This will include transparency around trusts and other structures. (c) that licensees are prepared to meet internationally acceptable anti money laundering standards and have appropriate measures in place to prevent terrorist and proliferation financing.Īpplicants must be prepared to submit themselves to regulatory due diligence which focuses on establishing ultimate beneficial ownership and control of the business. (b) that potential licensees meet exacting fitness and propriety standards and (a) ensuring that those with a criminal history or with criminal connections do not own or control gambling businesses The key principle in considering the licensing of operators is keeping crime out of gambling. Gibraltar is a business supportive, but well regulated jurisdiction, with political stability and a strong commitment to transparency and the rule of law. The jurisdiction remains a hub for both UK and international facing operators with a pool of remote gambling talent concentrated here. The Licensing Authority understands the challenges around the need for multi-jurisdictional technology frameworks, including the use of cloud services and is prepared to work constructively on this issue with applicants.

Licensees will be expected to establish proportionate substance in Gibraltar and make an economic contribution to the jurisdiction. Applicants, who might include those wishing to enter emerging non-EU markets, are expected to have a clear business plan where the source of legitimate funding can be clearly identified. Nevertheless, the jurisdiction will also consider the licensing of appropriately funded start-ups and expanding operations proposing to relocate wholly or partly from other jurisdictions. The Licensing Authority has traditionally only considered licensing blue chip companies with a proven track record in gambling in other jurisdictions. The Gambling Commissioner, appointed under the provisions of the Act, is granted powers to ensure that licensees conduct their operations in accordance with their licenses and maintain the good reputation of Gibraltar. Remote Gambling licences, including for telephone and Internet betting, are issued by the Licensing Authority. Customer complaints regarding breaches of licence conditionsĪll gambling operations in Gibraltar require licensing under the Gambling Act 2005 ('the Act').Remote technical and operating standards.

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