UK GAMBLING LAW...RELOADED!

Just when we were telling you how European Committee has repeatedly urged France to do something about its online gambling regulations, we run into this! Now, the US Government is urging Britain to revise and amend some of its new gambling laws. Then, having assumed “gambling”, the centre of sanity, I cannot help fancying what would happen if the whole world went mad all round it. But, wait, it already did!
Here it goes! The main reason why the US Government wants a clear view over the British gambling, it’s because they’ve started entire money- laundering ‘mass-hysteria’, especially these days, when US economy smells like a recession.
However, the recommendation was kindly introduced in a recent report, presented to the US Congress. The report has also included new regulations, which asks Britain to draw up new rules, in order to monitor bank customers with links to foreign regimes. And, as a result of the same legislation, the US call for changes to the Gambling Act 2005, which aims to protect children and vulnerable people, cut crime and keep games fair. Are we the only ones detecting desperate tactics?
However, operators will have to prove they have all they need to turn gambling into a more socially responsible act, which means using open social networks that can be easy monitored. In response, several critics have expressed fears that the result of the biggest overhaul of regulations for decades could be a rise in problem gambling; especially because bookmakers and online betting sites will be free to advertise their services on TV and radio in the UK for the first time, not to mention all casinos will be given green light to indulge customers with “rollover jackpots” and more.
Even the Salvation Army raised concerns that the change could lead to the normalization of an addictive activity. In fact, the Church charity and church organization allows its visitors to express online voting, regarding the newly-introduced Gambling Act. They ask whether the new laws protect children and those susceptible to gambling addiction. The result was 70% “Not all All”.
Then, how come people complain Britain is gambling like crazy? Only last year, they spent £250m betting on the Grand National. Much of that money had been from the same people who think gambling harms the society. I guess they were only enjoying a social ritual, right? Even shocking, they don’t even have a super-massive casino to spend all this money. They do it silently and then start to complain, while the US is whining all the time and gets banned for going online.
In addition, it was also reported that the State Department's annual International Narcotics Control Strategy Report has labeled Britain among one of more than 50 "major money laundering countries". This is a big deal if we consider the other nations on the list, such as such as Afghanistan, Colombia and Russia as well as... the US, itself.
Since Britain is a nation of enraged gamblers, another important legal entity, such as Britain's FBI-style, Serious Organized Crime Agency (Soca) has looked deeper into the matter and concluded that there are £15 billion illegal gains to be laundered in the UK, each year.
Overall, even if banks took special measures against money laundering, the reports suggest that criminals are turning increasingly to card fraud, "purchasing high-value assets", or other new ways to suck money.
British anti-money laundering regime might act like a “pit-bull”, but it didn’t convince the US. Consequently, the report calls for the UK to bring in new rules to monitor transactions made by "politically exposed persons" - with “links to foreign regimes”. Not to mention, it also calls for changes to the Gambling Act 2005, bringing in new checks against criminal proceeds being laundered through gaming.
We’ll be back with more info on that, that’s for sure!
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