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Compliance Updates

Russia unveils new law to punish illegal gambling

Published

7 years ago

on


Russian President Vladimir Putin in Moscow earlier this year. (Photo: Kremlin.Ru)
Reading Time: < 1 minute

According to the Russian President Vladimir Putin has signed a new law that would slap stringent punishment for unlawful organisation of gambling. According to the new law, bill, persons who conduct gambling in betting organisations outside special zones or who provide premises for unlawful gambling could receive fines up to 500,000 rubles (US$7,950) and two-year imprisonment.

If such activities are conducted by a group or business, the punishment can go up to a fine of 1,000,000 rubles ($15,900) and four-year imprisonment. If it is an organised betting racket conducting large-scale illegal gambling, the punishment can be more severe – a fine of up to 1.5 million rubles ($23,900) and six-year imprisonment.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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