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Compliance Updates

Russia Intensifies Crackdown on Illegal Gambling

Published

5 years ago

on

Russia Intensifies Crackdown on Illegal Gambling
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Russian President Vladimir Putin has ordered the Federal Tax Service to place bets with bookmakers, casinos and betting shops to identify illegal operators. He believes that placing bets with those operators, as well as buying lottery tickets is a good strategy to identify illegal gambling and lotteries organisers.

The strategy established by the government sets that three Federal Tax Service employees must make at least three bets. The employees can keep their wins, but it is expected that they will be paid into the strategy budget. If the Federal Tax Service finds an illegal operator, it will first block the website and add them to a blacklist of illegal lotteries and operators. The list already features more than 40 offshore companies.

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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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