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Reportedly reads a section of Lithuania’s new know-your-customer guidelines…“The company should try to get as much information as possible from the client.”Intended integrity:One of the three Baltic states and home to approximately 2. Additional factors purportedly encompass the types of services purchased and whether a client has ever presented a suspicious or fraudulent document or taken actions to avoid registering or identifying the source of their funds....
The small nation subsequently purportedly explained that its first-half aggregated gaming revenues had fallen by 15. The source detailed that the guidelines moreover outline what factors such sectors should be considering when assessing business relationships and monetary transactions so as to help stamp out the threats posed by money laundering.Recognition requisite:In terms of particular facets of the fresh know-your-customer directives, all lottery and iGaming operators in Lithuania will now be reportedly required to identify politically vulnerable or high-risk clients playing from abroad before applying a series of enhanced identification protocols and registrations....
According to a Monday report from iGamingBusiness.”Intended integrity:One of the three Baltic states and home to approximately 2.8 million (....
com, the Gambling Supervision Service regulator revealed that the revised regulations have been designed to bring the local online gaming and lottery industries into line with the country’s Prevention of Money Laundering and Terrorist Financing Law.6 million) as issues associated with the ongoing coronavirus pandemic drove customers away from land-based gambling venues and towards the iGaming sector.Reportedly reads a section of Lithuania’s new know-your-customer guidelines…“The company should try to get as much information as possible from the client....
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