4th Anti-money laundering directive proposed
The European Commission has adopted a proposal to amend the 3rd Anti-money laundering directive. As expected, the Commission is proposing to broaden the scope of the Directive beyond "casinos" to cover all gambling activities, thereby introducing a number of obligations for all providers of gambling services, amongst others, the establishment of internal preventive policies and procedures to ensure proper risk management and mitigation, as well as the application of customer due diligence for transactions of 2.000 Euros or more. A full analysis will be prepared following the publication of the final text, which will require agreement by both the European Parliament and the Council.
European Commission - Fourth AMLD proposal