Germany Moves To Exclude Slots From AML Checks
2nd Mar 2017 | Written by: Elisa Grabbe
Slot halls, lotteries and on-course tote betting will be exempt from strict new anti-money laundering (AML) requirements, according to a bill published in Germany last week.
The bill will transpose the European 4th Anti-Money Laundering Directive (4th AMLD) into German law and has been published following a consultation with stakeholders last December.
Slot machines, lotteries and some horseracing products are excluded from the scope, and the bill also includes specific provisions applicable to online gambling operators.
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