Compliance Updates

The most recent compliance updates of the online and land based gaming industry in the European Union, Asia, Russia and Americas

Europe that Protects: Stronger rules criminalising money laundering enter into force

 The HALLO ECHO
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  Today, the new measures to counter money laundering by criminal law enter into force across the EU. The new rules will ensure that dangerous criminals and terrorists face equally severe penalties for money laundering wherever they are in the EU, with a minimum term of imprisonment of 4 years. Commissioner for Migration, Home Affairs…

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Aspire Global obtains sports gaming license in Ireland

 The HALLO ECHO
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  Aspire Global, the Malta-based provider of iGaming solutions, has obtained iGaming license for its sportsbook in Ireland, raising the company’s number of licenses in the portfolio to seven. It is soon likely to become eight, when it completes the formalities for the upcoming Swedish license. The Irish sports betting authority issued the iGaming license…

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FTC to investigate in-game loot boxes

 The HALLO ECHO
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  The Federal Trade Commission (FTC) will investigate the loot boxes embedded with video games.   Maggie Hassan, New Hampshire Senator, requested the investigation early this year. FTC chairman Joe Simons told Hassan in a Senate Commerce subcommittee hearing that he would be looking into the matter in an official capacity. “Loot boxes are now…

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Latvia bans illegal gambling domains

 The HALLO ECHO
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  Lotteries and Gambling Supervisory Inspection of the Republic of Latvia (IAUI), the gambling regulator in the country, has blocked 20 illegal gambling websites in the country. IAUI has published the list of banned websites as well. The following websites are also included on the banned list in Latvia: grandfortunecasino.com, vippowerlounge.com, powerjackpot.com, powerjackpotcasino.com, classicjackpot.com, fruits4real.com,…

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Videoslots statement

 The HALLO ECHO
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  A spokesperson for Videoslots stated: “We confirm that Videoslots has entered a regulatory settlement with the UK Gambling Commission to conclude a review of our operating licence. Their investigations were part of a thematic review by the regulator into AML and responsible gambling compliance in the remote gambling industry. “We are pleased that the…

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Russian telecom regulator sues Google

 The HALLO ECHO
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  Roskomnadzor, the Russian telecom regulator, has filed a case against Google, for its failure to comply with local requirement of blocking illegal Russian gambling domains. Roskomnadzor had asked Google to link with the federal state information system and block the companies and domains blacklisted there. The federal state information system contains a continuously updated…

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