European Parliament votes on 4th AMLD
In the March plenary session, the European Parliament debated and voted upon the 4th Anti-Money Laundering Directive (4th AMLD) in plenary in Strasbourg. With regards to gambling, the Commission said that it preferred not to allow any exemptions as they might be interpreted too widely, or be misused. During the debate, several MEPs of the Socio-democratic political group (S&D) expressed their support for the Commission's views. On the other hand, MEP Sampo Terho (EFD, FI) mentioned that the Directive could have the potential to hamper legal activities for instance in Finland, where the state-owned gambling industry should not be subject to the Directive.
In the end, all the gambling-related amendments that were adopted during the LIBE/ECON vote in February were adopted by a large majority of all MEPs in the Parliament. To recall, the adopted amendments include the option for Member States to exempt providers of certain gambling services (except casinos) from national provisions transposing the Directive, on the basis of a low risk posed by the nature of the operations, or a risk assessment. Prior to applying such exemptions, Member States shall seek approval from the European Commission. Customer due diligence measures are required from casinos and online gambling. When winnings of €2.000 or more are paid out, providers of other gambling services are also required to apply customer due diligence.