Key Takeaways
- The German state of Lower Saxony is spearheading attempts to get banks to stop processing financial transactions for unlicensed online gambling.
- It has sent cease and desist letters to a number of operators which it and other states have blacklisted, and is in talks with German banks to discuss how transactions to the listed sites can be blocked.
- Regardless of future court rulings, the German banking system must operate under the national and state laws as they are, in which case they are likely to look favorably upon requests to block transactions to blacklisted sites.
The German state of Lower Saxony is spearheading attempts to get banks to stop processing financial transactions for unlicensed online gambling.
It has sent cease and desist letters to a number of operators which it and other states have blacklisted, and is in talks with German banks to discuss how transactions to the listed sites can be blocked.
“German banking supervisory regulations foresee certain obligations of banks to support state control of gambling activities,” a spokeswoman for the Association of German Banks told GamblingCompliance.
