Greek Gaming Commission prepares operators for EU AML framework

The Hellenic Gaming Commission has initiated a formal process to prepare licensed gambling operators for a significant regulatory shift across the European Union. As part of its supervisory role, the regulator has issued guidance to market participants outlining expectations related to the forthcoming EU anti money laundering framework, which is scheduled for phased implementation beginning on 10 July 2027.

The move reflects a broader effort by European authorities to harmonise anti money laundering standards across member states, while reinforcing oversight in sectors considered vulnerable to financial crime risks. Gambling, due to its transactional nature and cross border exposure, remains a key focus within this framework.

Understanding the new European AML architecture

Central to the upcoming reforms is the creation of the Anti-Money Laundering Authority, commonly referred to as AMLA. This new authority is expected to play a pivotal role in shaping regulatory policy, coordinating enforcement actions and directly supervising selected high risk entities within the EU.

AMLA represents a shift from fragmented national supervision towards a more integrated European model. While national regulators such as the Greek Gaming Commission will continue to oversee local compliance, AMLA will provide overarching guidance and ensure consistency in the application of rules.

The authority will also facilitate information sharing among member states, improve risk assessment methodologies and strengthen the EU’s capacity to respond to complex financial crime schemes that transcend national borders.

Proactive engagement with Greek operators

In its communication to operators, the Greek regulator emphasised the importance of early preparation. Rather than waiting for the formal implementation date, operators are being encouraged to assess their current compliance frameworks and identify areas requiring enhancement.

To support this process, the Commission has announced a series of targeted initiatives. These include informational sessions designed to explain the structure and requirements of the new AML regime. The sessions will provide practical insights into compliance expectations, reporting obligations and risk management strategies.

Workshops and conferences are also planned, offering a more interactive platform for dialogue between regulators, operators and industry experts. These events are expected to address sector specific challenges and share best practices that can facilitate a smoother transition.

Collaboration across the gambling ecosystem

Recognising the complexity of the new regulatory landscape, the Commission has indicated that it will work closely with institutional partners and stakeholders across the gambling and entertainment sectors. This collaborative approach aims to ensure that all relevant actors are aligned with the evolving compliance requirements.

Such cooperation is particularly important in addressing issues such as customer due diligence, transaction monitoring and the identification of suspicious activities. By fostering a shared understanding of these obligations, the regulator hopes to reduce compliance gaps and enhance overall market integrity.

The Commission has also encouraged operators to actively participate in the public consultation process hosted by AMLA. This engagement provides an opportunity for industry participants to offer feedback on proposed rules and contribute to the development of practical and effective regulatory measures.

Regulatory messaging and industry reassurance

Antonis Bartholomaios, Chairman of the Greek Gaming Commission, underscored the regulator’s commitment to supporting licensed operators throughout this transition.

“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.”

This statement reflects a balanced regulatory approach that combines strict oversight with practical support. By positioning itself as both a supervisor and a partner, the Commission seeks to maintain industry stability while advancing compliance standards.

Implications for the Greek gambling market

The introduction of the EU AML framework is expected to have far reaching implications for the Greek gambling sector. Operators will likely need to invest in upgraded compliance systems, enhanced data analytics capabilities and staff training programmes.

Customer verification processes may become more rigorous, with increased emphasis on identifying beneficial ownership and assessing risk profiles. Transaction monitoring systems will also need to be refined to detect unusual patterns and flag potential red flags in real time.

While these changes may initially increase operational costs, they are also expected to strengthen the credibility and resilience of the market. A robust compliance environment can enhance investor confidence, protect consumers and reduce exposure to reputational risks.

Strengthening enforcement against illegal gambling

Alongside preparations for the EU AML framework, Greece has also taken steps to address illegal gambling activities. In February, a legislative proposal was introduced aimed at intensifying enforcement measures and imposing stricter penalties on violators.

The proposed bill targets a wide range of actors, including operators, players and individuals who promote unauthorised platforms. By extending liability to influencers and affiliates, the legislation seeks to curb the visibility and appeal of illegal gambling websites.

This dual approach, combining enhanced AML compliance with stricter enforcement against illegal operations, highlights the government’s broader strategy to safeguard the integrity of the gambling market.

Legal and compliance considerations

From a legal perspective, the upcoming changes underscore the importance of proactive risk management. Operators are advised to conduct comprehensive reviews of their policies and procedures, ensuring alignment with both national regulations and anticipated EU requirements.

Key areas of focus include internal controls, employee training and documentation practices. Maintaining clear and accurate records will be essential in demonstrating compliance during regulatory audits or inspections.

In addition, operators may need to engage with legal and compliance experts to interpret evolving requirements and implement appropriate measures. Early engagement can help mitigate potential risks and avoid disruptions once the new framework comes into effect.

Broader European context

The establishment of AMLA and the introduction of harmonised AML rules reflect a wider European commitment to combating financial crime. By creating a unified framework, the EU aims to close regulatory gaps and ensure consistent standards across member states.

For the gambling sector, this means operating within a more structured and closely monitored environment. While this may present challenges, it also offers an opportunity to elevate industry standards and build greater trust among stakeholders.

The Greek regulator’s proactive stance aligns with this broader objective, positioning the country as a compliant and forward looking participant within the European market.

Conclusion

The Greek Gaming Commission’s initiative to prepare operators for the upcoming EU anti money laundering framework represents a measured and strategic response to a complex regulatory transformation. By prioritising early engagement, collaboration and education, the regulator is seeking to ensure that the transition is both effective and manageable for all stakeholders.

The introduction of AMLA and the harmonisation of AML rules mark a significant milestone in the EU’s efforts to combat financial crime. For the Greek gambling sector, this shift brings both challenges and opportunities. While compliance requirements will become more demanding, they also provide a pathway towards greater transparency, accountability and long term sustainability.

As the 2027 implementation date approaches, continued cooperation between regulators, operators and industry participants will be essential. Through careful preparation and constructive dialogue, the Greek market can adapt to the new framework while maintaining its integrity and competitiveness within the European landscape.

FAQs

What is the role of AMLA in the new EU framework?
AMLA will coordinate supervision, develop standards and oversee high risk entities across the EU.

When will the new EU AML rules be implemented?
The framework will begin phased implementation starting on 10 July 2027.

Why is the gambling sector a focus for AML regulation?
The sector involves high transaction volumes and cross border activity which can increase financial crime risks.

What actions is the Greek Gaming Commission taking?
It is organising workshops, conferences and guidance sessions to help operators prepare.

Are Greek operators required to comply immediately?
No, but early preparation is strongly encouraged to ensure readiness by 2027.

Will AMLA replace national regulators?
No, national regulators will continue oversight while AMLA provides coordination and supervision at EU level.

How can operators participate in the consultation process?
They can engage through the AMLA public consultation platform and provide feedback on proposed rules.

What changes are expected for customer verification?
Stronger due diligence and risk assessment procedures are likely to be introduced.

What penalties exist for illegal gambling in Greece?
Proposed laws include stricter sanctions for operators, players and promoters of illegal platforms.

Will compliance increase operational costs for operators?
Yes, but improved systems may also enhance market credibility and reduce long term risks.