At this time of year, when important sporting events are taking place (Copa América and Euro Cup) or are about to begin (Olympic Games), it is an excellent opportunity to analyze the importance of compliance in the sports industry.
The sports industry is a dynamic sector with great visibility worldwide. Sporting events attract millions of spectators, generate huge revenues and have a significant impact on society. However, the increasing complexity and globalization of related activities have brought with them various ethical and legal challenges. In this context, regulatory compliance has become an essential component to ensure the integrity and sustainability of sport.
Sports, like other industries, are not exempt from cases of corruption and fraud. Corruption scandals at renowned sports organizations have shown the need for robust compliance systems. The implementation of compliance programs has been crucial to providing credibility and transparency in organizations as important as FIFA.
Protection of the Rights of Athletes
Compliance is also vital to protect the rights and well-being of athletes. Cases of abuse and exploitation have highlighted the need for clear policies and effective reporting mechanisms. The lack of adequate compliance mechanisms could have contributed to multiple complaints related to inappropriate conduct in the field of sports of different types.
Compliance plays a crucial role in promoting gender equality and inclusion in sport. Gender discrimination and lack of female representation in management positions are persistent problems in many sports organisations. For example, UEFA has adopted compliance policies to promote gender equality, including the implementation of gender quotas in its committees and the promotion of development programs for women in sport. These measures help create a more inclusive and equitable environment.
Financial Transparency and Sustainability
Transparent financial management is essential for the sustainability of sports organizations. Financial compliance ensures that funds are used appropriately and fraudulent practices are avoided. A notable example is UEFA’s Financial Fair Play (FFP), a set of regulations designed to improve the financial transparency and sustainability of European football clubs. The FFP requires clubs to operate within their financial means, which helps prevent excessive debt and promotes fairer competition.
In that sense, a strong compliance program can also improve the reputation of sports organizations and increases the trust of sponsors, fans and other stakeholders. Public perception of integrity and transparency is crucial in the sports industry. For example, the International Olympic Committee (IOC) has implemented strict compliance measures to ensure transparency in the selection of host cities and the management of the Olympic Games. These measures have been fundamental to maintain confidence in the Olympic institution.
The World Anti-Doping Agency (WADA) is an example of how compliance can be implemented at a global level to combat unfair competition. WADA establishes and supervises the application of anti-doping rules, which helps maintain the integrity of sports competitions, rules that are applied in all countries that participate in international competitions.
Personal data protection
“Athlete data analysis is increasingly common in sport. Likewise, this analysis has transcended the teams and has been widely disseminated to the fans in general. In this way, it is common to know how many kilometers a soccer player traveled, his weight, hours of training, among others. The way in which this data is collected, processed and shared is an aspect to consider, since the bases of legitimacy for processing personal data may vary from one country to another and, furthermore, some of this data could be considered personal data. sensitive in some legal systems,” indicates Juan Carlos Tristán, Partner of the BLP firm in Costa Rica and with a strong presence in Central America.
According to Rodrigo Albagli, partner at the albabli zaliasnik legal firm in Chile, “in sports, compliance has become a fundamental pillar to guarantee transparency, ethics and integrity in all operations. Implementing regulatory compliance programs not only ensures that clubs and sporting organizations adhere to applicable laws and regulations, but also promotes a fair and responsible sporting environment.
For the reasons described, we can affirm that compliance in the sports industry is not only a matter of complying with laws and regulations, but also of promoting a culture of integrity, transparency and responsibility. Robust compliance programs help prevent corruption, protect athletes’ rights, promote gender equality and inclusion, ensure financial transparency, enhance reputation and encourage fair play. The effective implementation of these practices is essential for the sustainable and ethical future of sport. Sports organizations that take a proactive approach to compliance will be better positioned to meet the challenges and seize opportunities in this dynamic and ever-evolving environment.
On May 28, 2024, the Agreement issued by the Technical Council of the Mexican Social Security Institute (IMSS) was published in the Official Gazette of the Federation, which contains the general Rules for the new voluntary incorporation scheme to the Mandatory Regime. of Social Security for self-employed people.
