Tag: Spanish gaming
New Regulation Clarifies Duties of Spanish Gaming Operators
May 13, 2014
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…