Gambling house (gambling house, casino)

A room or facility in which gambling is practiced. – In Germany, the operation of a casino requires a license and is subject to state supervision. Section 14 of the German Money Laundering Act (Geldwäschegesetz [GwG]) of 1993 prescribes in detail the extent to which casinos must take internal precautions against money laundering. Article 10 of Directive 2005/60/EC of the European Parliament and of the Council of 26 October 2005 on the prevention of
Use of the financial system for the purpose of money laundering and terrorismFinance requires casinos to register, establish, and verify the identity of their patrons, regardless of the amount of chips purchased, immediately prior to or upon entry into the casino. – See bookmaker, financial betting, money rake, chip, account disclosure, lottery, betting shops, secondary ID.

Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/