{"id":5220,"date":"2023-07-17T11:29:47","date_gmt":"2023-07-17T11:29:47","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2023\/07\/17\/ico-supports-data-sharing-to-protect-customers-from-unaffordable-losses-in-gambling\/"},"modified":"2023-07-17T11:29:47","modified_gmt":"2023-07-17T11:29:47","slug":"ico-supports-data-sharing-to-protect-customers-from-unaffordable-losses-in-gambling","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2023\/07\/17\/ico-supports-data-sharing-to-protect-customers-from-unaffordable-losses-in-gambling\/","title":{"rendered":"ICO Supports Data Sharing to Protect Customers from Unaffordable Losses in Gambling"},"content":{"rendered":"
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The UK Information Commissioner\u2019s Office (ICO) has backed proposals for financial institutions to exchange data with gambling operators. The goal is to safeguard clients from excessive losses and to alleviate the destructive effects of problem gambling on people\u2019s wallets, relationships, and health. The ICO stated in a letter to industry association UK Finance that data protection regulations do not bar gaming companies from undertaking financial risk assessments on consumers. However, the process of exchanging personal information must follow rules for transparency and proportionality.<\/p>\n

The ICO\u2019s Executive Director of Regulatory Risk, Stephen Almond, emphasized the importance of treating problem gambling and the importance of partnership between the financial industry and gambling enterprises. He emphasized the necessity of data sharing in protecting people from excessive indebtedness and financial suffering. The program intends to encourage responsible gambling behaviors and protect vulnerable persons from slipping into the spiral of gambling-related harm by allowing lenders to undertake financial risk checks on customers in a transparent manner.<\/p>\n

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