Regulatory Alerts2014-01-01
Seychelles Gambling Act 2014
The President and National Assembly of Seychelles issued this Act to regulate the gambling industry under the oversight of the Financial Services Authority. It requires all operators to secure specific licenses for casinos, slot machines, or interactive gambling while adhering to strict internal controls, financial reporting, and employee certification standards. The legislation repeals previous gaming statutes, empowers inspectors with broad investigative authority, and establishes significant fines and imprisonment terms for licensing breaches and cheating.
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