Connect with us
SIS

Compliance Updates

U.S. District Judge Overturns the Expanded Prohibition on Online Gambling

Niji Narayan

Published

on

U.S. District Judge Overturns the Expanded Prohibition on Online Gambling
Photo Source: nacion.com
Reading Time: < 1 minute

 

U.S. District Judge Paul Barbadoro has ruled that the U.S. Justice Department’s recent move to expand a prohibition on online gambling under a 1961 law only bans sports betting that involves interstate transactions.

The decision will be a big relief to operators of interstate lotteries and other internet-based gambling sites who feared that the Justice Department’s expanded reading of the law, disclosed in January, could jeopardise all online wagering that crosses state lines.

The states “faced the choice between risking criminal prosecution, winding down their operations, or taking significant and costly compliance measures that may not even eliminate the threat,” according to Barbadoro’s decision.

The expanded interpretation by the Justice Department’s Office of Legal Counsel dated Nov. 2 and made public in January said an opinion issued about seven years ago that the 1961 Wire Act only banned sports gambling was a misinterpretation of the statute. The conflicting readings of the statute were prompted by the ambiguous grammar used in a key passage.

Barbadoro said that he had to look beyond the grammar to the context of the law to decide its meaning. A separate law passed simultaneously with the Wire Act, the Paraphernalia Act, showed Congress’s intention, according to the judge.

“That these two gambling statutes were passed the same day sends a strong contextual signal concerning the Wire Act’s scope. The Paraphernalia Act demonstrates that when Congress intended to target non-sports gambling it used clear and specific language to accomplish its goal. In other words, when Congress wished to achieve a specific result, it knew how to say so,” Barbadoro said.

Advertisement
Kasynos.Online

Compliance Updates

Complitech hits 10,000 technical compliance requirements with Greece listing

George Miller

Published

on

Complitech hits 10,000 technical compliance requirements with Greece listing
Reading Time: < 1 minute

 

Complitech, the gaming industry’s only product and technical compliance database, has hit a major landmark with the listing of its 10,000th requirement, after adding Greece to its selection of jurisdictions.

The addition means Complitech users can now download, sort, analyse and compare more than 10,000 technical compliance requirements from 27 regulated online gaming jurisdictions within seconds.

These requirements are translated into English and kept up to date by a team of compliance experts, with new markets added as they open. As well as Greece, full technical compliance requirements from Germany and the Netherlands will soon be available to Complitech users.

The database has quickly become a must-have tool for suppliers looking to expand their global footprint within regulated markets. On average, Complitech users are able to enter new jurisdictions 60 percent faster than competitors.

Francesco Bianchi, Director of Compliance Operations at Maxima Compliance, said: “It has been a little over six months since we launched Complitech, so it is a fantastic achievement to have already hit such a landmark.

“A huge amount of work has been put in by the team to ensure that compliance managers and product owners no longer need to spend weeks researching and translating these requirements themselves.

“Complitech not only streamlines and optimises the process of entering new regulated markets, but its powerful gap analysis tools mean it can be used to identify new strategic opportunities for your business.”

Continue Reading

Compliance Updates

Belgium Implements Capacity Limit for Land-based Gaming Venues

Niji Narayan

Published

on

Belgium Implements Capacity Limit for Land-based Gaming Venues
Reading Time: < 1 minute

 

The Belgian government has published a new decree limiting the capacity at land-based gaming venues in the country to a maximum of 40 people as the number of Covid-19 cases increases.

Also, casinos, gambling halls and betting shops must remain closed between 11:30 pm and 6:00 am, and upon arrival, customers must register their details for contact tracing.

The sale of food and drink onsite is prohibited, and customers are also obliged to wear masks, a rule which has been in effect in all public places in Belgium since July.

Continue Reading

Australia

AUSTRAC Launches Formal Investigation into Crown Melbourne Over AML Concerns

Niji Narayan

Published

on

AUSTRAC Launches Formal Investigation into Crown Melbourne Over AML Concerns
Reading Time: < 1 minute

 

AUSTRAC, Australia’s financial crime watchdog, has launched a formal investigation into potential infringements of the country’s anti-money laundering laws by Crown Resorts.

In a Monday morning filing with the Australian Securities Exchange, Crown revealed that it had been informed of the investigation by AUSTRAC after the authority’s Regulatory Operations branch identified potential non-compliance by Crown Melbourne of the Anti-Money Laundering and Counter Terrorism Financing Act 2006 and the Anti-Money Laundering and Counter Terrorism Financing Rules 2007.

The potential non-compliance relates to “ongoing customer due diligence, and adopting, maintain and complying with an anti-money laundering/counter terrorism financing program,” Crown said.

It added that the concerns were identified “in the course of a compliance assessment that commenced in September 2019 and focused on Crown Melbourne’s management of customers identified as high risk and politically exposed persons.”

Continue Reading
Advertisement
NSoft

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.

Kasynos.Online