Lotteritilsynet urges banks to halt illegal gambling payments within one working day
Source: Lotteritilsynet (Norway)
Norway's Lotteritilsynet said banks should stop transactions to and from illegal gambling companies within one working day after the authority issues a payment-processing decision. Its review of 37 banks found that banks were not acting quickly enough, and the authority said it would increase supervision and respond faster to breaches.
Banks face a stated one-working-day expectation for blocking transactions after a Lotteritilsynet decision.