AML compliance in the spotlight The UK Gambling Commission has carried out investigations over the past two years against several major operators in relation to short-comings in their AML procedures. Those investigations were recently highlighted in a UK government assessment of the level of AML risk presented by the UK gambling industry. It is perhaps… Read more
Contributor: Stuart McMaster
Stuart specialises in corporate finance, mergers and acquisitions for both public and private companies. He advises on listed company transactions, including flotations, takeovers and fundraisings. He also advises on joint ventures, private fundraisings, shareholder disputes, regulatory issues and corporate re-organisations, and on the corporate aspects of insolvency-related transactions, including insolvent business sales, debt for equity swaps and schemes of arrangement.
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Recent posts by Stuart McMaster
The online gambling sector is currently dealing with a marked rise in compliance costs. This has been the result of a number of regulatory changes, ranging from the revised Licence Conditions and Codes of Practice through to the new POC tax reporting regime. And looming on the horizon are changes to the anti-money laundering (AML) regime…. Read more
It is widely predicted that significant revenues will be made by those who are able to convert social gamers into real-money gamblers. Stuart McMaster, a Partner at Mishcon de Reya, considers the legal implications in the UK of turning a casino-style social game into a real-money gambling product, and whether social games will retain their… Read more