Cyprus: Gaming

The Financial Action Task Force has released a comprehensive report examining how the gaming and gambling industry's evolution into online, cross-border platforms has created new vulnerabilities for money laundering, terrorist financing, and proliferation financing. The report identifies critical gaps in international regulatory frameworks and provides strategic recommendations for jurisdictions to strengthen their oversight of this increasingly interconnected digital ecosystem.

he gaming industry has changed rapidly over the past decade. New features such as skins and loot boxes have formed their own digital markets and raised important legal questions.

Recent years have witnessed a rapid growth in the betting industry in the Republic of Cyprus.