#Money Laundering Act

World Casino News

Review Online Casino Sites In Noway

In Norway, the realm of online casinos operates within a grey area of legality, presenting both restrictions and opportunities for players. Governed by laws such as the Gaming Scheme Act of 18 March 2022 no. 12 and the Gaming Scheme Regulation of 17 November 2022 no. 1978, the provision, marketing, or distribution of gambling activities without…
Law
Review Online Casino Sites In Noway
The Tribune India

From Smartphones to Slot Machines: The Rise and Risks of Mobile Gambling in India

Mobile gambling, or the use of mobile devices such as smartphones and tablets to play games of chance or skill for money or prizes, is a rapidly growing industry in India. According to a report by KPMG and Google, the online gaming market in India has reached $2.8 billion by 2022, with mobile gaming accounting for 85% of the total revenue. But what…
Mobile
From Smartphones to Slot Machines: The Rise and Risks of Mobile Gambling in India
Super Slots
New Age

Online casino kingpin Salim jailed for 8 years

Police produce online casino kingpin Salim Pradhan in Dhaka Special Judge Court-8 that sentenced him to eight years in jail on Sunday in a case filed by the Anti-Corruption Commission. - New Age photo The Dhaka Special Judge Court-8 on Sunday sentenced online casino kingpin Salim Pradhan to eight years of imprisonment-four years each on charges of…
Incidents
Online casino kingpin Salim jailed for 8 years
Wild Casino

$5,000 Welcome Bonus

Deposit bonuses are optional and must be requested by the player when making a deposit. For example, use Promo Code WILD1 to a 100% Casino bonus. Your bonus request will be assessed and, if your account is eligible for the bonus, it will be added to your account immediately.
PokerTube

Thai Internet Gambling Icon Sentenced to 54 Years in Jail for Illegal Gambling Operation and Money Laundering

A Thai net idol has been sentenced to 54 years in jail for running an illegal gambling operation and laundering the profits. Siapo Po-arnon, 30, was the head of a 21-defendant strong gang charged with violating the Gambling Act, the Money Laundering Act and many other offences. The criminal court heard that Siapo ran a sophisticated operation that…
Incidents
Thai Internet Gambling Icon Sentenced to 54 Years in Jail for Illegal Gambling Operation and Money Laundering
Bettors Insider

Proving the source of wealth at an online casino

Casinos will ask for information about their players when necessary, but is it normal for them to ask for proof of source of funds? The answer is yes. Proof of source of funds at an online casino is important due to a number of laws, directives and the security of the player and the gaming site. Many new casino players may be surprised at how…
Malta
Proving the source of wealth at an online casino
Journals Of India

Online Gaming and its regulations

Of the numerous things that the pandemic has changed in our lives, an obvious one is the way we entertain ourselves. Amid the proliferation of OTT channels and the rise in viewing hours what has gone unnoticed is the burgeoning use of online gaming. The average time spent on online gaming has gone up almost 65 per cent from pre-Covid levels. More…
Industry
Online Gaming and its regulations
Bollyinside

$12.83 Million Worth of Bitcoins Frozen by ED in E-nuggets Gambling Case

The Enforcement Department (ED) has issued a 12.8 billion dollar lawsuit under the provisions of the Prevention of Money Laundering Act (PMLA) following an investigation into one Aamir Khan and others in connection with the mobile game application - E-Nugget. 30 million rupee worth of bitcoin has been frozen. - It was conducted. Law Enforcement…
Law
$12.83 Million Worth of Bitcoins Frozen by ED in E-nuggets Gambling Case
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Financial Express

TDS Deduction on Online Gambling: How is TDS deducted on Online Gambling Sites?

TDS Deduction on Online Gambling Sites: Online gambling sites have to deduct TDS for payment of any amount over Rs 10000. Currently, there is no specific classification of assessees and codes for online gambling sites under the Income Tax Act. Therefore, activity-wise granular data in respect of taxes paid is not maintained by the Central Board of…
Gambling Sites
TDS Deduction on Online Gambling: How is TDS deducted on Online Gambling Sites?
European Gaming

Casino Copenhagen Reprimanded for AML Failings

Danish gambling regulator Spillemyndigheden has issued a series of reprimands against Casino Copenhagen in the country's capital. It found the casino had committed several breaches of the Danish Money Laundering Act by failing to compile risk assessments, among other issues. The first rebuke concerns risk assessments, which are a requirement under…
Incidents
Casino Copenhagen Reprimanded for AML Failings
World Casino News

