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If I allow a person to bet on credit, subject to meeting any specific gambling jurisdictional requirements, am I providing a designated service under the AML/CTF Act?

April 26, 2017AML credit CTF gambling Jurisdictional meeting person requirements Subject

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If I allow a person to bet on credit, subject to meeting any specific gambling jurisdictional requirements, am I providing a designated service under the AML/CTF Act?

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A. Yes, if you are providing credit you are providing a betting account and therefore must carry out the applicable customer identification procedures.