The Agreement provides administrative facilities to guarantee that national and/or foreign independent workers have access to social security, through a simplified scheme for voluntary incorporation into the Mandatory Regime called “ Insurance for Independent Workers ”.
To contract this Insurance, the interested party must obtain their Social Security Number (NSS) to affiliate with the Mandatory Regime, with the obligation to pay the worker-employer fees that will be calculated based on the reported income. The contracting of this type of insurance must be carried out on the 20th of the calendar month and failure to pay in a timely manner will be considered an affiliation movement of withdrawal.
Mexicans abroad and foreigners in national territory may contract this Insurance, so that their beneficiaries enjoy comprehensive social security coverage in Mexico.
The IMSS will enable an electronic system for contracting Independent Worker Insurance, in which the interested party must provide the following information:
Income corresponding to your occupation;
Activities carried out to cover work risks;
Frequency of voluntary incorporation (monthly, bimonthly, semiannual or annual);
If you wish to make contributions to INFONAVIT (optional); and
Automatic renewal of the insurance period.
Finally, it is established that the IMSS will monitor the contracting of this Insurance and may exercise its verification powers to prevent employers and/or obligated subjects from resorting to this modality to evade the obligation to pay social security contributions.
Crash gambling is becoming really popular nowadays, and it’s easy to see why. We are talking about an exciting and fast-paced game that is, at the same time, very simple and very fruitful. In other words, it’s not hard to make some money with it. However, since it is still new, it can be difficult to navigate this world.
That’s why we have created this guide to the best crash gambling sites where you can play for real money. These are some top-quality platforms that we have carefully chosen based on different criteria. For example, bonuses, game variety, safety, and payouts. This way, you can be sure you’re getting only the best options.
It doesn’t matter if you’re a pro or just starting. This guide will allow you to make the most of this gaming experience. So let’s dive in and see what the best gambling crash sites are and how not to fear the crash!
Top Crash Gambling Sites
As crash online gambling is suddenly popular, platforms offering it are springing up like mushrooms. Yet if playing it is so easy, choosing the right platform is not. We will now look, one by one, at the best gambling crash sites and analyze both their strengths and weaknesses.
Stake Casino: Best Crash Gambling Site – Editor’s Choice
Stake Casino is an exciting gambling platform. Lately, it’s getting a lot of attention also thanks to the fact that it’s the main partner of Liverpool-based football club Everton. Its graphics are truly fresh and outstanding. Everything looks modern (or even futuristic), fast, and usable. Each click transports the visitor to one of the site’s sections at lightning speed, and the dark graphics are also good for the eyes.
However, its real strength is the “Social Casino.” What is it? It’s simple: it’s a feature that allows players to communicate with each other constantly. There is a chat room open to everyone, where players participating in different games can chat. In between bets, users complain about losses, cheer about winnings, and make friends in the process. The interactivity achieved here is on another level compared to any other casino. It also denotes a great effort on Stake’s part to moderate comments and make this chat a safe and civil place.
But let’s move on to one of the main reasons why we are here: Crash online gambling. Stake Casino offers an original in-house Crash game. The graphics are simple and fast and allow everyone to participate immediately. The waiting time between rounds is minimal. No frustrating delays, then: just lots of very fast thrills. In addition to this game, Stake offers many other options. They have a selection of slots, live dealer games, and scratch card games that can make players of any kind happy.
In addition, Stake Casino also rewards its players with some fantastic promotions. These can include bonuses and free spins. As such, players are incentivised to play and potentially increase their winnings. To top it off, the casino’s customer support is top-notch. We have found a 24/7 live chat that will pop up in the bottom right corner of the screen, giving players all the assistance they need. Just amazing!
Pros:
The “Social Casino” concept allows real-time interaction and communication among players.
