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The Norwegian government has introduced new measures related to payment transactions to prevent gambling operators from offering unauthorised gambling services. The new payment regulation for gambling will restrict gambling operators from evading the authorities.
The government has announced that no payments can be made to illegal gambling operators and neither can one receive any payments from an unauthorised operator. This will make it difficult for illegal operators to offer services as currently, the unlicensed operators provide gambling products and services and other companies facilitate their payment transactions.
“The purpose of the changes is to streamline an existing ban on the payment of money games without Norwegian permission. Banks have stated that they want it to be clearer what the authorities expect from their side to follow up the payment intermediation ban. We have therefore specified which specific obligations the banks have to comply with the prohibition,” Trine Skei Grande, Minister of Culture and Gender Equality said.
“The changes will help make it less attractive to play on foreign gaming sites without Norwegian permission. The unregulated players offer games with a higher risk of gambling addiction and are not subject to the same accountability measures as the gaming offer of Norsk Tipping and Norsk Rikstoto,” the minister added.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Norwegian Government Introduces Strict Payment Processing Rules
