The Danish Gambling Regulator Scolds bet365 over Anti-Money Laundering and Due Diligence Failures

The Danish Gambling Regulator Scolds bet365 over Anti-Money Laundering and Due Diligence Failures

The British gambling operator bet365 has suffered the Danish Gambling Authority’s backlash over a compliance failure linked to 2 of the company’s licensing conditions. The Danish gambling regulatory body – Spillemyndigheden – referred to the British online gambling and sports betting company by the name of Hillside (New Media) Ltd, its business entity, to state that bet365 had done nothing to prevent a young player from making a deposit of DKK190,000 to his account in less than a year. What is more – the operator did not make sure at…

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Stricter Gambling Laws to Be Imposed in Victoria If New Legislative Proposal Gets Approved by Local Lawmakers

Stricter Gambling Laws to Be Imposed in Victoria If New Legislative Proposal Gets Approved by Local Lawmakers

A new legislative proposal made by Victorian lawmakers is seeking to see the implementation of stricter rules for the local gambling industry as part of the authorities’ efforts to tackle gambling-related harm. Under the provisions of the new regulation, the recently-established Victorian Gambling and Casino Control Commission (VGCCC) is set to be empowered, as it will take over the responsibilities of the so-far existing regulator – the Victorian Commission for Gambling and Liquor Regulation (VCGRL). This, however, applies only to the gambling regulation of the VCGRL, while the liquor regulation…

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