New Security Measures For the UKGC to Combat Crime

Published May 14, 2016 by Mike P

New Security Measures For the UKGC to Combat Crime

New measures to combat organised crime have been announced by the UK Gambling Commission. These will be implemented later in 2016.

In late-2015, the UK Gambling Commission (UKGC) conducted a consultation to evaluate how the industry combats the threat of organised crime. Last week, the regulatory body at last revealed its proposed security measures after a few months of consideration. By the end of 2016, UK-serving gambling operators will be legally required to implement them.

Money Laundering

One of the three core changes revealed was that every operator has to perform a risk assessment of money laundering. Ultimately, they must outline policies, procedures, and measures to combat the threat of this criminal activity.

Criminal Investigations

The second major change is that operators are legally obliged to report their involvement in any criminal investigations. In terms of scope, this will cover any investigations made in relation to them or their premises.

Employee Measures

Irregular betting patterns have blighted tennis in recent years, with the sport now having to rehabilitate its image. To avoid this in all sports, the UKGC will soon require operators to implement terms and conditions that stop employees from taking advantage of any such patterns.

Social Responsibility

Outside of the new changes, the UKGC is also deciding whether or not to demand that operators announce any crimes not covered by the forthcoming adjustments. The regulatory body cited police call-outs as an example, with the rationale being that this information would support social responsibility efforts.

Changes Coming in Autumn

Alongside the changes, UKGC director of regulation Nick Tofiluk also provided a statement. While advocating a need to tackle crime, Tofiluk also revealed that the changes would be implemented at some stage in the autumn.

UK Now More Challenging

UK-serving operators already exist in a more challenging marketplace now that they need industry-specific licenses to work in the country. For the smaller operators, the added cost of adhering to the new security changes might them out of the UK.

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