The Netherlands’ gambling regulator Kansspelautoriteit (KSA) has signed Letter of Intent with the Alderney Gambling Control Commission (AGCC) for closer co-operation between the two regulatory bodies.
The Letter of Intent is the prelude to a Memorandum of Understanding, which focuses predominantly on ensuring a uniform and high standard of consumer protection in each jurisdiction. It also maintains controls to prevent fraud, money laundering, and match-fixing, as well as ensuring the industry is free from the influence of crime.
The KSA and AGCC will also work together to achieve a common understanding of each others’ laws, regulations and requirements for the online gaming industry.
“The signatories recognise that gambling is an international industry," said the two regulators in a statement. "Therefore [they] underline the importance of regulator-to-regulator cooperation, especially with regard to online gambling that inherently crosses state borders.”
In order to maintain high levels of consumer protection, the KSA and AGCC will look to develop protocols to allow for cross-checks and the regular exchange of information and data concerning licensees’ illegal activities, self-exclusion registers, and responsible gambling protocols ad programmes.
Each regulator will also share relevant information collected through regular reports and inspections of licensees certified in both jurisdictions, as well as all details of investigations, disciplinary sanctions and legal action taken against these companies.
This will be supported by the authorities cooperating to establish a common understanding of the regulatory regimes enforced in each territory in order to better tackle criminal activity.
The agreement has been signed by AGCC executive director André Wilsenach and KSA chief executive Marja Appelmann. It will be placed under review, with a view to extending the MoU, 18 months before it is due to expire.
The MoU is the latest to be signed by the KSA, after it agreed a similar partnership with the Maltese Gaming Authority in November last year.