Red & Black Casinos. Providing fun casino hire throughout Suffolk, Norfolk, Cambridgeshire and Essex. Fun casinos are a great addition to any occasion, Weddings, Corporate parties and fundraising events. Based around professionalism, honesty, value and quality of service. Red & Black Casinos aim to make sure you and your guests have an amazing time allowing you to enjoy your event safe in the knowledge that your fun casino is in safe hands.
All of our croupiers have worked in the fun casino industry for many years and they adapt their tables to the level of skill that their players have; whether that be explaining the rules and offering advice to first time gamblers, or playing like in a Vegas Casino!
Anti-money laundering legislation
AML is a complex area, which cannot be summarised in this chapter. The UK’s AML legislation stems from the international standards set by the Financial Action Task Force (FATF) and European legislation.
By way of background, Directive 2015/849/EU on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (Fourth EU Anti-Money Laundering Directive) brought all forms of gambling within the regulated sector (previously, only the casino sector was “regulated” under Directive 2005/60/EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing).
Subsequently, Directive (EU) 2018/843 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (Fifth Anti-Money Laundering Directive) was adopted by the European Parliament on 19 June 2019, with a 20 January 2020 deadline for EU member states to transpose the Directive into national law. The UK’s revisions to its AML and counter-terrorist financing regime came into force on 10 January 2020. The significance of the new provisions for gambling operators includes, but is not limited to, the regulation of virtual currencies and increased levels of scrutiny required for transactions from high-risk countries.