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Canadian Authorities To Deliver A Blow To Gambling Industry?

The Canadian government is highly likely to take drastic measures aimed at limiting the activity of online gambling sphere in 2014. According to Jim Flaherty, the finance minister of Canada, the government is planning to put extra effort in eradicating the money laundering and terrorism financing channels, meaning that a series of legislation amendments are about to be scheduled. In the report on the national budget for the current year, Flaherty also admits that it is proposed to include online gambling enterprises in the list of the organisations supervised by anti-terror financing service.

Despite the fact that the senior official didn’t mention any details on the actions planned to be called into existence, it seems that the country’s conservative party is determined to resort to severe measures for the sake of subjecting online gambling businesses to the tough legislation. Therefore, the authorities looking to force the businesses to notify the supervising agency of any suspicious transactions, stick to the same accounting legislation applied to a majority of brick and mortar businesses and claim for account verification for online gamblers.

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