Fresh and appealing graphics making the gaming atmosphere truly immersive
A very simple yet fast and functional Crash gambling Game
Minimal waiting time for Crash Game gambling
A diverse selection of games, which includes slots, live dealer games, and scratch cards
Exciting promotions and bonuses
24/7 active live chat support
Cons:
The social aspect might not appeal to players who prefer a more solitary gaming experience, as it can be quite intrusive
The crash gambling game variety might be less extensive than other old-school casinos to some players
Only one major option when it comes to Crash game gambling
7bit Casino: Best Selection of Crash Gambling Games
Established in 2014, 7Bit Casino is one of the most popular crypto casinos in the world. Its secret is the strong focus on cryptocurrency, but also the long list of software providers. Regarding the first, we could say that it makes sure that transactions are safe and anonymous. All of the main cryptos are available to players here, from BitCoin to Ethereum. They can be used for both deposits and withdrawals. It’s worth mentioning that 7Bit Casino is a pioneer in this sense.
The amount of software providers, which is more than 100, on the other hand, allows for a large amount of top-quality games. Through this wide range of collaborations, indeed, players can play several types of games, such as slots, table games, and live dealer games. Luckily, this also means there are loads of Crash game gambling options.
While in the previous casinos, we saw that the main option is an in-house-built crash game, here, the available games of this kind are developed by some of the most expert providers in the world. There is something for everyone, but space lovers and football lovers will be the most satisfied players here, especially when they find games like “JetX”. It’s important to mention something, though: if you type “Crash game gambling” in the search bar, you’ll get no results. That doesn’t mean there aren’t crash gambling game options, but that you need to know their exact names beforehand.
The casino also offers several promotions. The welcome pack is the highlight here and consists of the first four deposits. Besides, for those who are not into crypto, more conventional payment methods like debit cards (VISA/Mastercard) or Neosurf are available.
Pros:
This is a trusted and established online casino with players from all over the world
Partnership with over 100 software providers, making sure the amount of games offered is stunning
Focus on cryptocurrency transactions, but also the possibility to deposit and withdraw with traditional methods
A generous welcome pack that spreads across four deposits.
Many crash games for all types of players
Cons:
Hard to look for a crash gambling game
The focus on cryptos might scare old-school players
Thunderpick Casino: Best Crash Gambling Site for Fast Payouts
Those who love it will say that Thunderpick is something else. Those who don’t know it yet might be shocked by it. We are talking about a revolutionary casino site that focuses on gaming and Esports. It is divided into three sections. The main and most popular one is dedicated to Esports, with bets on all the main events. The second focuses on sports betting, with major sports events available on the platform. Finally, the third is a typical casino section.
In this casino section, we have found a collection of 18 different Crash games. Each of them has, of course, its own unique thrills and challenges. Popular titles like JetX, Thunder Crash, and Football X are all available, making sure any type of player will be satisfied. What is amazing here is that you can try these games for free without even registering. Here, you can have fun watching experienced players betting on multipliers and waiting for the crash. You can thus familiarize yourself with the games before starting to play and put your money.
One of the best characteristics of Thunderpick, which comes from its freshness and modernity, is the super fast payouts. Most payment methods, which include mainly crypto but also debit cards and other traditional methods, allow you to withdraw your winnings within one day. This is crucial for those who play many games and want to be able to retire the money they won as quickly as possible. It also allows them to bet again and again, knowing they’ll be able to win immediately.
Pros:
Innovative design
Comprehensive betting options, including esports, sports, and a vast casino section
18 different Crash games available
Free trial options allow players to explore games without registering
Generous bonuses
The fastest payouts in the market, up to 1 day to withdraw
Cons:
The emphasis on esports and gaming may limit the appeal for those who are interested in traditional sports betting or in casinos
The focus on cryptocurrency might be exaggerated
Some players might prefer a single, simple crash game rather than having to choose
Bizzo Casino: Best Crash Gambling Site for Variety of Games
Unlike the previous casinos, Bizzo caters to old-school players. This is a classic-style platform that takes us back to traditional casinos. Don’t be fooled, though, because the technology and the quality of games are just as modern and fresh. However, it is not as crypto-centric as some of its counterparts and offers a very diverse range of payment options, including cryptocurrencies.
The game library is truly extensive. We have found slots, table games, and some great crash online gambling games, providing a mix of new and old that will leave many satisfied. Other than that, there are a good number of promotions, such as the curious $2023 tournament bonus.
Pros:
Classic casino charm with a modern gaming twist.
