New supranational risk assessment
On 27 October, the European Commission has released a new supranational risk assessment on money laundering and financing of terrorism. The new risk assessment is the third in a row and it is expected to apply for the next two years.
The risk assessment consists of two documents; a report and an annex with a map of risks and recommendations to respond to the risks.
The risk assessment on gambling appears from chapter four of the working document. Please note that the risk assessment on online gambling has been amended.
Gambling operators are obligated to identify and assess the risk of being abused for the purposes of money laundering or financing of terrorism, cf. section 7(1) of the Anti-Money Laundering Act. In connection with the preparation of their risk assessment, the gambling operators must include the supranational risk assessment and the national risk assessment.
The supranational risk assessment (English version) is available on the European Commission’s website.