Gambling Clear News
Gambling operator Top Sport has been fined €15,000 (£13,170/$13,308) by the Lithuanian Gambling Supervisory Authority for breaching regulations over remote gaming. According to the regulator, a Top Sport player using a payment card belonging to another person to deposit €14,965 into his account with the operator. Lithuanian law states that licensed operators may only accept
Online payments service provider Trustly completed the acquisition of UK-based open banking payments platform Ecospend. Financial terms of the agreement were not disclosed, but it was confirmed that the deal was able to complete following approval from the UK’s Financial Conduct Authority. Together, Trustly and Ecospend’s capabilities will include connectivity with more than 80 banks
Payment providers in Sweden must provide information about the payments they process to authorities in order to help facilitate payment blocking for unlicensed operators, according to a law introduced by the government this week. According to law, authorities may block payments to operators that are found to be targeting the Swedish market without a licence.
