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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.8 million (.8 million (....

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Such punters will therefore purportedly be required to hand over reliable independent data or documents like public registers so as to verify the source of the funds they are using to enjoy gambling entertainment.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. All information provided by the client must be confidential and carefully protected in accordance with the law and the company’s procedures....

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