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The most fine is HUF one hundred million (approximately EUR 252,000), and the SARA might also confiscate supplies and units used for unlawful gambling. The gaming supervisory authority may order in writing any PSP to cease such exercise related to illegal playing (and dispatch a copy of the order to the National Bank of Hungary). Underneath the Gambling Act, payment service suppliers (“PSPs”) may not partake within the execution of any transaction linked to the acceptance of funds for the placing of bets or for the payment of winnings in reference to actions prohibited by the Gambling Act. Providers of betting services other than online sports betting companies must apply customer due diligence measures upon the fee of winnings (or from participant accounts) amounting to HUF 600,000 (approximately EUR 1,500) or more. Please embrace in this reply any material promotion and promoting restrictions.
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