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Norway proposes AML exemption for association bingo and certain lotteries

Regulation

Source: Lotteritilsynet (Norway)

Norway's Ministry of Finance has proposed exempting association bingo and certain lotteries from the Money Laundering Act, according to the Lotteritilsynet. The regulator said it considered the products' money-laundering and terrorist-financing risks sufficiently low; the consultation deadline is 1 October 2019.

Organisations offering qualifying bingo or lotteries could face fewer AML obligations if Norway adopts the proposed exemption.

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