Compliance Updates
Finnish Committee Says Gaming Payment Blocks Could Violate Article 15 and 18 of Finland’s Constitution

Along with Norway, Finland is one of the few countries in Europe to retain a state-controlled monopoly system for gaming. However, a government committee has suggested it sees no justification for protecting that.
Analysing a proposed amendment to Finland’s Lotteries Act which would allow for payment blocking against non-licensed operators, the Constitutional Committee has concluded that there are no grounds to protect the monopoly of the state-controlled operator Veikkaus.
The bill filed in September would allow Finland to block payments to all gaming operators other than Veikkaus. Payment providers would have to implement the ban from January 1, 2023.
However, the Constitutional Committee argued that the payment block would be “a far-reaching restriction of fundamental rights” and could not be justified by the argument that it aimed to prevent gambling harm.
It said such a block could violate Article 15 of Finland’s constitution, which covers the protection of property, and Article 18, which guarantees the freedom to conduct business.
The Committee has asked the government to investigate whether “less intrusive methods” could be explored to achieve the desired goals.
Compliance Updates
Smarkets Fined £630,000 for AML and Social Responsibility Failings

The UK Gambling Commission (UKGC) has handed a £630,000 fine to betting exchange Smarkets after identifying a series of anti-money laundering and social responsibility failings, including letting a player deposit a six-figure sum without appropriate checks.
According to UKGC, Smarkets allowed customers to gamble without carrying out sufficient source-of-funds checks, while the operator was also found to have failed to identify and interact with customers at risk of experiencing harm.
Specific examples published by the Commission included one customer being allowed to deposit £395,000 during a four-month period, without appropriate source of funds checks being carried out by Smarkets.
The Commission also highlighted a case where an individual was able to transfer significant levels of funds between accounts without scrutiny or source-of-funds checks.
Sarah Gardner, Commission Deputy CEO, said: “This case was identified through compliance checks and once again highlights how we will take action against gambling operators who fail their customers.
“Our investigation into Smarkets unearthed a variety of failures where customers were put at risk of gambling harm.
“It was obvious that poor systems and processes were in place which contributed to these breaches, driven by the company’s failure to effectively implement its policies and controls.”
The operator has also received a formal warning and will undergo an audit to ensure it is effectively implementing its anti-money laundering and social responsibility policies, procedures and controls, in line with section 117(1)(b) of the Gambling Act 2005.
Asia
Openbox Gaming offers gateway to Asia

New provider will deliver fresh content opportunitues to both operators and suppliers
Openbox Gaming, a fast-growing distributor of iGaming content across Asia and other markets, has been issued an IOM OGRA Software Supplier licence by the Isle of Man Gambling Supervision Commission (GSC).
Having secured the Software Supplier licence, one of the industry’s newest iGaming distributors with a unique USP will be in a position to supply a portfolio of online casino games from a variety of internal and external suppliers, to licensed B2B gaming partners and B2C operators.
Richard Hogg, CEO of Openbox Gaming, commented: “We are excited to be able to continue in our mission to deliver gaming content to regulated jurisdictions worldwide and see this as a major step in achieving those objectives. We selected the Isle of Man Gambling Supervision Commission due to its established and proven reputation and its robust licensing process, which provides the ideal platform for our expansion into regulated markets.”
Tony Ure, Head of eGaming, Digital Isle of Man added: “It is a pleasure to welcome Openbox Gaming to the Island. Ensuring that the Island has a supportive ecosystem for gaming companies to operate their business, whilst maintaining our reputation as a highly regulated jurisdiction that prides itself on player protection is key to continuing the growth of this sector on the Isle of Man. I wish Openbox Gaming every success with their future ventures.”
Compliance Updates
PopOK Gaming Has Received a Certificate for Georgia

The innovative iGaming developer and service provider PopOK Gaming is now certified to offer its games in Georgia.
PopOK Gaming now extends its iGaming activities to Georgia as well. This way, local players will have access to our engaging games already loved by many. 18 games, such as Yummy, Lost Treasure, Diamond Flash, 20 Hot Bar, Sultan’s Tale, Los Apaches and others, will bring a breath of fresh air to all players and make their leisure more colourful, tasty and enjoyable.
PopOK Gaming’s local partners will surely get a lot of benefits from this, being able to deliver certified games to their customers. The gain is totally worth it, with the clear potential to drive high traffic to operators’ websites and greatly contribute to their business growth.
Regarding this certificate acquisition PopOK Gaming CEO, Karen Gulkanyan said, “Since iGaming is regulated strictly in Georgia, it’s a huge step forward to deliver our games to the Georgian audience. The path is not easy, yet we are full of hope that our lucrative solutions will immediately appeal to the regional players and increase business revenue for partners, laying the foundation for long-term cooperation”.
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