Business , EMEA , Legislation , Regulation
November 5, 2023

Videoslots Hit with Fine Over AML Lapses by Swedish Regulator

In a decisive move, Sweden’s Spelinspektionen levies a substantial fine on Videoslots for non-compliance with stringent AML directives. As the regulatory magnifying glass scrutinizes the operator’s customer interactions, revelations of significant discrepancies in due diligence emerge, bringing AML practices to the limelight. While facing financial repercussions, Videoslots is recognized for its concerted improvements, reflecting a […]

EMEA , Legislation
November 3, 2023

Italian Finance Ministry Proposes Overhaul of Online Gambling Laws

The Italian Ministry of Finance is poised to introduce substantial changes to Italy’s online gambling regulations in a forthcoming preliminary decree. This initiative marks the first comprehensive review of the online gambling sector since its regulation in 2011. The proposed draft decree encompasses revisions to online gambling concessions and licensing fees, along with the introduction […]

Africa , Business , Daily News , Finance , Legislation , Regulation
October 31, 2023

FATF Pressures Philippines to Fast-Track AML Initiatives for List Removal

Financial Action Task Force (FATF) has once more stressed the need for the Philippines to accelerate the adoption of its action plan concerning anti-money laundering (AML) and counter-financing of terrorism (CFT). The Philippines found its name on the FATF grey list in June 2021 due to an evaluation by the Asia-Pacific Group on Money Laundering […]

Daily News , Latam & Carribean , Legislation , Regulation
October 30, 2023

Brazil’s Sports Betting Scene: Operators Offered 30-Day Window to Register Intent

Brazil

In a decisive move, Brazil’s Ministry of Finance released Ordinance No. 1330 recently, laying down a comprehensive framework of requirements for prospective sports betting operators. This initiative comes as Brazil readies itself for the inception of a fully regulated betting market. Companies keen on tapping into this burgeoning market are now given a 30-day timeframe […]

Business , EMEA , Legislation , Regulation
October 30, 2023

Armenia Enforces Cash Payment Ban for Online Gambling

In a step to curb gambling addiction, the Armenian government is vigorously implementing a cash ban for online betting activities. Following directives from the National Assembly, agencies have been instructed to set into motion rules that permit the topping up of online gambling accounts exclusively with cards issued by nationally licensed banks. This strategic move […]

Business , EMEA , iGaming , Legislation , Regulation
October 27, 2023

EGBA Supports Finland’s Shift Towards Licensed Gambling

The European Gaming and Betting Association (EGBA) has expressed its approval of Finland’s initiative to introduce a regulatory framework for online gambling. Initiated by the Ministry of the Interior, the plan is to dissolve the longstanding monopoly held by the state’s gambling operator, Veikkaus, and implement a licensing procedure. This legislative shift aims to better […]

Legal , Legislation , Oceania
October 27, 2023

Australia’s BetStop Initiative Sees Nearly 10,000 Registrations in Months

BetStop, Australia’s National Self-Exclusion Register, is significantly impacting those vulnerable to online gambling harm. Since its inception in August 2023, approximately 10,000 Australians have registered, a majority of whom are below 40, with most opting for lifetime self-exclusion. This highlights the increasing concerns of younger Australians about online gambling’s impact on their lives. Over 1,200 […]

Business , Legislation , Regulation
October 27, 2023

Norway Targets Unlicensed Gambling with DNS Blockade Strategy

Seeking to fortify its stance against unlicensed gambling, Norway is pushing forward with a proposition to implement DNS (Domain Name System) blocking for such websites. The new legislation mandates internet service providers to initiate technical protocols, blocking access to specified websites, and rerouting users to a dedicated landing page explicating the cause of the blockade. […]

Business , EMEA , Legislation
October 27, 2023

Finland Propels Forward with Plans to Regulate its Gambling Market

In a pivotal move, the Finnish government is steering towards the introduction of a comprehensive, regulated gambling environment by 2026, setting the stage to dissolve the prevailing monopoly framework. Presently, Veikkaus, a state-owned entity, stands as the solitary operator overseeing regulated gambling in the country. The upcoming transition, however, seeks to usher in a licensing […]

Business , EMEA , Legislation , Regulation
October 27, 2023

Dutch MPs Advocate for Online Gambling Tax Hike

Two prominent MPs, Silvio Erkens of the People’s Party for Freedom and Democracy, alongside Chris Stoffer from the Reformed Political Party, have jointly presented an amendment targeting an uplift in the Netherlands’ gambling tax. Their recommendation would see a 1% surge, elevating the current rate of 29.5% to 30.5%. This initiative aims to compensate for […]