Senet – an Australian gambling law, regulatory, and compliance advisory – has released a new compliance accreditation to protect individuals from the risks associated with problem gambling and money laundering.
Known as Senet Assure and Senet Assure Premium, the accreditation has been designed to safeguard gaming organisations and venues, their customers, and their communities.
Paul Newson, a regulatory and gambling specialist at Senet, explained that the certifications come at a time when the industry is facing significant compliance challenges.
“The certification will only be awarded to operators who can demonstrate the highest level of vigilance,” he said.
“Our team has developed this accreditation based on our deep knowledge of the complexities and challenges in 2021 facing gambling operators committed to responsible gambling outcomes and staying a step ahead of criminal activity.”
In addition, Newson noted that achieving the accreditation will be a clear demonstration of an operator’s ‘commitment to responsible gambling culture’.
He continued: “The accreditation is a way for industry leaders to demonstrate they are meeting the highest standards of accountability and exceeding best practice in protecting their customers and their staff in cultivating a workplace culture of compliance and social responsibility.”
Newson previously spoke at the SBC Summit Barcelona – Digital where he explained that in-play betting is often anchored to rates of problem gambling, despite previous reports advocating for its introduction.
At the time, he sad: “Obviously there are other arguments to allow in-play betting. Relying on problem gambling to sustain a ban is fraught with difficulty. Speaking only for New South Wales, problem gambling has been at a static and quite modest level for the last 15 years. That’s not to dismiss it, it’s a very serious issue and the appropriate policy initiatives do need to be in place and improved over time to embrace technology. But when you have player accounts, there is much more sophistication available to interrogate that information.”