Bristow to Head New Gambling Anti-Money Laundering Group
The new Gambling Anti-Money Laundering Group (GAMLG) in the UK has appointed its first chairman. Keith Bristow QPM, the recently retired director general of the UK National Crime Agency, has taken up the position.
Established last month, the GAMLG was formed in an attempt to combat money laundering within the gambling industry. Initial membership includes the Remote Gambling Association (RGA) and the Association of British Bookmakers (ABB), which represent more than 70 percent of the gambling market in Britain.
“I have been impressed by the commitment of the gambling industry to tackle money laundering; however the industry acknowledges that there is more to be done,” stated Bristow.
“As chair of the GAMLG, I will work constructively with the industry to continue to drive up standards and, when necessary, robustly challenge current policy and practice. By making it even more difficult for criminals to exploit the gambling industry, we will make a real contribution to the protection of UK businesses and communities.”
The organisation has been modelled on the Joint Money Laundering Steering Group of the financial services sector. It plans to produce industry good practice guidelines in corroboration with The Gambling Commission.
Clive Hawkswood, chief executive of the RGA said, “His [Keith Bristow’s] appointment reflects how seriously we take these issues, and knowing him as I do, there is no doubt that he will very much hold us to account.”
Malcolm George, chief executive of the ABB added, “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 and the appointment of someone with the standing and reputation of Keith Bristow underlines our commitment to being leaders in this field.”
April 16, 2017