The new AML Act brings three important changes for gambling companies:
- Extension of the scope from online to offline gambling and from licensed to unlicensed gambling
- Revised AML measures in detail
- Extended catalogue of administrative offenses with higher administrative fines (up to 1 million Euro)
For more information on the new AML Act we published a client alert for gambling companies that are offering their services in Germany. In addition we wrote an article in the German newspaper FAZ covering the main impacts on gambling companies.