A wide range of games
Regular promotions and tournaments
Acceptance of cryptocurrencies as payment options
Cons:
It may not fully satisfy cryptocurrency enthusiasts
The classic design may look boring to younger players
National Casino: Best Crash Gambling Site for New Players
National Casino is another classic option for players who want to experience crash gambling in a more traditional environment. The graphics, in particular, are very old-styled, from Sherlock Holmes to princesses and elves.
The game collection is enviable, with several options, including a good selection of Crash games such as the more classic “Crash” or sports-inspired “Cricket Crash”. The variety in terms of crash games makes it very interesting for newbies who are not familiar with the game yet and would like to try different options. Besides, the welcome packages make it really perfect for new players.
Pros:
Classic casino atmosphere with a wide range of games, tournaments, and live dealer options.
Exceptional welcome packages
A variety of Crash games, such as “Crash” or “Cricket Crash”
Great and rewarding tournaments
Excellent VIP program for loyal players and high-rollers
Cons:
Mainly traditional payment methods
The game library is extensive but less than many competitors
Ranking Methodology: How We Rank These Gambling Sites
To make sure you trust us, it’s essential for us to unveil the criteria we take into account when ranking a crash site gambling. These are the overall experience of playing online gambling crash, the quantity and quality of bonuses for new players, the availability of other casino games, and finally, the safety and quickness of payouts. We will now analyze each of these points one by one.
Crash Gambling Experience
Online crash gambling must be fun and exciting, or else it’s not worth playing it. The thrill here is trying to predict when the game will crash. This is the same for every game, yet this thrill can be enhanced by great visuals and good speed. The best crash game online gambling experience seems to come from those days that are simple but at the same time keep you attached to the screen.
Bonuses for New Players
For those new to crash gambling, enticing bonuses can be crucial. No one likes to lose money, especially on a game they barely know. For this reason, making the best out of bonuses can significantly improve the first experiences of new players, allowing them to be more relaxed and to feel like risking more. Yet, these bonuses need to have good wagering requirements, or else it will be impossible to withdraw the winnings.
Other Casino Games
Crash gambling might not be enough for all the players. That’s why, when we look at a casino, we also check what are the additional gaming options that they offer. How many slots? How many table games and card games like poker and blackjack? Is there a live dealer game section? All of this matters: the more possibilities players have, the more they will love that casino and spend their time in it.
Safety & Fast Payouts
This might be the foundation of the pyramid of gambling needs. It is our first priority to check whether a casino is safe. This means it should offer responsible gaming tools but also that games should be fair, that players’ data is protected, and that the casino has a reliable license. Besides, transactions are important to consider: not only the safety and the number of payment methods but also whether payouts are fast or excruciatingly slow.
What is Crash Gambling?
If you have read until here, you probably already know what online gambling crash is. However, for those who don’t, here is a brief guide that will introduce you to it. This is not properly a game but rather a category of games that combine elements of risk and strategy, and that has recently gained significant popularity, especially in its simplest forms.
At its core, any gambling crash game is all about predicting when a virtual “crash” will take place. At first, players place their bets and select the amount they want to bet. After a few seconds, the game will begin, and the multiplier will start to increase gradually. It reaches 1X, 2X, 3X, and so on. At this point, players need to decide when to cash out. The longer they wait, the more their bet will be multiplied; yet, at some point, the multiplier will stop going up, and it will “crash”, making those who did not cash out in time lose their money.
Most Popular Crash Gambling Games
Crash games can actually be more varied than you think. Here are some of the most popular variations.
Simple: These are games where you just see a line going up, as if in a graph. The longer the multiplier runs, the further the line will go. Top choice: Aviator (RTP 97%).
Towers: This game introduces a tower structure. Rather than a “crash”, there is a “fall”, which players must avoid. Top example: Save the Princess (RTP 95%).
Moon: Players watch as a rocket ascends, with the goal of exiting before it reaches the moon and crashes. Top title: Spaceman (RTP 96.5%).
Best Crash Gambling Strategies
Although some might think the opposite, crash game online gambling is not purely based on luck, and strategic decision-making can increase the chances of winning for a player. There are a number of strategies that professional players adopt. Here, let’s see some of them.
