DUTCH REGULATOR STRENGTHENS MATCH-FIXING & AML RULES

The Netherlands’ gambling regulator, Kansspelautoriteit (KSA), had announced further amendments to the approved Remote Gaming Act (KOA Act). 

“Wwft guidelines” have now been added to the KOA Act, further strengthening the legislation’s remit on the prevention of money laundering and terrorist financing. The new guidelines and reporting measures will apply to all online gambling operators granted a license by the KSA. 

The KSA has said it will be updating the KOA Act terms to provide licensees with the tools and reporting functions required to comply with the new Wwft requirements. 

In a statement the KSA said:

“The amended Wwft Guideline was submitted to a number of parties for consultation at an earlier stage.

“The responses were used to clarify parts of the Wwft Guideline, including user identification and verification, crediting and debiting of gaming accounts without undue delay and at the exact moment in which a business relationship is agreed.”

Last month the KSA delayed the launch of the country’s long-awaited regulated online gambling market yet again, due to delays associated with the ongoing COVID-19 pandemic. The Dutch Remote Gambling Act is now due to become law on 1 April 2021, with an expected market launch now pushed back to 1 October 2021.

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