Banks don’t want gamblers’ money

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The amendment to the Gambling Act has been signed by the President. This coincided with banks issuing warnings to their customers, advising them against transferring money to companies which organize mutual bets without a license from the Ministry of Finance.

PKO BP, for example, reminded its clients that in accordance with art. 29a, pt. 2 of the Gambling Act (specifically 471 including amendments), it is illegal to take part in games held by unlicensed entities.

‘This means that using credit cards and other forms of payment, such as transfers, may not be used in the context of the activities specified in the abovementioned law is prohibited,’ said the statement made by the bank.

Other banks followed suit by warning their customers not to transfer money to bookmakers from their accounts. This heightened activity in the finance sector is a result of the amendments signed by the President, which will come into life as soon as April 2017. Under the new law, penalties may be imposed on banks for facilitating the operations of companies which do not pay taxes in Poland (i.e. those operating without a permit).

For example, the newly added art. 89, pt. 1.5 states that anyone who provides payment services and does not comply with article 15g could face a fine of up to 250 000 PLN. This article also states that it is illegal to provide such services on registered entities’ websites. This refers to the database of internet domains with illegal gambling, which will be drawn by the Ministry of Finance.

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