Game by New Rules. Ministry of Taxation Comments on Decree on Gambling Business

By the end of the year, the regulator will work out a technical solution for banks and financial organizations that enables to ban clients' money transfers to foreign gambling organizers. The Deputy Minister for Taxes and Levies told in an exclusive interview on the First Informational Channel.

Last week the President signed a decree "On activities in the gambling business". The document is primarily aimed at transparency of gambling sites and establishments. Other innovations include a ban for banks and financial organizations to transfer clients' money to foreign gambling organizers.

Vladimir Mukvich, Deputy Taxes and Levies of Belarus:

"Certainly, we were more aimed at ensuring protection of national interests, so such a norm was adopted, and, accordingly, banks will block such payments when making payments by individuals to the gambling games organizers in foreign countries. The whole range of services in gambling sphere that is available in the world practice has been implemented within the territory of the Republic of Belarus, so people may use the national services."

The document also defines a mechanism to identify the ownership of casino visitors' money for their admission to participate in gambling and extends the storage period for CCTV recordings in gambling establishments from 30 to 60 days from the date of their recording. Also, the decree establishes a ban for players to have more than one gambling account, as well as to take part in gambling under the third parties' instructions.