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Casinos

Any natural person, legal person, or company that, in a professional or commercial capacity, organizes a casino as defined in Section 27g, subsection2, of the Dutch Betting and Gaming Act (Wet op de kansspelen).*

Pursuant to the Money Laundering and Terrorist Financing (Prevention) Act (Wwft), it is compulsory for casinos to report unusual transactions. Such reports must be submitted to FIU-the Netherlands. On the first occasion that you submit an unusual transaction report, you must start by registering as a reporting entity. FIU-the Netherlands will then provide the necessary information and provide you with internet access to the reporting portal. Once your account has been set up, you can report unusual transactions over the internet. FIU-the Netherlands analyses all reports on a daily basis and determines which reports to pass on to the investigative authorities.

For reporting unusual transactions there are indicators: several objective indicators and one subjective indicator. If your report falls under one of the objective indicators, no further assessment is necessary on your part: you must report it. If the report does not fall under any of the objective indicators, the subjective indicator may apply. In that case, you assess the transaction for yourself and then decide whether it falls under the subjective indicator. But do take note: it is up to you to assess whether reporting is necessary, but if you do not report an incident when you should properly have done so, you will be held responsible.

The following indicators apply to your type of business:

Subjective indicator*

  • A transaction for which the entity has reason to believe that it might be related to money laundering or terrorism financing.

Objective indicators*

  • Receiving a deposit of coins, bank notes or other assets to the sum of €10,000 or more.
  • A money transfer to the sum of €15,000 or more.
  • A transaction to the sum of €10,000 or more, paid to or through the entity in cash, cheques payable to bearer, a prepaid instrument of payment (prepaid card) or similar means of payment.
  • It is reasonable to assume that transactions reported to the police or the Public Prosecution Service in connection with money laundering or terrorism financing are also reported to FIU-the Netherlands.  
  • All entities registered with FIU-the Netherlands will be kept informed of any changes to the legislation or reporting procedures, trends, and other relevant developments.

     

    *The English version is a translation of the official Dutch legislation and is for information purposes only. Any discrepancies or differences created in the translation are not binding and have no legal effect for compliance or enforcement purposes. In case of a discrepancy, the Dutch original legislative text will prevail.

    Een man meldde zich bij de kassa van een casino en kocht voor 10.000 euro aan speelpenningen. Hij betaalde door 20 bankbiljetten van 500 euro op de counter te leggen. Nou komen die coupures maar zelden voor in ons betalingsverkeer en zeker niet twintig stuks in één keer. Bovendien is het algemeen bekend dat het 500 eurobiljet veel gebruikt wordt voor verrekeningen of opslag in het criminele circuit. De aankoop werd dan ook vanwege het ongebruikelijke karakter gemeld bij FIU-Nederland. 

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