UKGC and KSA Sign Memorandum of Understanding

Gaming regulators in the UK and the Netherlands are working together as online gaming regulation becomes a reality in Holland later this year.

The UK Gambling Commission and Kansspelautoriteit signed a Memorandum of Understanding earlier this week, which will see the two working to exchange information related to online betting. The two groups will work to fight money laundering, protecting players, preventing addiction, and working to make sure terrorist financing doesn't happen through online betting.

Speaking about the agreement KSA Chairman Rene Jansen noted: "The MoU forms a good basis for sharing knowledge, cooperation and a smooth exchange of information. A clear signal is also given to providers of games of chance that cooperation is taking place at an international level. Online games of chance move across borders. That is why it is important that regulators work together."

Online betting is slated to launch on October 1st, as the KSA began accepting gaming license applications on April 1st.