License conditions in the field of gambling have been adjusted
The Government has amended the Licensing Conditions for the Provision of Services in the Field of Organization and Conduct of Gambling in order to bring them in line with the Law of Ukraine "On Administrative Procedure", as well as other legislative and by-laws.
The terminology of the License Terms was brought in line with the Law of Ukraine "On Administrative Procedure".
The Law establishes requirements for a legal entity applicant for a license to organize and conduct gambling activities to submit to the CRGL the ownership structure that meets the requirements set forth in the Law of Ukraine "On Prevention and Counteraction to Legalization (Laundering) of Proceeds of Crime, Terrorist Financing and Financing of the Proliferation of Weapons of Mass Destruction".
It is envisaged that a legal entity that is a licensee in the field of organizing and conducting gambling will submit to the CRAIL information about the ultimate beneficial owner, including information about the nature and extent (level, degree, share) of beneficial ownership (benefit, interest, influence).
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