Five reprimands for Casino Copenhagen

The gaming regulator for Denmark has reprimanded the 32-year-old Casino Copenhagen after the gambling-friendly venue was found guilty of five separate breaches of the Scandinavian nation's Anti-Money Laundering Act. Opened in late-December of 1990 adjacent to the 544-room Radisson Blu Scandinavia Hotel Copenhagen, Casino Copenhagen is the largest…
Poker
Five reprimands for Casino Copenhagen
Gambling News

Tipwin and Mybet Got Licenses for Online Slot Machines

On June 23, Tipwin and Mybet obtained licenses in Germany for slot machine games, becoming the second and third-biggest gambling company in the whole country that offers such games online. The new license has allowed renowned sports betting operator Tipwin to offer slot games as part of a new section on its website, while Mybet acquired its license…
Sports
Tipwin and Mybet Got Licenses for Online Slot Machines
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iGaming Business

Tipwin and Mybet join Mernov as Germany’s only online slots licensees

Tipwin - a well-known sports betting operator in the country - is now also allowed to offer slots, on a new gaming section of its website. Online-first operator Mybet has also secured a licence, through its owner Ruleo Alpenland. A previous iteration of Mybet had filed for insolvency in 2018, before the brand was revived under new ownership, with a…
Sports
Tipwin and Mybet join Mernov as Germany’s only online slots licensees
Casino News Daily

The first nation-wide online slot casinos for Germany may open June 1

The first federally licensed online slot casinos could launch in Germany as soon as June 1 according to one of the sites that were recently announced as a licensee. JackpotPiraten.de and BingBong.de are both sites owned by Gauselmann Group subsidiary, Mernov Betriebsgesellschaft mbH. The announcement first appeared on the website of the German…
Winnings
The first nation-wide online slot casinos for Germany may open June 1
The Free Press Journal

Mumbai: City-based agents linked to illegal online gambling under ED's lens

Some of the people from Mumbai, Delhi, Kolkata and Goa who acted as club managers or agents and were allegedly part of operating unions on "PP Poker Online Gaming App" and placing illegal bets and gambling on the same, are under the scanner of the Enforcement Directorate (ED), which is probing a money-laundering probe in connection with the said…
Law
Mumbai: City-based agents linked to illegal online gambling under ED's lens
Kuensel

Implementing laws is the answer to gambling

The issue of gambling keeps coming to the Parliament. Since the last discussion, a lot has changed- at least in the forms of gambling. We are not talking about the high stake dice and card games, but both online and offline gambling where stakes are even higher and risk too. Gambling is increasing in the country. It has been a social menace…
Incidents
Implementing laws is the answer to gambling
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Gambling News

Spelinspektionen Ordered Bans for 23 Illegal Gambling Websites

Sweden's national gambling regulator continues to display its determination to protect the legal market from black operations by forcing IP bans on 23 Curacao-based operators. Spelinspektionen informed the institutions it collaborates with that 23 businesses and their websites operating out of Curacao illegally target Swedish residents, looking to…
Gambling Sites
Spelinspektionen Ordered Bans for 23 Illegal Gambling Websites
Times Of Malta

How has the Swedish gambling regulation affected the industry so far?

Any gambling industry from any part of the world is required to follow a set of rules and regulations. These tend to vary from one country to the next. However, one thing they have in common is that they could be confusing to comprehend. This post will cover more about the rules and regulations governing the Swedish gambling industry. Additionally,…
Law
How has the Swedish gambling regulation affected the industry so far?
The Star

Archaic gambling laws being reviewed, says Deputy Home Minister

KUALA LUMPUR: Archaic laws on gambling are being reviewed to tackle rising online gambling activities, says Datuk Seri Ismail Mohamed Said. "We are looking at the laws related to gambling to ensure that they remain relevant with regard to the modus operandi used, especially for online gambling. "In this respect, the Home Ministry is working with…
Law
Archaic gambling laws being reviewed, says Deputy Home Minister
New Age

Online casino kingpin Salim Pradhan indicted

The Dhaka Special Judge Court on Sunday framed charges against one of the kingpins of online casino business Salim Pradhan in a case filed by the Anti-Corruption Commission over amassing illegal wealth and money laundering. Judge Al Asad Asifuzzaman of the Dhaka Special Judge Court-6 framed charges against Salim and fixed November 25 to start the…
Sports
Online casino kingpin Salim Pradhan indicted
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Gambling News

