New Anti-Money Laundering rules were approved by regulators for Spanish gaming on May 5 to clarify many issues and duties of licensed Spanish gaming and lottery operators. Going forward, gaming and lottery operators will be obliged to verify the player’s identity for any prize or winnings worth €2,500 or more.

To further complicate matters, the €2,500 quota can be related to one event or also a series of connected events. At this point in time, however, the definition of how connected events are isn’t clear yet and will be treated on a case by case basis.

Spanish gaming betting products like poker, blackjack, roulette, baccarat,  lotteries and such are permitted, although subject to prior license or authorization. The framework for regulation and licensing for those products varies depending on whether they are offered remotely or at a land-based casino.

Spanish gaming is regulated on the national and sub-national level, depending on the scope of the gambling offered in a particular territory. There are 17 of these territories in Spain. Online gambling offered from offshore operators is not permitted in the country.

The regulation includes more red tape for gaming and lottery operators including developing a minimum of internal control procedures. This story on Spanish gaming regulations first appeared on the Poker News website.