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” Authorities in Lithuania have reportedly published a series of new know-your-customer rules for iGaming firms following the recent emergence of allegations that the small nation’s online gaming industry may have become an easy target for money launderers. According to a Monday report from iGamingBusiness. Online Casino com, the Gambling Supervision Service regulator revealed that the revised regulations have been designed to bring the local online gaming and lottery industries into line with the country’s Prevention of Money Laundering and Terrorist Financing Law. The source detailed that the guidelines moreover outline what factors such sectors should be considering when assessing business relationships and monetary transactions so as to help stamp out the threats posed by money laundering. Recognition requisite:In terms of particular facets of the fresh know-your-customer directives, all lottery and iGaming operators in Lithuania will now be reportedly required to identify politically vulnerable or high-risk clients playing from abroad before applying a series of enhanced identification protocols and registrations. Roulette Wheel Play For Free Such punters will therefore purportedly be required to hand over reliable independent data or documents like public registers so as to verify the source of the funds they are using to enjoy gambling entertainment. Online Casino Online Casino Corporate commitments:The new rules also reportedly mandate that local compacasino near me coloradonies carry out commensurate authentications on any business relationships they hold with non-domestic compatriots or individuals from nations identified by the European Commission as being a potential high-risk source of money laundering.
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The small nation subsequently purportcasino near me coloradoedly explained that its first-half aggregated gaming revenues had fallen by 15. Online Casino Online Casino 9% year-on-year to around €43. Online Casino 8 million (. Full Moon Casino Mibibippi 6 million) as issues associated with the ongoing coronavirus pandemic drove customers away from land-based gambling venues and towards the iGaming sector. Online Casino Crown Europe Online Casino British business-to-business iGaming software supplier Game Account Network (GAN) (NASDAQ: GAN) has been chosen by American casino and hotel developer and operator Wynn Resorts (NASDAQ: WYNN) to serve as the ente r to ‘further strengthen law enforcement’ in order to ‘jointly tackle criminal activities including online gambling and cyber fraud’. Cambodian crackdown:However, China’s anti-online gambling stance has reportedly not been completely ignored as officials in Cambodia recently revealed that they are to cease issuing or renewing their Online Casino Online Casino Online Casino
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