Tag Archives: clifton davies

Bookmakers remain exempt from latest money laundering rules

Copyright: mkos83 / 123RF Stock Photo

Bookmakers already celebrating a successful start to Cheltenham week will have further cause for celebration with the news that the betting industry will continue to be exempt from European money laundering rules. There was a real danger that the Fourth EU Money Laundering Directive would encompass bookmakers given the classification of gambling as a high risk area for money laundering. …

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David Clifton: Licensing Expert – Not only changed licensing fees but also a new type of licence

In his January 3rd posting “Gambling Commission justifies remote licence fee increases” Andy McCarron MD of SBC referred to the changes to the Commission’s annual fee structure that will come into effect from April this year. Those changes were announced in the DCMS “Proposals for Gambling Commission fees from April 2017 – consultation response” document that was published just prior …

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David Clifton – Strengthening social responsibility (again)!

Clifton Davies co-founder David Clifton has a look at the increasing regulatory scrutiny on the gambling industry and warns there may be more to come.  My “Licensing Expert” article last month posed the question whether a regulatory crackdown on gambling advertising was around the corner. We now know at least part of the answer. The Department for Culture Media & …

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BOS – Future Shock – Money Laundering, Data Protection & Responsible Gambling

Kicking off the first day’s breakout sessions at BOS, Future Shock – Money Laundering, Data Protection & Responsible Gambling was an interactive workshop presented by David Clifton and Suzanne Davies of Clifton Davies Consultancy and Roy Ramm of Extrayard, together with comment from Jenny Williams, former CEO of the Gambling Commission. It focused on key regulatory issues affecting the betting …

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David Clifton: Licensing Expert – UKGC views on “getting the balance right”

Two developments have occurred over the last month that have provided some considerable insight into the Gambling Commission’s present and future regulatory priorities. The first is publication of the Commission’s Annual Report for 2015/16. The second is a speech entitled “Gambling: Getting the balance right” given by Philip Graf at the Royal Society of Arts as he comes to the …

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Bitcoin gambling runs into familiar obstacles

Bitcoin’s return into the spotlight after the value of the crypto-currency recently hit a two-year high has reignited interest in gambling industry circles in the potential of harnessing blockchain technology. The launch in May of a new Bitcoin-only sports-betting offering – going by the familiar name of Sportsbet but with the fashionable-in-the-tech-world domain suffix of .io – has once again …

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David Clifton: Licensing Expert – BREXIT = No exit from robust gambling regulation

I moderated a European Update panel session at the annual conference of the International Association of Gaming Advisors, which took place earlier this month in Malta. Predictably, one topic that produced heated debate was the lack of harmonization, or even hope of harmonization, of gambling laws and licensing processes across the EU Member States but this led on to the …

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David Clifton – Licensing Expert – A month of major UKGC regulatory developments

The last month has seen a large number of regulatory developments that will have direct bearing on operators licensed by the Gambling Commission. Although it was not the first in chronological terms, my starting point is a speech given by Sarah Harrison, the Gambling Commission Chief Executive, at the Bingo Association AGM. It represented a summary of: what she called …

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David Clifton – Licensing Expert – The General Data Protection Regulation

With ever increasing compliance responsibilities pursuant to the Gambling Commission’s LCCP and more soon to arise on implementation of the 4th Money Laundering Directive, betting operators might be forgiven for thinking that there was a limit to the extent to which even more onerous regulatory burdens could be heaped upon them in the near future. However, even greater focus on …

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Time for bookmakers to wake up and smell the coffee on AML rules

Licensing expert David Clifton, of gambling consultancy Clifton Davies, takes a look at the recent movement by the regulator to tighten up money-laundering processes and doesn’t see any good news for bookmakers. The recent publication on the Gambling Commission’s website of a public statement highlighting failures in Paddy Power’s anti-money laundering (AML) and social responsibility processes is the latest in what …

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