Following regulatory approval in Peru, the sector is accused of representing a high money laundering
A few days ago, the Peruvian Congress approved by a large majority the regulation of gambling and betting, presented at the beginning of the year by the Ministry of Foreign Trade and Tourism (Mincetur).
While the country moves forward to implement the new law, which has already received criticism from established operators, Peru's Financial Intelligence Unit (UIF) recalled that its 2020 study points against the sector for representing a "medium to very high risk of money laundering." Link to study materials -https://bollywodcasino.in/games/.
According to RPP, 35 percent of the country's 17 casinos and 713 slot parlors represent a "medium to very high risk of money laundering". "Twenty-seven percent, almost three out of 10 casinos, are at medium risk of money laundering, while 8 percent are at high and very high risk," details the 2020 FIU report.
It also takes aim at online gambling and sports betting, rating the risk as high at 33 percent. However, the report warns: "The level of participation of online gaming operators has meant that the information captured for the study is insufficient to obtain realistic results on the level of risk in the industry.
An improvement is expected from the regulation's entry into force, which establishes that operators must be registered in the Single Taxpayers Registry (RUC), have a legal representative in the country, and have the ".pe" web domain in their platform. In case of not complying with these requirements, companies will not be able to sign sponsorship or advertising agreements. In addition, a Selective Consumption Tax (ISC) will be included, which would add a 1 percent levy for players.