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The sanctions committee of French regulator l’Autorité Nationale des Jeux (ANJ) has issued seven warnings and a financial penalty towards operators that had been accused of exceeding the 85% return player rate cap.
The cases were first opened before the sanctions committee on 22 September 2022.
ANJ stated that, in 2021, seven operators had breached rules prohibiting sports betting operators from redistributing over 85% of stakes back to players.
Violation of this would infringe upon article 13-II of an amended law from 12 May 2010, and article 27 of a decree made on 4 November 2020. The prohibition is meant to prevent excessive gambling, money laundering and terrorist financing.
The sanctions committee decided to bring forward the consequences after evidence was presented that the operators had violated the return player rate cap.
The operators have the option to appeal this decision within two months.
Earlier this month, ANJ noted “significant progress” in anti-money laundering action plans it reviewed. Under French law, all licensed operators in France must provide action plans detailing action against fraud, money laundering and terrorist financing.
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