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Ukraine Moves to Bar Self-Excluded Gamblers from Credit Access

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The government of Ukraine is set to introduce a new set of rules that would prohibit loans for people who self-exclude from gambling.

Proposed by the Verkhovna Rada Committee on Finance, Tax and Customs Policy, the new responsible gaming rules would ban banks from extending credit to individuals who have self-excluded from gambling. Banks or lenders would also need to check the country’s gambling self-exclusion register before lending money.

The discussed new gambling regulation would cover self-exclusion from both traditional and online gaming, barring registered individuals from entering credit agreements.

Surge in Gambling Self-Exclusions

Ever since Ukraine launched new responsible gambling rules in 2021, the upkeep of the self-exclusion list has been seen as a top priority in the jurisdiction. As of April 2023, over 687 individuals have registered on the list.

In the same month, the Ukrainian Commission for the Regulation of Gambling and Lotteries (KRAIL) reported a significant increase in the number of individuals joining the list. The regulator highlighted that 245 people registered in the first four months of the year, compared to 195 sign-ups in 2021 and 315 in 2022.

New Anti-Money Laundering Rules

Last month, Ukraine implemented a new anti-money laundering and counter-terrorist financing (AML/CTF) legislation that covers new rules for inspections of gambling operators. The measures give the national gambling regulator, KRAIL the authority to conduct both scheduled and unscheduled inspections on operators.

KRAIL will also be able to conduct planned or unplanned inspections into a gambling operator's premises to clarify their operational nature, recognize financial vulnerabilities, evaluate their risk management system, or verify their adherence to the law.

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