Tag Archives: EC

Stuart Godfree: Tech eyes on Apple facing its EC anti-trust probe on App Store rules

SBC News Stuart Godfree: Tech eyes on Apple facing its EC anti-trust probe on App Store rules

Mobile gaming expert, Stuart Godfree, Managing Director at mkodo, has opened up on new European legislation that threatens to impact Apple’s App Store, notably in relation to the publishing of real-money gaming products.  The new legislation, he said, will see the removal of restrictions on In-App Purchasing (IAP), allowing third parties to use external payment for services as well as …

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Malta NRA notes igaming AML improvements but stresses financial flow monitoring 

SBC News Malta NRA notes igaming AML improvements but stresses financial flow monitoring 

The government of Malta has detailed that it has strengthened policy and compliance in the gambling sector to minimize exposure to threats and vulnerabilities stemming from money laundering (ML) and terrorist financing (TF). Measures were outlined by the ‘National Risk Assessment (NRA) on Money Laundering (ML) and Funding for Terrorism (TF)‘, a review of financial risks across Malta’s business sectors. …

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Spelinspektionen submits 2024 lottery reforms to EC 

SBC News Spelinspektionen submits 2024 lottery reforms to EC 

Spelinspektionen, Sweden’s Gambling Inspectorate, has submitted its proposed commercial and technical rule changes on state lotteries and lotteries for charitable purposes to the European Commission (EC).  The changes, filed as “The Lottery Inspectorate’s general advice on state lotteries and lotteries for charitable purposes,” will necessitate updates to Sweden’s Gambling Act and a subsequent review by the EC’s Chamber of Commerce.  …

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EU demands enhanced due diligence on transactions with high-risk nations

EGBA 'confident of thorough investigation’ into legacy Dutch lottery licences

The European Union (EU) has warned regulators and trade bodies that businesses and individuals are required to carry out ‘enhanced due diligence measures’ when conducting financial transactions with “high-risk nations”.  The warning follows the European Commission (EC) updating protocols of the “Regulation on High-risk Third Countries” in December 2022. The mandate identifies high-risk third countries which are deemed to have …

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EC to review Swedish inspectorate’s new payment controls

SBC News EC to review Swedish inspectorate's new payment controls

The European Commission (EC) has been notified of ‘Gambling Ordinance’ reforms submitted to safeguard Sweden’s online gambling marketplace further. The reforms are carried by Finansdepartementet, Sweden’s Ministry of Finance, with a desire to ‘minimise unlicensed gambling’, ‘counter match-fixing’ and provide “greater regulatory controls against black market threats”. The amendments are principally focused on strengthening the authority and direct controls of …

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EU AML risk report highlights glaring gambling weak spots

SBC News EU AML risk report highlights glaring gambling weak spots

The Financial Action Task Force (FATF) has updated its recommendations on how EU member states should conduct risk assessments against anti-money laundering (AML) and countering financing of terrorism (CFT) threats.  New industry-specific recommendations have been provided via the European Commission’s (EC) ‘Supranational Risk Assessment (SNRA) Report’, which was last updated in 2019. Under the EU ‘Anti-money Laundering Directive’ (AMLD) the …

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Payment Expert: PSD2 merger sees EC simplify e-payment rules.

SBC News Payment Expert: PSD2 merger sees EC simplify e-payment rules.

European-licensed online gambling businesses have been alerted that the European Banking Authority (EBA) has called for its PSD2 supervision framework to be merged with the EU’s Electronic Money Directive.  The EBA, which serves as the regulatory agency for financial services of the EU, has recommended the merger of its e-payment supervisory schemes,  in response to stakeholder feedback and the ‘increasing …

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EC probes FDJ’s €380m French national lottery contract

SBC News EC probes FDJ's €380m French national lottery contract

The European Commission (EC) has launched an ‘in-depth investigation’ examining how Groupe FDJ secured its 25-year exclusive concession to operate France’s national lottery. The Commission has launched its investigation following two separate complaints that highlighted Francaise des Jeux (FDJ) paying the French government a fee of €380 million to operate France’s national lottery games and retail distribution network. FDJ’s exclusive …

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DSWV: Federal tax approval sees GlüNeuRStv become dead on arrival

SBC News DSWV: Federal tax approval sees GlüNeuRStv become dead on arrival

Germany’s Sports Betting Association, DSWV, has lambasted the Bundesrat and Bundestag’s decision to uphold the Fourth State Treaty on Gambling’s (GlüNeuRStv) controversial tax regime. Securing its federal approval this week, Germany’s legislature ratified for GlüNeuRStv to maintain its much-disputed 5.3% wagering tax on online casino and poker verticals. Prior to the Bundesrat vote, the DSWV had called for the tax …

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EGBA warns operators of advertising duties during Euro 2020

Maarten Haijer, Secretary General of EGBA

The European Gaming and Betting Association (EGBA) has reaffirmed that its members will observe its Code-of-Conduct on responsible advertising throughout the course of a rescheduled UEFA Euro 2020 Championships  (11 June to 11 July). The Brussels based trade body launched its code-of-conduct on responsible advertising last April, to ease regulatory concerns on gambling advertising during the height of Europe’s COVID-19 …

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