Updates have been made to The prevention of money laundering and combating the financing of terrorism Guidance for remote and non-remote casinos: fifth edition. The revised edition was published on the 13 November 2020 and includes amendments to paragraph 1.55 to incorporate the new licence conditions 15.2.3(2) and (3). The new licence conditions came into effect under the updated Licence Conditions and Codes of Practice (“LCCP”) on 31 October 2020 and introduced the following reporting requirements:

• Licensees must, within 14 days of the appointment, notify the Commission of the identity of the individual appointed as:
• the officer responsible for the licensee’s compliance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on Payer) Regulations 2017 (regulation 21(1)(a)),
• the nominated officer (regulation 21(3)),

and any subsequent appointment to either of those positions.

• Licensees must, within 14 days of the departure or removal of any individual appointed to the positions mentioned in 2 above, notify the Commission of such departure or removal.

A minor typographical correction was also made to paragraph 6.120.

In addition, the Duties and responsibilities under the Proceeds of Crime Act 2002: fourth edition was also revised at paragraph 5.2 to highlight new reporting requirements in the latest LCCP, and correct a typographical error at paragraph 20.54.

Both of the documents came into effect immediately.