AI Summary
Sign in to listen

Greek regulator prepares operators for new EU AML rules

The regulator seeks to ensure the gambling market is ready for the forthcoming EU anti-money laundering framework.

1 min read
GreeceAMLCFT
Key Points
The EEEP has informed local operators about the upcoming EU anti-money laundering framework
The new European Anti-Money Laundering Authority will play a central role in implementing the framework from 10 July 2027
The EEEP is supporting operators with meetings, presentations, conferences and workshops

The Greek Gaming Commission (EEEP) has notified local gambling operators in a letter regarding the upcoming EU anti-money laundering framework. The regulator aims to ensure the market is fully prepared for its implementation.

The Commission provided operators with an update on the creation and functioning of the new European Anti-Money Laundering Authority (AMLA). This authority will be crucial in developing and enforcing the new EU framework, which is set to be gradually implemented starting on 10 July 2027.

To help operators adapt to upcoming changes, the EEEP is planning a series of targeted initiatives. These will include informational meetings and presentations about the new framework, emphasising its potential impact on the gambling sector.

The Commission will also organise conferences and workshops to provide more detailed updates. Additionally, it will collaborate with specialised institutional bodies and stakeholders within the gambling and entertainment ecosystem.

The EEEP is also encouraging operators to actively engage in the ongoing public consultation process on the AMLA website.

On the matter, EEEP Chairman Antonis Bartholomaios stated: “The EEEP will stand firmly by the side of licensed operators, actively supporting their smooth and effective adaptation to the new European regulatory framework.

“We aim to ensure that the Greek gambling market responds adequately, transparently and responsibly to the heightened requirements for combating the laundering of proceeds from illegal activities.”

In February, a bill was proposed in Greece to strengthen the crackdown on illegal gambling and introduce tougher sanctions for violators, including companies, players and influencers who endorse or promote illegal websites.

Good to know

Recently, Greece’s National Bioethics Committee warned of rising gambling exposure among minors and proposed stricter rules for gambling advertising on radio, television and online platforms

Reaction Board

Set Global Gaming Insider to be your preferred search result

News Analysis

View All
dan new york

The rise and rise of Dan Taylor: What’s next for Flutter’s new CEO?

Taylor's promotion to Flutter Group CEO caps a six-year climb through the operator's International arm. But he inherits the top job at the most difficult possible time...

5 min read • • By Jack Found
Ethical-gaming-lead-image

Special report: The commercial perception and reality of ethical gambling today

In an in-depth report featuring multiple expert contributions, Global Gaming Insider unpicks the past, present and future of ethical gambling, examining what exactly it means to be a responsible actor in the modern gaming industry.

30 min read • • By Will Underwood
india flutter

India's online gaming ban: A forgotten factor behind Peter Jackson's Flutter exit

Dan Taylor's promotion to Group CEO has been framed almost entirely as Flutter's answer to Kalshi and the prediction-markets land grab. Rewind 12 months, however, and a very different story was unfolding – one already forgotten by many.

6 min read • • By Jack Found

In The News

View All
CFTC warning
[ELEVATED IMPORTANCE]

CFTC issues warning to prediction market operators regarding use of American-style odds

The CFTC warned operators about the use of traditional US gambling odds when offering sports-event contracts, such as +100 or -100, amid growing legal scrutiny over prediction markets.

· Legal & Regulatory + 4