Regulatory Alerts2022-12-14
Added · Updated
Good Practice Betaalinstellingen Gambling & Gaming
De Nederlandsche Bank N.V. provides non-binding recommendations for payment institutions serving merchants in the gambling and gaming sector on applying the Financial Supervision Act and the Anti-Money Laundering and Anti-Terrorist Financing Act. The guidance outlines expectations for risk management, including sound operational management, customer due diligence, transaction monitoring, and reporting unusual transactions. Institutions are advised to implement controls such as blocking transactions in jurisdictions where gambling services are prohibited or unlicensed, while retaining the responsibility to apply underlying regulations strictly according to their specific circumstances.