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Additional factors purportedly encompass the types of services purchased and whether a client has ever presented a suspicious or fraudulent document or taken actions to avoid registering or identifying the source of their funds. The small nation subsequently purportedly explained that its first-half aggregated gaming revenues had fallen by 15.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....

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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. Our Buffalo 50 slot has already been pre-released for a few number of operators,”Intended integrity:One of the three Baltic states and home to approximately 2....

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Our Buffalo 50 slot has already been pre-released for a few number of operators, Additional factors purportedly encompass the types of services purchased and whether a client has ever presented a suspicious or fraudulent document or taken actions to avoid registering or identifying the source of their funds.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....

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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. All information provided by the client must be confidential and carefully protected in accordance with the law and the company’s procedures.6 million) as issues associated with the ongoing coronavirus pandemic drove customers away from land-based gambling venues and towards the iGaming sector....