New checks will focus on players who might be spending more than their annual or monthly salaries on gambling.
The rules, which are to be introduced from Aug. 30, include a number of checks which aim to reduce problem gambling across the UK. Financial vulnerability checks will come into force this summer, in order to protect vulnerable players who might continue to gamble past the point of affordability.
Further preventative measures are to come in the form of a pilot scheme, which will assess the risk of financial harm that could be caused by online gambling. New age verification rules will require venues to check the ID of any players who look under 25, rather than the current 21. Land-based licensees will also have to carry out age verification test purchasing, under the new legislation. Licensing changes will be introduced from Aug. 30. A new voluntary Code on Customer Checks establishes set guidelines on how operators should react should players make net deposits of more than £5,000 per month , or £25,000 per year.
Players depositing more than £5,000 per month are to be subject to income or wealth checks as part of new risk assessments. Risk assessments will also be carried out on any players who deposit more than £25,000 annually. We can expect these assessments to include document requests, such as Enhanced Due Diligence.
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