The Dutch gambling regulator, Kansspelautoriteit (KSA), has introduced a new fine system to promote increased compliance with regulations.
Five categories of fines range from €500 in Category 1 up to a minimum of €2m in Category 5.
Category 5 fines will be exclusively for violations of the Netherlands Money Laundering and Terrorist Financing (Prevention) Act (WWFT).
While the minimum fine here is €2m, companies could face fines of up to €4m for a Category 5 violation.
The KSA says that it will also consider a turnover-related fine of three per cent of gross turnover for non-WWFT violations in Category 4.
The regulator said taking turnover into account when considering Category 4 fines will “increase the effectiveness of the fine.”
Michel Groothuizen, chairman of the board at the KSA, said: “The KSA is becoming increasingly professional as an organisation. After the opening of the online market in 2021, we were given a new category of licence holders.
“In 2022, we imposed a first fine on a licence holder. We have now gained enough experience to arrive at a well-considered fine policy for both licence holders and other parties.
“This creates clarity for the parties under our supervision and hopefully motivates them even more to avoid fines.”
The new fine system applies to all violations the KSA supervises, it said.
But it added that fine policies for illegal online supply, illegal exploitation of gaming machines and for gambling terminals will remain under separate policy rules, with a different fine system used for these cases.