Denmark: LeoVegas Escapes Regulatory Probe Unscathed

October turned out to be a month of mixed emotions for Swedish gambling group LeoVegas AB as far as its operations in Denmark are concerned. The month started with a renewal of its online gambling licenses, only to finish with a regulatory reprimand. Danish gambling regulator Spillemyndigheden released a statement on its website revealing it…
Incidents
Denmark: LeoVegas Escapes Regulatory Probe Unscathed
Vegas Slots Online

Mr Green Fined $3.6m by Sweden’s Gambling Regulator

Spelinspektionen, the Swedish gambling regulator, has issued fines totaling SEK31.5m ($3.62m) and warnings to Mr Green Limited for responsible gambling and anti-money laundering failures. These offenses date back to the operator's actions during the early days of the Swedish regulated gambling market in 2019. Mr Green Limited is an online gambling…
Law
Mr Green Fined $3.6m by Sweden’s Gambling Regulator
Film Daily

Safety Warnings of online gambling& the gambling movies and TV indicates of all time.

Bangkok is understood for its beautiful seashores, wealthy cultural background, exceptional food, forest nightlife, and the continuation of the listing. Some tourists may not discover them appealing and consequently are seeking other varieties of amusement which includes gambling. If you are indeed the man of them, the victim of the bank casino,…
Movies
Safety Warnings of online gambling& the gambling movies and TV indicates of all time.
Gambling Insider

18 arrested in newest raid on illegal gambling operators in Thailand

Police in Thailand have raided two residential houses used for online gambling and arrested 18 people involved in the illegal activity. The services that were being offered include online gambling sites and betting on football matches. Under the Anti-Money Laundering Act, police seized 16 computers, eight luxury cars and THB11m ($337000) in cash…
Law
18 arrested in newest raid on illegal gambling operators in Thailand
Chiangrai Times

Thailand's Cyber Police Take Down Online Gambling Syndicate

Thailand's Cyber Police have arrested 18 people in a raided two houses being used as bases for an online gambling syndicate in Pathum Thani on Monday morning. A Cyber police spokesperson said investigators had learned that two houses were being used by a gambling syndicate operating a network offering online gambling sites and betting on football…
Incidents
Thailand's Cyber Police Take Down Online Gambling Syndicate
Tunf

Spillehallen and Leovegas Online Casinos Cop To The Shortcomings Of Danish AML

Spillehallen and LeoVegas, both top online casino operators have been reprimanded (albeit lightly) by the gambling regulator of Denmark for failing to observe AML (anti-money laundering) obligations. This Monday, Spillemyndigheden regulatory agency of Denmark reported that it issued a warning for non-compliance to LeoVegas for errors in its…
Law
Casino Beats

LeoVegas appeal, GambleAware, Evolution, & Flutter: the week in numbers

Each week, CasinoBeats breaks down the numbers behind some of the industry's most interesting stories. Today we take a brief look at an array of financial updates from across the industry, as well as a five-year strategy released by GambleAware, LeoVegas appeal, and the "devastating" effect of COVID-19. 4.75 Super Group unveiled its intention to…
Gambling Addiction
LeoVegas appeal, GambleAware, Evolution, & Flutter: the week in numbers
European Gaming

BOS Claims Swedish Banking Institutions Have Suspended Services Provided to Licensed Gambling Operators

Gustaf Hoffstedt, secretary-general of the Swedish trade association Branscheforenigen för Onlinespel (BOS), has claimed that all of the country's major banking institutions have suspended services they provide to licensed gambling operators. BOS said that "all major Nordic banks" - including SEB, Swedbank, Nordea, Handelsbanken, DNB Nor and Danske…
Law
BOS Claims Swedish Banking Institutions Have Suspended Services Provided to Licensed Gambling Operators
Manila Bulletin

BSP cautions banks against illegal online gambling

The Bangko Sentral ng Pilipinas (BSP) has issued an advisory warning banks and non-banks to be alert and detect clients or customers that are engaged in illegal online gambling and to report these activities to the proper government agencies including the central bank. BSP memo (Circular Letter No. CL-2021-012) reminded all BSP-supervised financial…
Law
BSP cautions banks against illegal online gambling