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British business-to-business iGaming software supplier Game Account Network (GAN) (NASDAQ: GAN) has been chosen by American casino and hotel developer and operator Wynn Resorts (NASDAQ: WYNN) to serve as the enterprise software platform for the company’s coming launch in the state of Michigan.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.9% year-on-year to around €43....
The small nation subsequently purportedly explained that its first-half aggregated gaming revenues had fallen by 15. 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.”According to GAN, the Las Vegas-based company’s leveraging of its “U....
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. However, such information should be collected prudently and efforts should be made to verify the information provided by the client.The launch in Michigan between Wynn and GAN will be part of the March 27, 2020 market access agreement agreed to by the London-headquartered firm and the Sault Tribe of Chippewa Indians....
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. Such punters will therefore purportedly be required to hand over reliable independent data or documents like public registers so as to verify the source of the funds they are using to enjoy gambling entertainment.Corporate commitments:The new rules also reportedly mandate that local companies carry out commensurate authentications on any business relationships they hold with non-domestic compatriots or individuals from nations identified by the Europfree casino games i can play emxtean Commission as being a potential high-risk source of money laundering....
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