Norway’s authorities strengthen measures to combat illegal bookmakers and online casinos, making changes to gambling laws. According to new laws in Norway, banks will be banned to conduct financial transactions on BC accounts that have no local licenses to work. This, with reference to the supervisory department of Norway, reports the Edition of RatingBet.Com.
As reported, the tightening of gambling legislation of Norway will help in the fight against illegal work of websites that operate in Norway without licenses. These sites enable users to play such gambling, which have a big risk for Ludoania development (gambling addiction).
According to the new law, the Norwegian Supervisory Office will be able to block bank transfer money, which are held on the accounts of illegal BC. Norwegian banks will be obliged to track all suspicious operations and report to the supervisory authority on those financial transactions that concern gambling operators who have no Norwegian license to carry out their activities.