Offshore Online Gambling Operators Not Welcome in Russia

Published Monday, February 13, 2017 - Online-Casinos.com
Offshore Online Gambling Operators Not Welcome in Russia

All over the planet governments are attempting to keep the international online gambling operators from accessing their jurisdictions. In the Philippines there is the threat of jail and serious fines for unlicensed gambling services providers and now in Russia the Ministry of Finance has created a new bill that focuses on halting the flow of funds between Russian gamblers and international online gambling enterprises. The introduction of the legislation intends to make banks and payment processors block online betting transactions.

Originally the proposal was made by the Ministry of Finance in 2015. Major Russian banks and other government run organizations expressed concerns at the time about the cost of monitoring and enforcing the new regulations. The new proposal will ask the Federal Task Service to list the firms and individuals that are violating laws requiring licenses for online gambling activities and distribute the black list to Russian financial service providers which will then become responsible for the blocking of transactions related to internet wagering.

It has been suggested that the organizations involved with blocking efforts are all on the same page with the new proposed legislation. There are a limited number of gambling sites licensed by Russian authorities which must process payments through centralized hubs known as TSUPIS in order for the government to be able to monitor online betting activities.

Also on the agenda in Russia’s parliament is new legislation aimed at tackling online gambling ‘mirror’ sites. The Roskomnadzor, Russia’s internet watchdog may be granted more power aimed at websites offering downloads of copyrighted material and gambling domains. Roskomnadzor blocked 12,561 gambling domains in 2016. The regulator has blocked a further 2,810 gambling domains in January, and 646 more in the first week of February 2017.

It is understandable that governments want to keep their jurisdictions safe from money laundering and illegal gambling activities and it appears that Russia is no different from other places where people like to use the internet to gamble.

 

 

 

 

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