Spanish Operators Face Tighter Anti-money Laundering Requirements

Audits and KYC player verification on pay-outs in excess of Euro 2,500

Spanish online gambling operators, already burdened with bureaucratic reportage and high taxation requirements, have been advised that tighter anti-money laundering regulations must now be applied.

These include the identity verification of any player receiving a pay-out of more than Euro 2,500; measures to check up on repeated winners and to better uncover suspicious player activity; and the compulsory use of external annual audits to ensure compliance.

Online Casino News Courtesy of Infopowa

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Casinomeister

The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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