The first is bankroll management. This means setting a budget and sticking to it without chasing losses. It’s a key strategy for any game. More precisely, for crash games is the timing strategy: here, you will monitor the game’s historical data to identify trends and patterns in terms of the time when the crash happens.
Another strategy is to diversify your bets. Rather than placing all your bets on a single round, be patient and bet less more times. That’s what many players do: choosing to bet on 1.3x or something like that a certain number of times can end up being more remunerative and definitely safer than waiting for the multiplier to go over 5x.
One more good advice could be to establish both a winning and losing limit. This is directly connected to the concept of playing responsibly. Basically, be content when you have won a certain amount of money and stop playing once you have lost enough. Avoid letting emotions dictate the way you play, and always try to remain lucid and focused. For this reason, don’t play for too long, as this kind of game can become quite alienating after 15-20 minutes (that’s usually almost 100 rounds).
How to Get Started With Crash Gambling
Getting started with crash gambling is easy. Yet, those who are not familiar with the world of gambling might find it difficult at first. That’s why we have decided to create a short and simple guide for you. Just make sure to follow these simple steps one by one:
Finish reading this article
Choose a gambling site with a good reputation by checking reviews and users’ opinions
Register an account there
Verify your account by providing the platform with the required documents
Choose a payment method and deposit your funds
Obtain the available bonuses when possible
Look for crash games in the casino section
Watch players playing a few rounds before joining yourself
Place your bet, starting with a low amount of money
Monitor the multiplier carefully
Cash-out at the right moment
Once you’re done playing, either keep money on the gambling account or withdraw it
That’s it, now you’re ready to start!
Comparison of the Best 5 Crash Gambling Sites
Before we conclude by answering the most frequently asked questions, it’s good to sum up what are the main characteristics of the 5 best crash gambling sites that we have selected for you. Hopefully, this will help you make an informed decision when choosing where to go to live an unforgettable gambling crash game experience.
Stake Casino
Original in-house Crash game
Unique “Social Casino” feature for player communication
Cryptos: DOGE, BTC, ETH, XRP, BCH, TRX, EOS, BNB
Diverse game selection: slots, live dealer, scratch cards
Generous promotions with bonuses and free spins, including 50M Gold Coins daily races
24/7 live chat support for assistance
7Bit Casino Overview
Established in 2014
Trusted and reliable casino
A diverse selection of crash games, like JetX
Cryptos: BTC, ETH, DOGE, TRX, BCH, UNI, and more
Over 100 software providers and top-quality games
Promotions include a generous welcome pack for the first four deposits
Accepts conventional payment methods like debit cards (VISA/Mastercard) and Neosurf
National Casino Overview
Classic environment for old-school players, with traditional graphics
Several crash games like classic “Crash” and sports-themed “Cricket Crash”
Dedicated mainly to traditional payment methods
Cryptos accepted: BTC, ETH, LTC
Offers attractive welcome packages to make it appealing for new players to join and play.
Crash Gambling FAQs
Is Crash Gambling Legit?
Yes, crash gambling is completely legal, just as any other game you’ll find in an online casino. Of course, always check the reputation of the casino before registering and playing. Casinos should have a well-known license so that you know that they employ fair gaming practices.
Where Can I Play Crash Games?
You can play crash games on almost every gambling platform. Here in this article, we have mentioned the best crash gambling sites, but the game and its variations are literally everywhere. However, sometimes they won’t be easy to find by just searching the word “crash”.
Can I Win Money Playing Crash Games?
Yes, of course! Sure, many play crash gambling for the thrill, but the main reason why Crash games are loved is because they allow players to win money quickly and easily. That doesn’t mean you automatically win. Yet, if you are careful and consistent, you have quite good chances to enrich your account, multiplier after multiplier.
Which Cryptocurrencies Are Accepted at Crash Gambling Sites?
Many gambling crash sites accept popular cryptocurrencies like Bitcoin, Ethereum, and others. Of course, you always need to check the casino’s payment options for specific details. However, it’s safe to say that most of the options we have mentioned are very flexible when it comes to crypto and crash games are particularly loved by those who use this payment system.
