Question: I have a betting website do I need to comply with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act)?
Answer:Yes, if you run a betting website you are likely to be required to comply with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act), as under s6 of the AMLCTF gambling is considered a designated service which must comply with the AMLCTF Act.