More Talk On Internet Gambling In South Africa
MORE TALK ON INTERNET GAMBLING IN SOUTH AFRICA
05th March, 2012 at 00:35:26Source: http://www.azonlinecasinos.com
Online gambling is 'ubiquitous' and enforcing a ban is a problem, parliamentarians are told
Online gambling was the subject of further committee discussions last Friday when Parliament's trade and industry committee sat through yet another public hearing on the pros and cons of legalising and regulating the pastime.
Business Day reports that members of the committee discussed potential problem areas such as the prevention of money laundering, underage gambling and illegal gambling operators. Current legislation prohibits gambling via internet sites that offer casinos and poker, and wagering on non-South African betting sites is also not allowed.
Following the recommendations of a gambling review commission that internet gambling be regulated and taxed (see previous reports), the Department of Trade and Industry, together with the trade and industry committee, is trying to formulate legislative amendments to make this possible.
Committee chairman Joan Fubbs said online gambling could not be ignored and was ubiquitous in SA, whilst Democratic Alliance MP Geordin Hill-Lewis observed that "online gambling is a fact in SA. Prohibition is impossible and at the moment it is taking place in a completely unregulated environment and we are deriving no economic benefit from it.
Pieter Smit of the Financial Intelligence Centre briefed the committee on possible vulnerabilities arising from online gambling and urged that online betting exchanges and online poker be prohibited. If they were allowed, operators would have to be subject to the regulatory measures as required by the Financial Intelligence Centre Act, he suggested, asserting that gaming facilities could be used by online punters to transfer funds from one person or location to another, increasing the risk of money laundering.
Such transactions would be difficult to trace and as it was not a face-to-face business, new technology would be needed to identify customers, he opined. Smit also hinted at measures to identify and exclude unlicensed operators from the South African market.
National Gambling Board representatives recommended that if legalisation is approved, the number of online gambling licenses should be restricted to manageable numbers and be strictly regulated. Licenses should only be valid for eight years and measures would be needed to protect gamblers against fraudulent operators and exclude underage or problem gamblers, they emphasised.
The Board again cautioned that excluding unlicensed operators would be a difficult challenge, and indicated that blocking South African access to illegal operators was both expensive and unsustainable. Cooperation with other licensing jurisdictions would have to be obtained in the case of illegal operators based in other countries, they said.
Experts from the Banking Association of SA warned that illegal operators often used front companies to conceal their real activities, and it would be difficult for banks to identify and differentiate between legal and illegal transactions related to internet gambling.
U.S. SENATOR EQUIVOCATES ON ONLINE GAMBLING BILL
28th March, 2015 at 07:58:42
Sen. Lindsey Graham is apparently ambivalent on state lottery sales.
Full Story: U.s. Senator Equivocates On Online Gambling Bill »
NO SURPRISES AT CONGRESSIONAL HEARING ON INTERNET GAMBLING
26th March, 2015 at 10:00:49
Same old tired cliches rolled out by well-known detractors.
TIMELY BLOG COMMENTS
24th March, 2015 at 20:57:55
With the RAWA Congressional hearing due Wednesday, two expert views worth reading.
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R.A.W.A. - DON'T FIX THAT WHICH ISN'T BROKEN
19th March, 2015 at 10:05:37
PPA executive director attacks federal online gambling banning proposal.
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SOUTH AFRICAN MINISTER WARNS ON ILLEGAL ONLINE GAMBLING
17th March, 2015 at 09:54:09
Government is preparing to block financial transactions, and warns illegal operators and players.
Full Story: South African Minister Warns On Illegal Online Gambling »