Can I Play Crash Gambling for Free?
Some casinos may offer demo versions of any crash gambling game for free play. Most of the time, though, you can only watch other players play and see how the game works. To win real money, though, you typically need to place real money bets. Or else, it would be impossible to win for real.
On May 9, 2024, Supreme Decree No. 10 was approved, which modifies the Regulations of the Mining Code to adapt it to the latest legal changes.
These modifications correspond to Law No. 21,649, published in the Official Gazette on December 30, 2023, introducing changes to the Mining Code, the Constitutional Organic Law on Mining Concessions and the Law that creates the National Geology and Mining Service ( SERNAGEOMIN).
Likewise, on May 2, 2024, Supreme Decree No. 9 of the Ministry of Mining was approved, which establishes the new regulations that regulate the obligation to deliver geological information.
Below, we address the main changes introduced to the mining legal and regulatory framework, taking into consideration those made by Law No. 21,420, Law No. 21,649 and the aforementioned regulatory changes.
I) Amount of annual mining patents The difference between metallic and non-metallic concessions is eliminated, increasing the value of non-metallic mining patents in accordance with the standards reviewed below:
• Exploration patents increase their amount from 1/50 to 3/50 of the Monthly Tax Unit (UTM) per hectare. • Regarding exploitation concessions for the year 2024, 1/10 of UTM per hectare will continue to be paid exceptionally for exploitation concessions. From now on, if the mining properties do not fall within the scenarios provided by law, they will be subject to a progressive increase from 4/10 of UTM per hectare during the first five years since they are not considered in the assumptions of the law for the reduced patent, up to 12 UTM per hectare from the thirty-first year.
The law establishes the following hypotheses of reduced patent (1/10 UTM per hectare):
Effective work in the concession: The performance of mining work, having to annually certify that work, activities or works have been started that permanently and continuously allow the development of mining operations, understood as those referred to in Law No. 20,551. That Regulates the Closure of Mining Sites and Facilities (Site Closure Law), including those that derive from compliance with a mining site closure plan. The consideration for such operations will be applied regardless of whether they are carried out on owned or leased property.
Favorable environmental qualification resolution: Without the need to demonstrate work, the mining belongings are included in a mining development project that has obtained an Environmental Qualification Resolution (RCA) or has been admitted for processing in the Environmental Impact Assessment System ( SEIA) for qualification, in accordance with Law No. 19,300, on General Environmental Bases.
Mining Safety Regulations: If the requirements of the previous hypotheses are not met, it is possible to opt for the reduced patent with respect to those belongings included in a project that, without having the obligation to enter the Environmental Impact Assessment System, is in process. any of the permits established in title XV of the Mining Safety Regulations. The patent can only be determined for this concept one time.
On the other hand, the regulation includes in its new article 53 the details of the information that must accompany the mining concessionaire who wants to obtain this benefit. For natural persons, legal mining companies, mining cooperatives or individual limited liability companies that are owners of one or several properties whose total area does not exceed 500 hectares, the benefit of accessing a reduced patent is established if the development of work is accredited. in the area of at least one concession under any of the cases indicated above, assuming that they will remain in such situation for the next five years.
Likewise, the reduced patent will only apply to those mining properties included in a mining production unit and its possible expansions. A mining productive unit is understood to be the set of facilities and workplaces that are organized to ensure the functioning of mining operations, understood as the facilities and workplaces indicated in letter i) of article 3 of the Mine Closure Law. .
II) Duration of exploration concessions Exploration concessions will have a validity of 4 years, renewable for up to 4 more years if some requirements for the delivery of geological information or processing before the SEIA are met.
For this, the mining concessionaire must, within the first six months of the last year of its concession, present to SERNAGEOMIN a report with all the geological information obtained in the exploration works that have been carried out during the validity of its concession, and must comply with Supreme Decree No. 9 of 2024 of the Ministry of Mining or the regulation that replaces it.
Alternatively, the holder may present to SERNAGEOMIN the documentation that accredits the obtaining of an RCA with respect to his mining project in the period of duration of the concession, or the admission of his project for processing in the SEIA.
