European Union

egba-welcomes-european-parliament’s-approval-of-new-eu-anti-money-laundering-framework

EGBA Welcomes European Parliament’s Approval Of New EU Anti-Money Laundering Framework

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Reading Time: 2 minutes   The EU’s new anti-money laundering package aims to create a more consistent regulatory framework and will benefit online gambling operators by standardising AML rules and reporting requirements across member states. Brussels, 24 April 2024 – The European Parliament has approved the EU’s new anti-money laundering (AML) package at its plenary…

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European Union Updates Country List for Stricter AML Checks

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  The European Commission, the executive branch of the European Union (EU), has updated its list of high-risk countries, from which players should be subjected to stricter customer checks by gambling operators. Based on Directive (EU) 2015/849, Article 9, the Commission identifies any high-risk third countries that have strategic deficiencies in their regime on anti-money…

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EU Report Suggests Consumer Protection Approach to Tackle Loot Boxes

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  A report commissioned by the EU Internal Market and Consumer Protection Committee has recently come to the conclusion that the EU should stop approaching loot boxes as a gambling issue and treat the practice as a consumer protection issue. The report concludes that while the problematic practice can be dangerous due to the way…

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Germany Submits New Gambling Regulations to European Union

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  Germany has submitted the revised framework of its fourth edition of the “State Treaty on Gambling” to the European Union. Despite numerous revisions, the framework has yet to be ratified by the nation’s 16 federal Länder (states). The make-up of the treaty continues to be debated by regional MPs at the Bundestag federal council,…

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Macolin Convention Enters into Force

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  The Council of Europe (CoE) has announced that the Macolin Convention entered into force. Macolin Convention sets out a legal framework to tackle match fixing in sport, as well as creating legal definitions for issues such as conflicts of interest and illegal betting. The Treaty will first establish a new Convention Follow-up Committee. This…

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Brussels Regulatory Brief by K&L Gates: March 2018

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Antitrust and Competition Another transaction in the technology sector referred to the European Commission for its review The European Commission (“Commission”) is yet again set to review a transaction in the technology sector which does not meet the EU merger notification thresholds but that is likely to have cross-border effects in the EU. On 6…

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