Armenia adopts payment lock to protect new gambling framework  

by A.J. Koehn
3 minutes read
he Republic of Armenia is moving ahead with tightening controls on digital betting, payments and advertising as Prime Minister Nikol Pashinyan’s government confirmed that he will apply a new compliance framework for gambling licensees.

Applied from 1 May onwards, the technical commands will be overseen by Finance Minister Vahe Hovhannisyan and State Revenue Committee chief Rustam Badasyan, who seek to tighten financial supervision, reinforce legal gambling channels and squeeze offshore operators out of Armenia’s market.

Driving the political agenda is Civil Contract MP Hayk Sargsyan, who has become the leading parliamentary voice behind the overhaul.

At the centre of the strategy sits payments enforcement. Armenian authorities are looking to block financial transfers to unlicensed operators while tightening anti-money laundering and know-your-customer obligations across licensed gambling businesses.

The government will simultaneously advance the roll-out of a centralised monitor..

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