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Russian Banks Now Implement Payment Ban to Offshore Gambling Operators

Tags: Russia, Sberbank, Vladimir Putin.
Posted on Wednesday, November 07, 2018 by "T".

The bill signed by Vladimir Putin over a year ago is now baring its fangs, with state-owned Sberbank now coldly rejecting transactions to offshore gambling sites and ewallets.

Russia's move to make banks and payment processing companies ban online gambling payments is now in full swing as state-owned and the biggest bank in Russia Sberbank has confirmed that it will no longer allow the processing of online transactions involving blacklisted offshore gambling websites.

On October 19, Federal Law No. 244 (which concerns state regulation in the field of gambling) amendments are now rolling in action, with Sberbank stepping in and becoming the first central bank to block all payments made by plastic cards to offshore gambling operators.

According to Russian media news outlet Rambler, Sberbank issued a statement confirming its decision to restrict payment processing to unlicensed foreign gambling sites. It states, "According to Federal Law No. 244, payments by cards in favor of foreign institutions involved in the organization and conduct of gambling are prohibited. Sberbank always complies with the laws of the Russian Federation and the regulations of the regulatory authorities. At the same time, Sberbank does not limit payments using bank cards to gambling establishments in Russia."

Other banks noted to also limit such payments are VTB and Tinkoff Bank. A spokesperson for VTB said that the bank will implement all the necessary technical measures to identify whether the money transfer will go to online casinos and therefore prevent it from happening.

How does the bank investigate? To see if the foreign entity is indeed a gambling company, the bank checks the payee code assigned by the payment system. Furthermore, there will be a list made consisting of persons associated with illegal (based on Russian laws) gambling businesses. The special black list is provided by the Federal Tax Service. Although, the updated list hasn't been compiled as of yet.

Some experts say that even if the updated list is produced and the number of banks blocking transfers increase, gamblers will find other ways to bet/pay gambling sites abroad, for instance, by using cryptocurrencies or intermediaries.



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20 comments for "Russian Banks Now Implement Payment Ban to Offshore Gambling Operators"

 Mober11/7/2018 1:11:09 PM GMT
For some reason, this is not news. Just another country marching in, with new laws that take
effect, trying to ban online gambling.
It is like a deja vu with what has happened here.
After everything is done, with the new law, you will see changes in the gambling world
inside the country, with local casino businesses expanding new establishments, etc, etc....
 shokaku11/7/2018 1:44:55 PM GMT
The usual thing. The state wants to tax the gambling activities, but can only do it inside its borders. So every option to play or bet outside the country (and its tax regime) is targeted. Next will be the e wallets. Maybe we see increased use of cryptos in Russia over the next month
 pajalnick11/8/2018 4:33:20 AM GMT
but for me this is far from news to me .... I have known about this for a long time ... because it directly concerns me ... Yes, it is very sad that now you cannot make a deposit directly from a bank card and get money back ... you have to use Qiwi wallet is still in WebMoney as a backup option ... The sad thing is ... it makes life difficult for people
 doubletop77711/8/2018 9:17:39 AM GMT
I really do not understand why they would want to try and ban online gambling. If you are of legal age, you should be able to gamble freely. I really hope that they can come to some sort of resolution that suits everybody
 shokaku11/8/2018 10:07:55 AM GMT
They do not want to ban it outright, they just want to tax it. You know, the "fair share" of the state. And as any country, they can only enforce taxation in their own jurisdiction. So they try to shut down any competition from outside. so one can expect the e wallets to be the next target
 CALICUL11/8/2018 1:10:58 PM GMT
I agree with the legality of gambling, but i do not agree with the Russians who will try other illegal methods to making deposits. As long as a poker room is legal, everything is very good. The problem is in poker rooms, who do not want to pay licenses, but they want money. You do not pay the license, you do not earn money and Russia has a large market for players. If they do not pay, they will lose.
 Gerimantas11/8/2018 1:40:10 PM GMT
Yes not very good situation to people who play in poker rooms or casino or sports vetting that is outside of russia and now have no way to transfer money of make withdraw. But i too think people find some way to play and move money
 Mober11/8/2018 2:00:53 PM GMT
That is exactly the situation. They do not care to ban the game, they do care to tax
the whole thing.
And how they can do that, by banning the sites, selling licenses and asking the operators
to get a local tax number, in order to hit them on the head.
Plus the agenda they are having for the local market.
It is either one of them, or both of them. I would go for both of them, comparing it, to what
has happened here...
 dule-vu11/8/2018 2:18:20 PM GMT
how everything change is few years and now another country who will not allow to players to play online games from other countries!I understand that they want that players only play companies from russia and who pay taxes in their coutry,but still this isnt great move for all players!
 bowie198411/8/2018 5:49:18 PM GMT
Good luck to them, they just pushed the whole side of this kind of microeconomy into buying crypto to do transaction with offshore sites from now on. Damn these people are stupid isn't it? No more tax references, no more transparency.
 pajalnick11/9/2018 4:40:44 AM GMT
Posted by dule-vu:
how everything change is few years and now another country who will not allow to players to play online games from other countries!I understand that they want that players only play companies from russia and who pay taxes in their coutry,but still this isnt great move for all players!

