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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.Brand power:In a company press release, Chief Commercial Officer for GAN, Jeffrey B.les 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....

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9% year-on-year to around €43.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.Reportedly reads a section of Lithuania’s new know-your-customer guidelines…“The company should try to get as much information as possible from the client....

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However, such information should be collected prudently and efforts should be made to verify the information provided by the client.8 million (.Additionally, as a major operator in Las Vegas and Boston, ...

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Reportedly reads a section of Lithuania’s new know-your-customer guidelines…“The company should try to get as much information as possible from the client.Distinct divisions:Finally, it was reported that the fresh Lithuanian directives furthermore mandate that all foreign iGaming and lottery customers be categorized according to a number of criteria including the nature, size and extent of their monetary transactions. The small nation subsequently purportedly explained that its first-half aggregated gaming revenues had fallen by 15....