Tag Archives: EC

Malta opinion sees Italy delay yet guarantee regime change for online gambling

SBC News Malta opinion sees Italy delay yet guarantee regime change for online gambling

The European Commission (EC) has extended the ‘standstill period’ for Italy’s new tender for online gambling concessions until 18 November. The decision follows a ‘detailed opinion’ submitted by the government of Malta, raising concerns over the technical and compliance requirements for B2B businesses in Italy’s new licensing framework for online gambling. The Malta Gaming Authority (MGA) argues that Italy will …

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Italy to launch new licensing regime upon completing EC inspection

SBC News Italy to launch new licensing regime upon completing EC inspection

The launch of Italy’s new framework for online gambling concessions has entered its final legislative procedure under the supervision of the European Commission (EC). Recent proceedings saw the EC launch an open consultation on the technical rules of Italy’s new gambling licensing regime. As a member of the European Union (EU), Italy must notify the EC of any legislative projects …

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Italy: ADM submits new gambling concessions framework for final review

SBC News Italy: ADM submits new gambling concessions framework for final review

Italy sees progress on the ‘reorganisation of gambling’, as ADM, the Customs and Monopolies Agency, enters the final legislative procedures to launch a new framework for online gambling concessions. On Friday, ADM filed the documentation of its new framework for online gambling concessions with the Treasury, which, alongside the Council of State, will provide a ‘binding opinion’ on ADM’s proposals. …

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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

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

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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