Anti-money laundering
Anti-money laundering
Licensees in the gambling sector in the Isle of Man are regulated entities. This means that they must adhere to obligations placed upon them by law to combat money laundering and terrorist financing. Collectively these requirements are known as AML/CFT controls (anti-money laundering/countering the financing of terrorism). The Isle of Man Gambling Supervision Commission is the regulator that supervises the Isle of Man gambling sector’s compliance with AML/CFT.
The Commission also participates in national initiatives to continually assess the risk of money laundering and terrorist financing within the gambling sector as well as evaluation exercises, conducted by external teams of assessors, which check the Isle of Man’s national commitment and performance against international standards.
GSC AML/CFT guidance can be found below:
- AML/CFT Guidance 2020 for Online Gambling, Bookmaker and Casino operators
- AML/CFT Guidance for Virtual Currencies 2020
- AML/CFT Guidance for Software Suppliers 2020
- GSC Guidance on the Gambling (Anti-Money Laundering and Countering the Financing of Terrorism) Act 2018
Further AML/CFT information:
- Isle of Man AML/CFT National Risk Assessment
- Isle of Man AML/CFT Advisory Group
- Isle of Man AML/CFT Policy Office
ML/FT/PF fact sheets:
