UKGC Updates AML Rules, Betsson Acquires Rhino Entertainment

The UK Gambling Commission has adjusted its anti-money laundering risk assessment for gambling software developers. Concurrently, Betsson has expanded its presence in Canada through a corporate acquisition.

The regulator raised the AML risk evaluation for software providers for the first time. This update aligns with recent player feedback regarding verification processes. Survey data shows that 76% of British players consider AML checks at legal bookmakers to be a pretext for non-payment of winnings.

International Regulatory Actions

Authorities in Bangladesh have begun issuing warnings about penalties for online gambling. The government stipulates punishments of up to two years in prison and fines of up to $810,000.

Corporate Acquisitions

Betsson has entered the Alberta market. The operator completed this expansion by purchasing Rhino Entertainment.