Commission on legislative activities has approved the bill which prohibits money transfers to the account of illegal gambling sites via banks and payment agents.

According to the bill, banks and payment systems will have access to the list of illegal gambling sites whose payment details will not be available for the money transfer from Russian residents.

The bill was developed by the Ministry of Finance on behalf of the President of the Russian Federation and received a negative assessment from Central Bank and Ministry of economic development. Discussion of the bill at a government meeting is expected on February 16.

Online gambling was prohibited by Federal law in 2006. Since 2014,  Roskomnadzor has added illegal online casinos in the list of prohibited websites. However, in practice the online casinos continue operating as most of them are registered in offshore jurisdictions. Analysts believe that  shadow turnover on Russia’s online and mobile gambling market may be estimated as at least $3 billion.

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