India: Money-laundering laws to cover casinos and credit cards
A bill to amend the Prevention of Money Laundering Act was introduced in the Rajya Sabha by Minister of State for Finance Pawan Kumar Bansal.
After the Amendment Bill is passed by Parliament and comes into effect, businesses like casinos would also come under legal obligation to report their activities in the country. For fighting the menace of terrorism, the bill introduces new category of offences which have cross-border implications.
The draft legislation also empowers the Enforcement Directorate "to search premises immediately after the offence is committed". The investigating agency can attach any property and search a person after completing the probe. It can enhance the period of provisional attachment of property from 90 days to 150 days.
Under the provision of the bill, the retirement age of the chairman and members of the adjucating authority would be raised from 62 years to 65 years.
Louisiana lawmakers move forward with illegal gambling penalties and sweepstakes restrictions
PrizePicks expands motorsports presence through Arrow McLaren IndyCar agreement
Zitro Digital appoints Thiago Valadão as Commercial Director for Brazil
HIPTHER appoints Elena Stepanyatova to lead event content and production across conference portfolio
Red Rock Resorts posts record quarterly revenue, flags construction impact
Riddec Games enters Nirmata Play distribution network through Stargate partnership
Sportsbook integration: Deploying betting widgets at scale
Flows secures Pennsylvania Gaming Control Board authorisation
IDX selected to power 250 gaming tables with X-Trend system at the Westside Resort
PokerStars adds Prague and Aix-en-Provence, France to 2026 live schedule
