The Act of 1 March 2018 on the prevention of money laundering and terrorist financing stipulates that lottery organisers are subject to a number of obligations. These include, amongst other things, identifying and documenting the risks of terrorist financing and money laundering, assessing the level of risk, and applying financial security measures in relation to customers.
These measures include, amongst other things, customer identification and verification of their identity, assessment of business relationships, obtaining information on the purpose of such relationships, and ongoing monitoring of business relationships. It is also advisable to identify the beneficial owner and to take steps to determine the structure of ownership and control.
When are financial safeguards applied?
Lottery organisers are required to implement financial safeguards in the following circumstances:
- establishing economic relations;
- carrying out an occasional transaction with a value of 15,000 euros or more, or which involves a transfer of funds exceeding the equivalent of 1,000 euros;
- carrying out an occasional cash transaction of the equivalent of 10,000 euros or more,
- placing bets and collecting winnings equivalent to 2,000 euros or more;
- suspicions of money laundering or terrorist financing;
- doubts as to the accuracy or completeness of the customer identification data obtained to date.
The institutions concerned may include, for example, banks, foundations in relation to receiving and making payments of a specific form and amount, or estate agents. Business entities have been grouped into 25 categories, each with its own distinct operational characteristics.
https://www.marketingbusinessblog.pl/obowiazki-organizatora-loterii-na-gruncie-ustawy-aml/
