In Romania, on July 21, 2019 was approved the Law no. 129/2019 for the prevention of money laundering and financing of terrorism, which transposes into national law two European directives, respectively, Directive (EU) 2015/849 regarding the prevention of use of the financial system for the purpose of money laundering or terrorist financing (“Directive 2015/849”) and Council Directive (EU) 2016 / 2.258 of 6 December 2016 … Continue
The south-east Asian nation of Cambodia has a very severe ongoing problem of illegal gambling operators flooding the market. Not being able to combat the issue, the government has announced a complete and indefinite prohibition of online gambling until better regulations are put in place. The government has come up with very proactive steps and as per the reports, issuing of new licenses to the … Continue
The bookmaker has the responsibility of awarding the prize within a maximum of three working days to the person who presented the chips, coupons, tickets or other means to prove the winnings. Art. 110 of the new Fiscal Code states that the revenue from traditional gambling, offline bets, is imposed by withholding at the source. For each winning ticket, the following tax will be paid: … Continue
Nowadays online casino is a profitable business and has won the status of the most attractive type of e-commerce throughout the world. The enterprise has turned out to be one of the leading internet businesses in the world today that offers maximum profit over a relatively short period of time. However, you can come on board into the market either as an iGaming casino operator … Continue
