Goemkarponn desk
PANAJI: The Goa government has amended the Goa Public Gambling Act to mandate that license holders comply with the “AML/CFT Regulations,” also known as the Goa Anti Money Laundering and Financing of Terrorism Guidelines, 2013 regulations.
The amendment states that no license will be issued to anyone who has been found guilty of a crime that carries a minimum two-year prison sentence, their associates, or any person holding a key managerial position within a company or organization.
If a person is found guilty after the license has been issued, the license will be immediately revoked and all money paid will be forfeited to the government.
The authority to periodically inspect the premises in order to verify compliance with AML/CFT regulations has also been granted to the Inspection Officer or the Gaming Commissioner.
