Commission brokers agreement on online gambling, investigates money laundering risks

The European Commission brokered a memorandum of understanding between national gambling regulators on 27 November 2015.

This MoU followed the approval of an anti-money laundering directive in May 2015, which was expected to be implemented in June 2017. By then, the EC planned to have published its own assessment outlining risks for money laundering in the European Union. Under the new rules, member states can request exemptions from the directive for gambling services if they can justify low risk for money laundering.

EU Law Analysis, 25.09.15: The new EU Anti-Money Laundering legal framework: the race has started again… http://www.europeansources.info/record/the-new-eu-anti-money-laundering-legal-framework-the-race-has-started-again/

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