To ask the Secretary of State for Digital, Culture, Media and Sport, if she will make it her policy to introduce stricter obligations on betting shops to determine the financial capacity of people gambling large sums.
The Government is clear that gambling operators must comply with Gambling Commission requirements around Anti-Money Laundering (AML) and Social Responsibility in order to determine the financial capacity of individuals. If they fail to do so they risk sanctions including losing their licence to operate. These requirements include the need to deliver effective customer interactions, particularly in relation to 'high value' customers and those most vulnerable. Operators must also have due regard to Gambling Commission advice around 'Duties and responsibilities under the Proceeds of Crime Act 2002' including the Know Your Customer (KYC) requirements which include knowing a customer's source of funds.