Lottstift, the Norwegian Gambling Authority, revealed that financial institutions such as banks can play a pivotal role in preventing gambling debt.
Eight Out of Ten Banks Notify Customers If They Use Unlicensed Gambling Operators
The Authority uncovered the results of a new study, which showed that the financial institutions are being proactive and have joined the fight against illegal gambling. The new white paper uncovered a probe by Sentio which found out that 8 out of 10 banks currently have routine procedures to contact their customers whenever a transaction with an illegal gambling operator is flagged. This result marked an improvement, considering that in 2020, only 6 out of 10 banks had such procedures in place.
Additionally, t…
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