Failures of gambling operators to fully comply with money laundering rules were highlighted in a report to this week’s Tynwald.

The annual report by the Gambling Supervision Commission revealed only 15 out of 40 visits to check operators were complying with anti-money laundering and counter-financing of terrorism legislation were assessed as 100 per cent satisfactory.

Deficiencies identified included in the application of a risk-based approach, due diligence, staff vetting and training, and on-going monitoring and record-keeping.

Inspection visits to the casino and bookmakers are carried out on a scheduled basis. Each eGaming operator is subject to a full stand-alone inspection. They also get a health check as part of a general compliance inspection.

During the year, there were nine general compliance visits to licensed betting offices, 11 to the casino and 25 to online gaming companies.

In its annual report, the GSC said retaining staff was an area of ’deep concern’, with a familiar cycle having developed where its loses employees to the gambling sector.

Numerous consequences included the ’haemorrhaging of knowledge’, organisational issues in managing the departure and extra workload placed on the remaining staff.

The Commission has begun a review of its strategy with the aim of being in a better position to retain its talented team.