Nepal government is tightening regulations for casinos to ensure enhanced consumer protection. The government has introduced distinct measures to protect customer data.
As the casino gambling industry in the small Himalayan country is still evolving, casinos had no proper record of patrons and visitors. Following the new rules, all casinos in Nepal have to maintain a proper record of visitors.
The government has also restricted the casinos from allowing entry to people who have been found to be involved in suspicious activities and to inform the police if they come across any suspicious activity from the visitors.
The government has also asked the casinos to make sure that no locals are allowed in the premises as the existing gambling regulations forbid Nepalese people to wager at local casinos. Only foreigners can visit casinos in Nepal.
Moreover, the casinos are now required to bring to the immediate notice of the concerned authorities and Nepal Rastra Bank all wins and losses of over Rs 1 million within 15 days. Also, if there is any suspicion of money laundering activity, the casino is required to inform the Nepal Rastra Bank’s financial information unit.
Moreover, the government has strictly warned the casinos from sharing the information of clients visiting the casinos to third parties. The casinos have been asked to maintain a record of visitors for up to 5 years and can be asked to further the list of visitors any time by the Financial Information Unit.