Malaysian Law Since - 1997

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[2012] 1 LNS(A) ix

ONLINE BETTING - LEGALISATION & REGULATION-THE WAY FORWARD
by GURU DHILLON, ROBERT JEYAKUMAR, MUNAWIR RIDZWAN & NG YIH MIIN*

MALAYSIA Abstract Purpose - The aim of this paper is to create awareness of the social ills and threats related to online gaming which affect Malaysia and the International society such as money laundering via online gaming and evasion of tax. It also includes suggestions of countermeasures and regulations that could be implemented in Malaysia. Design/methodology/approach - The paper achieves this by examining the accessibility of online gambling in Malaysia and the law and regulations available in Malaysia to combat the existence of online gambling. Initiatives taken by the Malaysian government will be scrutinised in this paper. In addition, the paper will take a broad view of other jurisdictions like the United Kingdom, United States and the available international law and regulations on online gambling such as the 'European Commission Green Paper: Online Gambling in the Internal, 2011'. Further, the paper will also examine the legislation of Australia such as the Interactive Gaming Act 2001. Also included are suggestions of possible mechanisms to regulate online gambling activities in Malaysia. Findings - Malaysia has legislation on gambling which does not specifically address online gambling. Suggestions for revision of the laws to regulate online gambling have been included.

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29/03/2012 11:52

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