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Authorities in Lithuania have reportedly published a series of new know-your-customer rules for iGaming firms following the recent emergence of allegations that the small nation’s online gaming industry may have become an easy target for money launderers. Additional factors purportedly encompass the types of services purchased and whether a client has ever presented a suspicious or fraudulent document or taken actions to avoid registering or identifying the source of their funds. The scatter can appear on the 2nd, 3rd, and 4th reels....
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All information provided by the client must be confidential and carefully protected in accordance with the law and the company’s procedures.Reportedly reads a section of Lithuania’s new know-your-customer guidelines…“The company should try to get as much information as possible from the client. The source detailed that the guidelines moreover outline what factors such sectors should be considering when assessing business relationships and monetary transactions so as to help stamp out the threats posed by money laundering....
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