For the purposes of obtaining the indicated extension, a certificate must be obtained from SERNAGEOMIN that demonstrates compliance with the requirements, which must be sent to the competent legal court. Once the resolution granting the extension is obtained, it must be extracted, published and noted in the margin of the respective registration.
Exploration concessions whose validity expires during the year 2024 will be understood as extended until December 31, 2024, and the right to extend may be exercised for another 4 years within the first half of 2024.
Furthermore, once the exploration concession has expired, a one-year prohibition is established on the original exploration concessionaire and its related persons from reacquiring exploration concessions in the area of the expired exploration concession.
III) Limitation on the exercise of possessory actions There is a change in the exercise of possessory actions in the sense of requiring the mining concessionaire to exercise a possessory action (such as the complaint of new construction, for example) against the owner, possessor or mere holder of the surface properties, prove that he or she is the holder of an easement right or other real right over said surface property.
Likewise, it is established that it is optional for the judge to decree the suspension or stoppage of the reported works, and the concessionaire must prove that he is the holder of a real right and provide background information that justifies the serious and imminent danger that the non-granting of the suspension or stoppage entails. . Furthermore, if the cessation of the works is decreed, the owner may cause their effects to cease by providing sufficient security to allow them to respond for their demolition or compensation for damages.
This represents a radical change in the protection of assets and critical infrastructure of projects, and the maintenance of much mining property that was only maintained for reasons of security of non-mining assets must be re-evaluated.
IV) Delivery of geological information A change is introduced in the delivery of geological information, specifying delivery times and increasing the fine for non-delivery to 100 UTA, which may be doubled if said information is required by SERNAGEOMIN, also disabling the mining concessionaire from obtain the benefit of reduced patent.
In accordance with the new regulations, exploration concessionaires will have a period of 30 days, counted from the expiration of their concession, to send SERNAGEOMIN a report with all the geological information obtained from the exploration work carried out in the area corresponding to said concession.
Along with the above, the exploration concessionaire must submit a report with all the geological information obtained in the exploration work that has been carried out during the validity of its concession before requesting the renewal of its concession for another 4 years.
Regarding the exploitation concessionaire, it must send to SERNAGEOMIN every two years a report with all the geological information obtained from the geological exploration work carried out during said period.
The detail of the geological information to be delivered is contained in the new regulation that regulates the obligation to deliver geological information contained in Supreme Decree No. 9 of 2024 of the Ministry of Mining.
The most relevant aspects of the regulation are:
The report with the geological information must be presented through a form that SERNAGEOMIN will have for these purposes on its website.
The background information that must be accompanied and its delivery format are established, which include a presentation of the project, georeferenced geological maps, geophysical surveys, geochemical surveys, drilling information, and others.
The geological information received by SERNAGEOMIN will continue to be the property of the reporting company, but will be public information in accordance with the provisions of Law No. 20,285 on Access to Public Information. The reporting company may request that all or part of said information be considered confidential for up to 4 years from its delivery.
V) Change of datum The references and mention of the change of datum to SIRGAS are eliminated, leaving the future modification entrusted to the Regulations of the Mining Code. Likewise, a procedure is established that SERNAGEOMIN and the mining concession holders must follow for an eventual change of datum in the future.
VI) Request for a final ruling The regulations introduced a change in the background information that must be included in the request for a ruling. In this way, it is now not necessary to indicate on the map that accompanies the request for a ruling the corresponding letter from the Military Geographic Institute at a scale of 1:50,000 where the midpoint of the petition is located.
VII) Cabinet measurement and new deadlines The requirement for field measurements and the construction of milestones is eliminated, allowing for a lower-cost measurement operation carried out in less time.
Furthermore, as a result of the greater simplicity of the measurement operation, the deadlines for requesting the measurement are modified, from 200 to 220 days to 90 and 120 days counted from the presentation of the manifestation, and for the presentation of the plan and measurement report. 15 to 10 months from the date of presentation of the manifestation.
