Norway’s gambling regulator wants to know the answer to this question. As a result the Lotteritilsynet announced a survey of 170 banks to assess their practices in stopping cash premiums and deposits from illegal foreign gaming companies.

The agency’s senior adviser, Silje Sægrov Amble, reveals an interest in impeding monetary transfers to and from international operators. Why? They compete with the state’s Norsk Tipping and Norsk Rikstoto monopolies.

The regulator also seeks to uncover the bank’s approach to gambling excess. It is part of a ban on certain gambling payments that took effect at the beginning of the year. The survey should yield ample data.

Then the Lotteritilsynet can employ the garnered information to limit illegal gambling. They intend to implement measures to reduce gambling harm. According to Amble, the survey results are anonymous and are not for the purpose of retaliating against the erring financial institutions.

There has also been a study conducted by University of Bergen. It showed an increase in problem gambling in Norway. Industry groups like the Norsk Bransjeforening for Onlinespill and the European Gaming & Betting Association are now urging the government to revamp its online monopoly model, which seems to impede proper monitoring of online gambling behavior.

Spillavhengighet Norge is the local problem gambling association. It is currently conducting a study on how to protect problem gamblers and prevent recurrence.

Until the results are revealed, discussions about the state monopoly are underway in government chambers.

In fact, legislators have granted the Medietilsynet media watchdog greater authority to impose financial penalties on those internet service providers and broadcasters who fail to prohibit marketing by the offending international sites.

Source: https://calvinayre.com/2020/06/17/business/norway-banks-online-gambling-payment-blocking/

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