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Distinct divisions:Finally, it was reported that the fresh Lithuanian directives furthermore mandate that all foreign iGaming and lottery customers be categorized according to a number of criteria including the nature, size and extent of their monetary transactions. However, such information should be collected prudently and efforts should be made to verify the information provided by the client.According to a Monday report from iGamingBusiness....
The source detailed that the guidelines moreover outline what factors such sectors should be considering when assessing business relationships and monetary transactions so as to help stamp out the threats posed by money laundering.Reportedly reads a section of Lithuania’s new know-your-customer guidelines…“The company should try to get as much information as possible from the client. However, such information should be collected prudently and efforts should be made to verify the information provided by the client....
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