Open a bank account for gambling

Open a bank account for gambling: review of procedure

The notion of "gambling" summarizes such areas as gambling, casinos, lotteries, lottos, and slot machines. Because of the ban on the development of such spheres of activity in the territory of Russia and CIS States, all famous gambling-corporations are registered in the Internet. Company Law & Trust International offers assistance in the establishment of new legal entities engaged in online games. One of the stages of founding internet business is to open a bank account for gambling.

It is necessary to register legal entity, domain and create website with gambling before carrying out transactions. Application for the establishment of corporation is served in the executive body of one of the countries where it is permitted to conduct gambling. List of jurisdictions can be viewed on our website or ask for help in the selection of the legal experts Law & Trust.

You can look through the list of jurisdictions on the website of our company or seek assistance in the selection from legal experts of Law & Trust.

Open a bank account for gambling: the requirements for applicants

Complete and accurate list of requirements is to be specified after choice of jurisdiction and particular financial institution. However, there is a number of general provisions with which legal entity must comply:

• The applicant is required to have company registered according to all rules of selected country;

• When requesting opening of account for gambling, Bank representatives can require information about server and domain that relate to your site. In this regard, it is necessary to adhere to safety rules and select only verified providers with a high level of data security;

• Legal entity is obliged to provide data on receipt of funds for opening of the company in gaming industry. Income channels will be audited, so you should report only reliable information;

• Bogus company will not obtain bank account; representatives of financial institutions may request the results of the last audit of the site. It is necessary to purchase only licensed software in order to pass successfully, as well as to issue certificates on RNG  and other automated programs in time. Our company provides registration of eCOGRA and RNG licenses.

The procedure for opening gambling bank account

• Contact Law & Trust for consultation on any matter relating to the process. It is possible to submit your application for an interview by phone, on site and through other available communication channels;

• Provide primary package of documentation. List of the necessary documents will depend on the selected jurisdiction, presence of valid website in gambling industry and other factors. Details of these issues are discussed during reference to a specialist.Detailed discussion of these issues are to be proceeded during reference to expert;

• Collection of all the additional data is done by our lawyers; they transmit the application form to the bank, monitor the progress of the process and keep client informed.

It is very easy to open bank account for gambling  -  it is sufficient to apply to the Law & Trust and follow the guidance of experts in this matter.