Anjouan regulator made a statement on June 10th that its licence does not grant the right to operate in all markets without restrictions.
The Gaming Regulatory Authority of the Autonomous Island of Anjouan (AGA) has issued a clarification that the jurisdiction's online licences are not a universal permission to operate worldwide. The statement was published amid discussions about the role of offshore licences in the international iGaming segment.
The AGA emphasised that the licence operates within the framework of Anjouan island legislation and does not exempt operators from complying with the requirements of other states.
According to the regulator, licensees are required to undergo anti-money laundering checks, customer identification procedures (KYC), comply with responsible gambling standards and meet technical platform requirements.
Operators must also handle user complaints and have their websites approved by the regulator. In the event of violations, the licence may be suspended or revoked.
Just for context, the statement was published on the same day as an article by the CEO of Flutter International, a division of Flutter Entertainment. He warned about the growth of the unregulated iGaming segment ahead of the upcoming FIFA World Cup.
This isn't new information exactly, but having the regulator itself say it publicly is unusual. It's a rare moment of transparency from an offshore licensing body.
Furthermore, according to the head of Flutter International, UN data suggests that the volume of bets placed on illegal platforms during the tournament could exceed the total figures of the entire global regulated market.
Source: igamingtoday.com/anjouan-regulator-denies-global-reach-of-licences and focusgn.com/anjouan-gambling-regulator-rejects-international-criticism-of-licensing-regime
The Gaming Regulatory Authority of the Autonomous Island of Anjouan (AGA) has issued a clarification that the jurisdiction's online licences are not a universal permission to operate worldwide. The statement was published amid discussions about the role of offshore licences in the international iGaming segment.
The AGA emphasised that the licence operates within the framework of Anjouan island legislation and does not exempt operators from complying with the requirements of other states.
According to the regulator, licensees are required to undergo anti-money laundering checks, customer identification procedures (KYC), comply with responsible gambling standards and meet technical platform requirements.
Operators must also handle user complaints and have their websites approved by the regulator. In the event of violations, the licence may be suspended or revoked.
Just for context, the statement was published on the same day as an article by the CEO of Flutter International, a division of Flutter Entertainment. He warned about the growth of the unregulated iGaming segment ahead of the upcoming FIFA World Cup.
This isn't new information exactly, but having the regulator itself say it publicly is unusual. It's a rare moment of transparency from an offshore licensing body.
Furthermore, according to the head of Flutter International, UN data suggests that the volume of bets placed on illegal platforms during the tournament could exceed the total figures of the entire global regulated market.
Source: igamingtoday.com/anjouan-regulator-denies-global-reach-of-licences and focusgn.com/anjouan-gambling-regulator-rejects-international-criticism-of-licensing-regime
