South Africa: Online gambling still illegal, Minister of Trade and Industry warning
24 October 2011
CAPE TOWN, South Africa -- (PRESS RELEASE) -- Online gambling remains illegal in South Africa and banks could question those South Africans that netted winnings from internet gambling sites, the Minister of Trade and Industry Rob Davies warned today.
Speaking on the sidelines of the International Association of Gaming Regulators' annual conference at the Cape Town International Convention Centre, Davies said South Africans should not jump the gun on internet gambling simply because the Gambling Review Commission had proposed that the department allow for the licensing of online gambling operators.
The commission was set up by Davies in 2009 and released its findings earlier this year.
"If you're a South African and you participate in online gambling and you win, your winnings are the proceeds of an illegal activity," he said, adding that banks under the Financial Intelligence Centre Act (Fica) could question those that net winnings from online gambling operations.
Davies also pointed to last year's ruling by the Northern Gauteng High Court that made it illegal for online gambling sites to offer their services in South Africa, even though their servers were hosted outside of the country.
"Unless or until we take a decision that we run a license (allowing online gambling)..............
Entire Article Can Be Found HERE
24 October 2011
CAPE TOWN, South Africa -- (PRESS RELEASE) -- Online gambling remains illegal in South Africa and banks could question those South Africans that netted winnings from internet gambling sites, the Minister of Trade and Industry Rob Davies warned today.
Speaking on the sidelines of the International Association of Gaming Regulators' annual conference at the Cape Town International Convention Centre, Davies said South Africans should not jump the gun on internet gambling simply because the Gambling Review Commission had proposed that the department allow for the licensing of online gambling operators.
The commission was set up by Davies in 2009 and released its findings earlier this year.
"If you're a South African and you participate in online gambling and you win, your winnings are the proceeds of an illegal activity," he said, adding that banks under the Financial Intelligence Centre Act (Fica) could question those that net winnings from online gambling operations.
Davies also pointed to last year's ruling by the Northern Gauteng High Court that made it illegal for online gambling sites to offer their services in South Africa, even though their servers were hosted outside of the country.
"Unless or until we take a decision that we run a license (allowing online gambling)..............
Entire Article Can Be Found HERE
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