Carolyn Harris – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Carolyn Harris on 2015-10-21.

To ask Mr Chancellor of the Exchequer, whether he plans to categorise bookmakers as high risk in the draft regulations transposing the fourth Money Laundering Directive into UK law.

Harriett Baldwin

The Fourth Money Laundering Directive extends its scope to cover all gambling providers. However, the Government can exempt providers of certain gambling services from the requirements laid down in the Directive on the basis of proven low risk.

We will be publishing a consultation towards the end of the year asking stakeholders to submit evidence on which sectors of the gambling sector can be proven to be low risk as part of the transposition process and will legislate accordingly.