Tag: european union

EU upsets the gambling industry

Industry bodies are up in arms at EU proposals for the introduction of the fourth EU anti-money laundering directive.

Basically the thrust of the proposal is that anybody placing (or winning it seems) bets of €2000 or more will come under the new directive.

Say you are on course and want to place a large bet or collect on a fortunate win. The bookie won’t be able to pay you out unless you bring your passport and he sets …