The Netherlands Gaming Authority (KSA) has revised its responsible gaming policy rules after meeting with online providers.
The new policy will be fully effective from October 1, 2024, hence the regulatory body held meetings with several online providers to discuss the operation of these rules in practice.
The Kingdom of Saudi Arabia stated: "From the reactions of those present, it was quickly realized that this was necessary."
Providers submitted a list of questions to the KSA in advance, and more questions were raised during the discussion.
During this period, the KSA reiterated the importance of providers acting in an "honest, professional, and expert" manner.
Following the meeting, the Saudi Arabian National Bank amended advertising rules and financial deposit limits, and clarified "real-time monitoring."
Earlier this week, the Saudi Arabian Sports Association had to intervene in several cases of sponsorship misconduct that did not meet the new industry standards.
As for the Danish Gambling Authority (Spillemyndigheden), the regulatory body issued a reminder to operators that they must comply with EU sanctions regarding asset freezing.
If individuals, businesses, or organizations are listed on the EU's published sanctions list, their related assets must be immediately frozen.
As part of this, the EU has established a database containing all current anti-money laundering sanctions lists, which can be used to search for individuals, businesses, or organizations—if assets need to be frozen, their names will appear with a frost symbol.
This list will be regularly updated as new information emerges.
In addition to the detailed EU sanctions map above, there is also a UN asset freezing list that must be complied with.
Finally, Spillemyndigheden reminds operators that any violation of EU or UN sanctions could result in fines or imprisonment.
Recently, the Danish Gambling Authority revealed in its latest report that gambling expenditure decreased by 2.8% in September.
