The Gaming Supervisory and Control Committee has issued a Press Release announcing the adoption of a regulation on combating money laundering and terrorist financing in the gambling market.
According to this regulation, no certificate of profit can be granted for agency games except when the player is nominated and paid by bank and for amounts below EUR 200 no profit statement is issued.
It is noted that the overwhelming majority of agency earnings (over 90%) belongs to the last category. Thus, it is no longer possible to use winning vouchers from third parties who used them to obtain profit statements to legalize black money.
The Regulation applies to all providers of gambling services other than casinos for which a separate decision will be taken.
In particular, under this Regulation, gambling service providers must:
1) To designate a compliance officer who will be responsible for complying with the obligations to enforce the provisions of the law and the Regulation and will refer to the EERP and the Anti-Money Laundering Authority.
2) Identify and report immediately suspicious or abnormal transactions, that is, players' transactions that may conceal an offense or attempt to commit offenses as provided by law in relation to money laundering.
3) To certify and verify the player's identity for gambling played with a player's individual card or via an electronic account.
4) Pay the players who play at the agencies as follows:
4.1) For gross winnings over 800 Euro per ticket, obligatorily via bank, after the Player's Certification.
4.2) For winnings from 200 to 800 Euro per card, via bank and after player identification, if he so requests upon request.
4.3) For earnings below 200 Euro, per card, through agencies.
5) Provide profit statements only in the first quarter of the year and only if the player has been branded by bank. For gross profits below 200 Euro per coupon, no profit statement is issued.
6) To check the criminal status of their staff in respect of certain offenses described by the law.
For any violation of law and regulation, the SCBS requires:
1) Fine to the detriment of the legal person from 10.000 to 1.000.000 euro and in case of recurrence 50.000 to 2.000.000 euro.
2) Fine to the members of the board of directors, the chief executive officer or other employees of the legal person who are responsible for committing the offenses or who have inadequately controlled or supervised the correct application of the provisions of the law and the Regulation by 5.000 up to 50.000 euro and in case of recurrence from 10.000 to one hundred thousand 100.000 euro.
3) Removal of the above persons from their place, for a certain time or indefinite time, and prohibition of taking up another corresponding position.
4) Prohibition of certain activities of the legal person.
5) In case of serious or repeated violations, either permanent or temporary revocation or suspension for a specific period of the legal person's license.
The Regulation was drafted on the basis of the provisions in force, the content of the EU Directives. and European and international experience in the fight against money laundering. From the comparative research that has taken place, it has emerged as one of the strictest regulations among the member states of the EU.
The Regulation enters into force at 1 / 1 / 2015.
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