The Netherlands’ Gaming Authority has amended its AML/CFT guidelines in relation to the impending execution of the Remote Gaming Act (Koa) on April 1, 2021. The country’s AML/CFT act will now also apply to providers of online games of chance.
Currently, the AML/CFT regulations pertaining to games of chance only apply to Holland Casino, which is presently the only license holder in the Netherlands for offering casino games. However, after consultation with several stakeholders, the Netherlands’ AML/CFT law has been updated. It now takes into account the the risk of match fixing or the manipulation of sports matches.
Since the forthcoming Koa act will legalize online games of chance, the Gaming Authority has amended its existing AML/CFT guidelines. In the guidelines, the Gaming Authority specifies the obligations for the providers of games of chance. Additionally, the Authority has provided the games of chance providers the necessary tools to comply with AML/CFT obligations. The guidelines can also be used to help prepare the documents required to apply for a Koa permit.
Source: Netherlands Gaming Authority