Lord Collins of Highbury – 2016 Parliamentary Question to the Department for Culture, Media and Sport

The below Parliamentary question was asked by Lord Collins of Highbury on 2016-02-01.

To ask Her Majesty’s Government what assessment they made in their recent Evaluation of Gaming Machine (Circumstances of Use) (Amendment) Regulations 2015 of the evidence from the Gambling Commission that 633 cases of suspected money laundering were reported last year in the use of Fixed Odds Betting Terminals; and what conclusions they reached.

Baroness Neville-Rolfe

Government takes the issue of money laundering in gambling very seriously, including these cases. The Gambling Commission already requires operators to take measures to prevent money laundering through its Licence Conditions and Codes of Practice – and it is currently consulting on proposed regulatory changes to strengthen the fight against crime linked to gambling. In additon, the Treasury is planning to consult on the EU’s forth Directive on Money Laundering, which brings all gambling services within scope of the money laundering requirements.