Online bingo sites and legal operation
Online bingo sites must operate under strict guidelines laid down by the country where the site was licensed. The rules do vary from country to country, but there are some common conditions.
All sites must operate legally and ethically at all times. The online bingo games offered must be fair and proven to be tamper proof. This is why most online bingo sites licence their gaming software from developers which are expert at designing tamper proof software rather than designing their own.
All information given by players, such as names, addresses and account details, must be transmitted and stored using secure methods. Players have the right to withdraw their funds on request. It is the responsibility of the online bingo site to ensure that all players are of a legal age to gamble.
All staff working on the site must be properly licensed. Staff working on sites registered in the UK must hold Personal Management Licences (PML). Issuing staff with licenses will reduce the chances of the site being used for money laundering.
All accounts must be transparent and financial records must be available for examination. The issuing body has the right to inspect financial records when requested. In addition, the organization must be able to prove that it has enough funds to maintain solvency and operate the site without financial difficulty.
Issuing bodies have the right to revoke licenses at any time if any organization does not abide by the terms and conditions of their license. Most licenses need to be renewed at regular periods to ensure standards are met.