If it were so ... but in our country gambling is prohibited everywhere .... there are only a few zones in the whole country ... where you can play gambling ... but in order to play you have to go quite far .. Of course I won't do it ..... it's easier to play online .... instead of taking taxes from the winnings, they decided to just ban everything ... idiots .... well, what else is a loophole in the form of a QIWI wallet and Webmoney Worship
 CALICUL11/9/2018 1:12:11 PM GMT
They do not care of course, but for the all redoubtable poker rooms counts too much. Russian players are the most in the world who are currently playing at pokerstars, 888 poker or party poker. If these rooms lose these russian players, the flood will come for them, if americans do not return to the tables after their period of restriction that still exists. Without russians or americans online poker is dead 80% i think. The prizes will be low and many players will abandon this game.
 Mober11/10/2018 11:02:47 AM GMT
pajalnick, it was like this here also. You could only gamble in a casino.
But after all the changes and the law they passed with banning many sites, since they
didnt get the license, one morning.... the amendment came, permitting in all of them that had betting
shops, to put slots in, and not only, since you can open a shop with only slots in and nothing else.

In other words, the fact that is prohibited now, doesnt mean it will be in the future also.
I believe we are talking about politics and politicians here, so ... Smile
 dule-vu11/10/2018 12:18:00 PM GMT
pajalnick this make you lot of problems with this and would be good that they dont ban online betting,gaming and everything else!who know what next decision from them will be,maybe they will restrict also this on some way!so many restrictions in todays world!
 CALICUL11/11/2018 1:34:44 PM GMT
It is clear that this thing, is only about politicians and their wars.
They do not respect the populations of countries and they make decisions that affect many citizens.
I am sure the restrictions imposed on Russia have broken many stable connections.
Probably these things will adjust in the future. Blink
 Mober11/12/2018 12:34:39 PM GMT
We are about to see more changes in the future and that is for sure.
More countries will follow with such measures, making it even more difficult for the
With this new law the amount of russian players will decrease significantly probably,
in all the sites.
Lets see now who will be the next nation everyone will whine about Smile
 CALICUL11/12/2018 1:35:09 PM GMT
If the Russian players are restricted and automatically will not play, many games and many freerolls will disappear and the online poker will be dead guaranteed.
Players will no longer make deposits for some unattractive prizes and it will be very bad.
I hope this thing does not happen.
 dule-vu11/13/2018 2:21:19 PM GMT
in my country you have lot of online casino sites,which also have betting shops in whole country,so you can take money online or in shop!and there are no tax on casino games as they have on betting,so this very good!but still I can play on lot of famous online sites and they have better slots then local sites!
 Mober11/13/2018 2:32:27 PM GMT
They will find alternate methods of payment though.
From what we read it is only the bank transactions that they have blocked,
which translates they are still free to play in the sites, since there is no banning from the ISP's
for the gambling sites, internet addresses.
Maybe that is going to be another step, later on...
 shokaku11/13/2018 4:52:06 PM GMT
Yep. As long as only the transactions are banned the samrt players will find a way to continue playing at the sites they want to play at. Just look at the situation in the US of A where the legal issues are similar, and there are still sites open to players from there.

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