meta_id 3401765

On January 8, 2026, the Gibraltar Gambling Commissioner issued version 1.0.2026 of the Code of Practice for the Remote Gambling Industry: Anti-Money Laundering, Countering the Financing of Terrorism and Counter Proliferation Financing Arrangements. The updated code was issued under Section 13 of the Gambling Act 2025 with the consent of the Minister responsible for gambling. The revised code aligns existing anti-money laundering (AML), counter-terrorism financing (CTF), and counter-proliferation financing (CPF) requirements with Gibraltar's updated legislative framework. The Gambling Commissioner emphasises that the substantive requirements largely reflect existing obligations and supervisory expectations applicable to licence holders, with amendments primarily intended to reflect legislative changes and clarify existing expectations rather than introduce fundamentally new obligations. The code applies to all remote gambling transactions and processes undertaken by licence holders in Gibraltar or under the authority of a Gibraltar gambling licence, including multi-jurisdictional operations. Key provisions include mandatory board-level accountability for AML/CFT/CPF compliance; appointment of a Money Laundering Reporting Officer (MLRO) at senior management level; implementation of formal risk assessments; independent audit functions proportionate to business size; enhanced customer due diligence (EDD) for all depositing customers; ongoing monitoring and further due diligence (FDD) for higher-risk customers; mandatory reporting of suspicious activity to the Gibraltar Financial Intelligence Unit (GFIU); and targeted financial sanctions screening. The code establishes a risk-based approach while maintaining minimum standards aligned with Financial Action Task Force (FATF) recommendations and Gibraltar's 2025 National Risk Assessment. Licence holders must maintain records for at least five years and ensure staff receive appropriate training. Enforcement mechanisms include financial penalties up to twice the benefit derived from breach or EUR 1 million, licence suspension or withdrawal, and public statements regarding significant violations. The Gambling Commissioner will conduct periodic reviews and update the code as required, with substantive changes subject to formal consultation with the sector. Licence holders should refer to the Proceeds of Crime Act (POCA) and associated legislation when making AML/CFT/CPF decisions and seek legal advice where necessary.