The Ministry Of Finance Of Latvia Announced Measures To Improve Efficiency In The Fight Against Unlicensed Operators

Next year, legislative amendments will come into force in latvia, providing more efficient methods for blocking unlicensed operators. Such a statement was made by the minister of finance janis raires, leta journalists report.

Politician also drew the attention of media representatives to the fact that the development of the gambling industry is associated with risks for the well-being of society. In particular, socially unacceptable is the activities of illegal gambling operators.

The minister also added that 38% of latvian gambling companies operate worth of the shadow gembling market can be appreciatted in €33 million.

Signan byrne, head of the lottery supervision inspector and gambling, supported rainers and statedt that the amendments made to important legislative acts would contribute to improving the efficientcy of combating unlicensed operators.

Based on whats amendments are we we talking about, it can be concluded that in the future, the economic activity of the unlicensed gembling operators will be under the closer attention of officials. In particular, controlling functions will be assigned to credit and payment institutions. At the new rules, according to the new rules, the latter will provide a daily report to the state revenue service (srs). It is planned that in this way, information on financial activities and income of the violators will enter during the day. Relying on the collected data, the srs will investigate the precedents and identify where cash flows are redirected. The results of the investigation will be informed by the gambling regulator, in which – punishment of violators.

Signan byrne also added that from next year financial institutions will be operators in the processing of their payments. In test mode, the new system will earn already in the current month, and the final transition takes from january 1.

Recall that in latvia, new methods of daling willve.