Spanish
Santo Domingo,.- The Dominican Association of Sports Betting (Adobad) denounced this Tuesday that nearly 20,000 jobs would be at risk if the bill to regulate, supervise, and combat money laundering in gambling were approved as it was sent to the National Congress.
The head of the entity Francisco Pérez assured in a document that more than 3,500 sports betting shops would be affected by the bill that was submitted via the Senate of the Republic, by the Executive Branch.You may be interested in: Sports betting associations
He stated that the bill opens the doors to the indiscriminate expansion of gambling in the country, because according to him, it would allow the commercialization of virtual electronic games in establishments that lack locative conditions that offer minimum safety standards for access to such products and services. He described the Executive's proposal as a "potential catastrophe", which would have a devastating effect on Dominican families, due to the accessibility that minors would have to gambling, leading Dominican society to a major chaos that the State itself will not be able to control. The project, according to some of its considerations, aims to strengthen the regulation of the financial sector, including betting banks, to prevent their use in illicit activities. The law seeks to promote collaboration between different public and private entities, including the banking sector, for the exchange of information and coordination in the fight against money laundering. Furthermore, it is intended to increase the penalties for those who commit money laundering offenses, including those who operate or use banks for illicit activities.
