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8 million people, Lithuania reportedly signed a cooperation agreement earlier this year that is to see it move towards fully ratifying the European Union’s anti-match-fixing Macolin Convention.Under the terms of the ten-year partnership agreement, online sports betting and igaming will be launched alongside the Midwestern state’s first regulated online gambling operators in November 2020, barring any regulatory setbacks.Recognition requisite:In terms of particular facets of the fresh know-your-customer directives, all lottery and iGaming operators in Lithuania will now be reportedly required to identify politically vulnerable or high-risk clients playing from abroad before applying a series of enhanced identification protocols and registrations....

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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.Under the terms of the ten-year partnership agreement, online sports betting and igaming will be launched alongside the Midwestern state’s first regulated online gambling operators in November 2020, barring any regulatory setbacks. The small nation subsequently purportedly explained that its first-half aggregated gaming revenues had fallen by 15....

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