British and Dutch Gambling Regulators Formalise Closer Cooperation
The UK Gambling Commission and the Dutch Kansspelautoriteit (KSA) have strengthened their relationship by signing a memorandum of understanding (MoU).
The MoU is a pledge for the two gambling regulators to share information and work more closely together, particularly in terms of managing challenges around online gambling.
The agreement comes as the Netherlands prepares to launch a legalised online gambling market in October.
The aim is for the regulators to work more closely together to protect players from gambling-related harm and to prevent financial crimes associated with gambling, such as money laundering and terrorist financing.
KSA chairman René Jansen said: “The MoU forms a good basis for sharing knowledge, cooperation and a smooth exchange of information. “A clear signal is also given to providers of games of chance that cooperation is taking place at an international level. Online games of chance move across borders. That is why it is important that regulators work together.”
The KSA is understood to have approached a number of gambling regulators in order to establish an effective regulatory regime before the market launches.
Those that it has worked with in the past include the Malta Gaming Authority, the French gaming regulator Autorité Nationale des Jeux, Sweden’s Gambling Inspectorate Spelinspektionen and the Belgium Gambling Commission.