VIII) Elimination of point of interest from the mining manifestation Article 45, paragraph 2 of the Mining Code allowed, in the case of mining manifestations of a group of belongings not exceeding 100 hectares, the description of the point of interest indicating its most important signs. precise details and characteristics, the name of the property or mineral seat and the province where it was located. Through the last modification, this alternative was eliminated and from now on it will only be possible to indicate a point of interest in the mining manifestation using UTM geographic coordinates
IX) Entry into force. With the exception of the rules referring to changes to the delivery of geological information, measurements and milestones, which will come into force once the corresponding regulatory changes have been made, the rest of the referred rules have already come into force.
Both the modification to the Mining Code Regulations and the delivery of geological information are being processed before the Comptroller’s Office.
For more information about these issues and their implications, you can contact:
Antonio Rubilar | Director of Public Law and Regulated Markets group | arubilar@az.cl
Alejandro Montt | Director of Mining, Energy and Natural Resources | amontt@az.cl
The Gaming Control Authority (AJ) issued the new regulations to grant authorizations for business promotions in Bolivia, through Regulatory Resolution No. 01-00002-24 (new regulations), dated May 13.
Although the AJ has largely preserved the provisions of the predecessor regulation, it is necessary to highlight that certain substantial modifications have been introduced. In this article we will address the most relevant changes, taking into account their impact on the execution of this type of activities.
The new regulations propose modifications that will directly affect some of the marketing strategies that, until now, several companies actively applied. Such is the case of the so-called ”permanent activities”, which consist of promotional activities that remain unchanged for more than three years and that do not require authorization from AJ to be implemented.
The new regulations place special emphasis on two crucial points regarding this type of activities:
Any modification to the initial conditions will cause the activity to be considered an unauthorized business promotion.
It highlights that obtaining authorization resolutions from regulatory authorities does not exempt from obligations towards the AJ.
The first of these inclusions is intended to underline that any slight modification to the initial conditions of the permanent activity will cause it to lose that quality, becoming a regulated business promotion. Meanwhile, the second points out that, regardless of whether a company has authorization from the competent entities in its regulated sectors, such as the Financial System Supervision Authority or the National Hydrocarbons Agency, said authorization does not exempt it from control and sanction. by AJ.
This could cause a situation of uncertainty when companies that fully comply with the regulations approved by the competent authority of their sector are also subject to AJ inspections because this authority has a disparate criterion on what is meant by modification to a permanent activity. .
A second relevant change involves business promotions consisting of points clubs. The new regulation establishes the express prohibition of transferring, migrating or validating the points accumulated in business promotions to other activities, completely eliminating the possibility of resorting to this alternative that gained popularity in the past.
Likewise, a point that becomes extremely important is the new definition of the so-called ”payment for participation rights”. The new regulation maintains the provision of its predecessor, indicating that the application of this type of payment allows an activity to no longer be considered a business promotion. However, the definition implemented expressly excludes the following activities:
The acquisition of goods and/or services marketed by the person developing the business promotion as a condition for participating in raffles, games of chance, any other means of access and/or sales with prizes of limited availability.
Charges of a certain amount for the affiliation of one or more people to discount programs, accumulation of points or similar activities.
The second of these limitations is fundamental, since it was a common practice in the implementation of unregulated campaigns. Under the new regulations, charges for affiliation or membership in points clubs no longer allow the program to be considered a business promotion.
On the other hand, the use of computer media or other tools to carry out business promotions will require that the project explicitly contain a detailed indication of the media that will be used and the function they will fulfill in the development of the activity.
Regarding prizes, the new regulations prohibit offering vouchers or coupons for the exchange of prizes subject to registration. In addition, a new replacement obligation was imposed for prizes that consist of goods made of fragile material, with a replacement stock having to be provided in case of damage. On the other hand, for the donation of prizes that consist of perishable goods, a requirement was established that they have a minimum validity of one month, otherwise their donation to LONABOL will be made in the equivalent value in national currency.
Finally, ongoing business promotions and those requested prior to the new regulations coming into effect will be governed by the previous regulations. The applicability of the old regulations to requests for modification due to extension of the promotion may also become a topic of discussion, depending on the criteria that AJ is going to take on this issue.
