IGambing Business: UK Gambling Commission outlines key trends and emerging threats in managing AML in the betting sector, noting operators are not “appropriately” scrutinising customer data

Enforcement director emphasized the need for operators to reassess customer profiles and monitoring procedures to account for various risk factors such as transactions, geography, and products. He also pointed out ineffective customer triggers over-reliance on self-declarations and delays in AML reviews. The Commission stressed the importance of realistic thresholds early customer dialogue and a risk-based approach to source of funds…