Baltics
Lithuania Announces New KYC Guidelines for Gaming Operators

Lithuanian authorities have published new know-your-customer (KYC) guidelines for gaming operators.
The Ministry of Finance’s Gambling Supervision Service said the guidelines outline the factors that gambling and lottery companies should take into account when assessing relationships and transactions to reduce the risk of involvement in money laundering and terrorist financing.
Operators must check all registrations to inspect whether a client is politically vulnerable or resident in a country deemed high-risk by the European Commission.
The guidelines state: “The company should try to get as much information as possible from the client. Such information should be collected prudently and efforts should be made to verify the information provided by the client.
“All information provided by the client must be confidential and carefully protected in accordance with the law and the company’s procedures.”
The guidelines aim to bring the gambling sector into compliance with the Prevention of Money Laundering and Terrorist Financing Act.
-
Asia5 days ago
Jetapult Strengthens AI Expertise: Onboards Industry Leaders, Oz Silahtar and Dr. Arjun Jain
-
Latest News6 days ago
Roobet Promo Code: Redeem “WRD100” Now to Get a Free Money & Cashback
-
Latest News6 days ago
Regulatory Roadblocks: The Future of Sweepstakes Gaming in the U.S.
-
Africa6 days ago
Gaming Corps Expands African Presence with KingMakers Partnership
-
Latest News6 days ago
Recently Released Slot Games Worth Checking Out
-
Latest News6 days ago
UK Gambling Commission Flags Deepfake-Fueled Money Laundering Threats in Online Gambling Sector
-
Latest News6 days ago
ULTIM8 SPORTSBOOK IFRAME: Ultimate Solution for Operators Who Have Seen It All
-
Latest News6 days ago
PG Soft debuts Doomsday Rampage slot