GAMLG was established in January 2016.
Its aim is to improve the gambling industry's ability to combat money laundering.
Its initial membership is comprised of the
Remote Gambling Association (RGA) and the Association of British Bookmakers (ABB).
The sectors they represent account for over
70% of the British gambling market.
For full details on GAMLG please click on
the Terms of Reference link.
Membership of the group is open to trade groups from all sectors of the gambling industry.
The RGA is a London & Brussels-based trade association whose members are all licensed for gambling purposes in Europe. Its membership includes most of the world's largest and most respected Internet gambling companies, many of whom also have interests in terrestrial gambling establishments. It is committed to promoting a regulated and non-discriminatory environment for responsible licensed operators in the world's remote gambling markets.
Further info & membership list: www.rga.eu.com
Chief Executive of the RGA, commented that;
‘As the Government’s national risk assessment
has shown, gambling per se is considered low risk. However, we all accept
there are risks that we must recognise and address. GAMLG will
help us to identify and promote best practice to ensure that we deal with these threats consistently and effectively.’
They include three out of the largest four operators: William Hill, Ladbrokes Coral Group and Paddy Power. ABB members work to the high standards of responsible gambling set out in their Code.
Visit our website: www.abb.uk.com
The ABB is the trade organisation for the UK’s high street betting shops, which have been trading on the high street for over 50 years. As one of the UK’s leading leisure retail sectors, bookmakers serve over eight million customers, employ over 40,000 people and contribute over £3bn to the UK’s economy.
Its membership ranges from major national operators to single, family run businesses and collectively, they represent 80% of the sector.
Chief Executive of the ABB, added:
‘We have put in place strong processes through the existing ABB code to minimise the threat of money laundering in betting offices, but money launderers do not respect sector boundaries and the more that we can share information and best practice across the wider industry, the better it will be. This is an area where we cannot be complacent.’