licence holders which can then be exploited by criminals seeking to launder the proceeds of crime Operators staking and winning directly and indirectly on their own products Operators failing to comply with prevention of money laundering and terrorist financing legislation and guidance Money laundering and terrorist financing risk assessment within the British gambling industry: 2018 (PDF). Money laundering and terrorist financing risk assessment within the British gambling industry: 2019 (PDF).For further information relating to the inherent risks (including vulnerabilities, consequences and controls), see our previous risk assessments: There has been an increase in the risk levels for some of the inherent risks for the remote betting sector. Table actions: Turn tags off Sector rating Sector
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