The iGaming sector is always evolving, bringing about new regulations constantly. These regulatory changes and limits significantly affect how customers, especially the high roller segment, feel and the operators’ performance in certain areas. Since playing the paradise slots available in online casinos allows players certain financial transactions that could be considered risky, if left unchecked, finding such strong limitations could also harm the casino business. Here are a few of the most recent limitations and rules that affect the international online gambling market.
Regulatory Changes and High-Risk Countries
The European Commission, which is in charge of running the European Union (EU), has updated some regulatory changes on its list of high-risk countries whose players should be checked more closely by gambling companies. According to Article 9 of Directive (EU) 2015/849, the Commission identifies any high-risk third countries with strategic flaws in their anti-money laundering system, such as croupier fraud and terrorist financing. What is a croupier, you might ask. This is a dealer in charge of the casino table games.
Due to this regulation, operators based in the EU who do business with players from these countries or offer their services to them must be more careful. The list was first made public in July 2016, and it has since been updated multiple times as the Commission identifies and warns about other nations.
An update that came out recently added Burkina Faso, the Cayman Islands, Haiti, Jordan, Mali, Morocco, Myanmar, the Philippines, Senegal, and South Sudan to this list. Afghanistan, Barbados, Cambodia, Iran, Jamaica, Myanmar, Nicaragua, Pakistan, Panama, Syria, Trinidad and Tobago, Uganda, Vanuatu, Yemen, and Zimbabwe are among the other countries on the list.