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Panama ministry regionalises fiscal lottery into four regions

Regulation

Panama’s Ministry of Economy and Finance is restructuring the Fiscal Lottery System into four regional draws, with the change due to take effect at the next scheduled draw. The ministry said the national draw will have 100 winners and total prizes of 110,000 balboas, while 15 additional entries will be selected for tax verification.

Regional draws change how lottery prizes and tax-verification checks are distributed across Panama.

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Regulation

Norway’s lottery authority requires organisations to report accounts within four months

Norwegian organisations must report lottery accounts to Lotteritilsynet within four months after a lottery ends. They must also confirm that prizes were distributed or that unclaimed prizes went to the lottery’s purpose; an assistant may report on an organisation’s behalf in some cases.

Organisations must report a lottery's accounts to Lotteritilsynet within four months of the lottery ending, the Norwegian regulator says. The accounts must be accompanied by confirmation that prizes were handed out or that unclaimed prizes went to the lottery's purpose.

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