21-11-2007 Norway to ban financial transactions to online gambling sites

The Norwegian Government submitted a proposal that would make illegal for financial institutions to process transactions to and from online gambling sites. A spokesperson for the government said existing laws already prohibit companies to engage in marketing or mediating for internet gambling services and the new legislation simply clarifies that the term 'mediating' applies to payment processing.

Elsewhere, the Sweden’s tax authority launched an investigation into the incomes of online gaming affiliates that have not been reported. The investigation, which is expected to be completed by 2010, has been made possible through the exchange of information with offshore tax havens such as the Isle of Man and with the issuer of the country’s .se top level domain.