Yesterday (31 October 2016) a new version of the Gambling Commission’s Licence Conditions and Codes of Practice (“LCCP”) document came into force. The changes are aimed primarily at upholding the first licensing objective, which is to prevent gambling from being a source of crime or disorder, being associated with crime or disorder or being used to support crime.
The key new requirements on licensees are:
– A requirement to conduct and keep up to date an assessment of money laundering risks to their business. Following this, licensees must put in place appropriate policies, procedures and controls to manage the identified risks.
– A requirement for remote casino operators with their gambling equipment located outside of Great Britain to comply with the Money Laundering Regulations.
– A requirement to report their involvement in any criminal investigations, if the Commission could reasonably be expected to question whether the licensee had taken sufficient steps to keep crime out of gambling.
– A requirement to not place digital advertisements on websites which provide unauthorised access to copyrighted content. Licensee must take all reasonable steps to ensure that third parties (such as affiliates) do not place such advertisements on their behalf. Licensees must also ensure that they can terminate the contract of any third party who places advertisements in this way.
For betting operators, some new code provisions have been added to support betting integrity. These require that:
– Betting operators make it a condition of accepting bets that customers are not in breach of any rules from a sports governing body or other body to which the customer belongs. Bets should be voided if found to be in breach.
– Betting operators require their employees to report incidents of irregular / suspicious betting and prevent their employees from using such information for their own benefit.
For a full summary of the changes please see this document published by the Commission.
All operators should have received a new version of their operating licence last week incorporating the new LCCP.