Gambling Key issues AML guidance from the Commission to uphold the licensing objectives, In June 2023, the Commission for example by being ineffective published updated casino guidance in applying AML controls, the to include proliferation financing Commission will consider reviewing and maintains published guidance the operator’s operating licence. for operators. While the Commission This could result in the suspension or doesn’t have the power to fine revocation of the operator’s licence operators for failing to comply and the Commission may also with AML legislation, it can impose consider imposing a financial penalty financial penalties for operators where a licence condition has been that have breached their licence breached. Recent fines issued by the conditions and, ultimately, can Commission demonstrate that AML take away an operator’s licence and KYC compliance have become to effectively shut down their an area of focus for the Commission business. Where an operator fails in assessing operators’ compliance with their licence terms. 149