Bookmakers remain exempt from latest money laundering rules

first_img Mr Green to pay £3m for failures in gambling harm and money laundering prevention February 27, 2020 David Clifton: Licensing Expert – Consensus cannot be the hardest word February 21, 2020 Share Related Articles StumbleUpon David Clifton: Licensing Expert – Gambling faces a pivotal moment March 31, 2020 Share Submit 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. At last year’s Betting on Sports conference, one compliance manager described it as introducing the biggest change the retail betting sector will have ever experienced.However it seems that the Gambling Commission’s recent work on money laundering and the tightening up of its Licence Conditions and Codes of Practice (LCCP) has persuaded the Treasury that areas of the gambling industry are suitably policed in this area already and that its latest National Risk Assessment (NRA) views bookmaking as low-risk and as such exempt from the 4MLD.Licensing expert David Clifton of Clifton Davies commented: “In what is a surprising decision to many – me included – the Government has made a policy decision to exempt all gambling service providers other than remote and non-remote casino operators from the requirements of 4MLD.“In light of comments contained in the September 2015 first National AML Risk Assessment and repeated concerns expressed by the Gambling Commission, betting operators have good reason to be mightily relieved that they will continue to fall outside the ambit of the Money Laundering Regulations, but they will need to remember that they remain bound by both the Proceeds of Crime Act 2002 (breach of which could constitute a criminal offence) and the Gambling Act 2005 licensing objective to prevent gambling from being a source of crime or disorder.”Things can still change in the future though. In its consultation document on money laundering and terrorist financing (ML/TF), the Treasury warned: “The government will regularly review its position on the ML/TF risk that gambling providers present. Moreover, the Gambling Commission will continue to evaluate ML/TF risk across all gambling sectors, and this information will contribute to and influence future NRAs.“Importantly, the government recognises that the risk levels attributed to a particular gambling sector are not static and will vary over time. As a result, if a gambling sector can no longer be deemed low risk (including where the sector fails to adequately manage the ML/TF risks) then the exemption could not be maintained. It is therefore imperative that gambling providers comply with the requirements of the Gambling Act and the strengthened LCCP to ensure that they have effective policies, procedures and controls in place to mitigate ML/TF risks, and continue to raise standards.”last_img read more

Dodgers’ Corey Seager caps return from dual surgeries with a home run

first_imgLAST MAN INWhen the Dodgers set their season-opening roster Thursday morning, right-hander Brock Stewart claimed the final spot. He will serve as the long man in the Dodgers’ bullpen, a role that became available with Julio Urias and Ross Stripling opening the season in the starting rotation rather than in the bullpen.Stewart got the nod over right-hander Dennis Santana based on his experience at the big-league level and greater maturity as a pitcher, Roberts said. The 22-year-old Santana made one appearance with the Dodgers last season and finished the season on the DL with a shoulder injury. Stewart, 27, has been up and down with the Dodgers each of the past three seasons, making 33 appearances in all (including 11 starts).“Brock has obviously pitched here at this level, had some success,” Roberts said. “If an inning does get long, I feel much more comfortable extending Brock to 25, 30 pitches. If it does get to that point, let alone multiple innings … (some factors are) the experience, the comfort level, the safety of the two different players.”Stewart pitched the last two innings of Thursday’s opener, allowing three runs.NUMBERS GAMEMatt Kemp was traded to the Cincinnati Reds in December, but his number 27 will be back in the Dodgers’ outfield this season. Alex Verdugo switched from the No. 61 he wore during major-league call-ups the past two seasons and will wear No. 27 this year.Related Articles When he got back on a field against major-leaguers in the final week of the Cactus League schedule, Seager shrugged off the achievement and said he never took a moment to appreciate how far he had come in the past 11 months. That didn’t change Thursday.“Not really. I tried not to think about it too much and treat it like any Opening Day,” he said. “I didn’t really want to go back there. I really just tried to enjoy the moment. Be present.”Seager acknowledged the low point came after the hip surgery when the progress he had made in recovering from the elbow surgery seemed to disappear while he limped around on crutches. But he wouldn’t admit to any dark thoughts even in those days.“Not really,” he said. “It was hard but you kind of knew it and expected it. Just tried to get through it, basically.“It’s nice to feel healthy.” Cody Bellinger homer gives Dodgers their first walkoff win of season LOS ANGELES — In the 45 years since Dr. Frank Jobe performed the surgery for the first time, Corey Seager might have completed the smoothest recovery from Tommy John surgery in the history of the procedure.“It might be,” Seager said with a laugh after hitting a home run in his first game since undergoing both the elbow surgery and arthroscopic hip surgery. “Thank you. Glad it was for me.”As Seager progressed through spring training, checking off boxes first in workouts and then in games, there were no setbacks, allowing for him to be in the Dodgers’ Opening Day lineup back at shortstop for the first time since last April 29.“I didn’t think I’d hit a home run,” he said when asked if Thursday’s return represented the best-case scenario he could have envisioned. “That was kind of the goal, though. It’s always in the back of your mind (to get back for Opening Day) and you hope it works out. Fortunately, it did.” Dodgers’ Max Muncy trying to work his way out of slow start “That was my number in OKC and Team Mexico,” Verdugo said of his time in Triple-A and in the World Baseball Classic. “So when I had a choice between 61 and 27, I went with my favorite number – 27.”DEPTH ADDThe Dodgers signed left-hander Rob Zastryzny to a minor-league contract after he was released by the Chicago Cubs last week.Zastryzny, 27, was the 41st player taken in the 2013 draft and made cameo appearances with the Cubs each of the past three seasons. He appeared in 18 games (one start), going 2-0 with a 4.41 ERA.UP NEXTDiamondbacks (LHP Robbie Ray) at Dodgers (RHP Ross Stripling), Friday, 7:10 p.m., SportsNet LA (where available), 570 AMcenter_img How Dodgers pitcher Ross Stripling topped the baseball podcast empire Dodgers hit seven home runs, sweep Colorado Rockies Fire danger is on Dave Roberts’ mind as Dodgers head to San Francisco Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more

Wellington Police Notes: Tuesday, May 17, 2016

first_imgWellington Police notes by Tuesday, May 17, 2016•12:04 a.m. Douglas M. Taylor, 26, Wellington was issued a notice to appear for defective headlamp and driving while license is suspended in the 500 block E. 16th, Wellington.•8:43 a.m. Officers took a report of found bicycle in the 800 block N. Woodlawn, Wellington.•9:51 a.m. Officers took a report of a domestic family dispute by known subject(s) in the 1300 block E. Harvey, Wellington.•11:52 a.m. Officers took a report of suspicious activity in the 1200 block N. Washington, Wellington.•1:19 p.m. Officers investigated a theft of medication in the 800 block N. Woodlawn, Wellington.•1:30 p.m. Officers assisted an outside agency in the Wellington.•3:46 p.m. Justin W E Corter, 33, Wellington was arrested and confined on a Sumner County arrest and detain order for probation violation.•8:31 p.m. Carmen A. Acotto Jr, 45, Wellington was issued a notice to appear for seatbelt violation.•10:59 p.m. Officers investigated possession of stimulant, possession of depressant, possession of drug paraphernalia, driving while license is suspended and illegal registration in the 300  block E. 10th, Wellington by known suspect.•11:33 p.m. Joshua A. Bodner, 25, Wellington was arrested and charged and confined with possession of stimulant, possession of depressant, possession of drug paraphernalia, driving while license is suspended and illegal registration.last_img read more