Compliance Updates
Ireland to Establish Independent Gambling Regulator by 2020
The proposals to establish an independent gambling regulator by the Irish government has received full support of the industry.
“You are going to be talking about money laundering, you’re going to be talking about problem gambling, enforcement, licensing, research, regulation, inspection, so you could have up to 100 people working in this authority with that kind of expertise,” Junior minister David Stanton said.
The intentions to create an independent body were announced earlier this year as part of the government’s efforts to make the regulation of the country’s gambling sector more efficient.
Stanton explained in a seminar that a new Irish gambling regulatory body is set to be established in the next 18 months, and added that it is imperative that the new body remains independent of both the industry and government.
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