Norwegian Gambling Authority investigates minor’s fund transfer to Norsk Tipping, raising concerns about legal breaches and money laundering.
Norwegian Gambling Authority investigates minor’s fund transfer to Norsk Tipping, raising concerns about legal breaches and money laundering.
In a recent development, the Norwegian Gambling Authority has launched an investigation into a potential breach involving a minor transferring funds to Norsk Tipping. The authority has given Norsk Tipping a deadline of two weeks to provide detailed information regarding the incident.
According to reports, the Norwegian Gambling Authority received a tip-off from a bank about a significant amount of money being transferred from a minor to Norsk Tipping, a violation of the legal age requirement of 18 for gambling in Norway. The authority has expressed concerns about potential breaches of the Gambling Act, regulations, and even the Money Laundering Act in this case.
Norsk Tipping has been requested to respond to eight specific questions related to the underage funds transfer, including details about the introduction of payment solutions like Vipps and Apple Pay, risk assessments associated with these systems, and compliance with relevant legislation. The company has also been asked about its handling of similar cases in the past and whether it reported them to the authority.
This is not the first time Norsk Tipping has faced regulatory scrutiny, as last year, the operator was at risk of a hefty fine for issues related to player self-exclusion. The company’s timely and thorough response to the current investigation will be crucial in determining the extent of any potential violations and the appropriate course of action by the Norwegian Gambling Authority. Stay tuned for updates as this story unfolds.