Betway has joined the European Gaming and Betting Association (EGBA)’s pan-European anti-money laundering guidelines. By signing up to the initiative, the SuperGroup-owned gambling company aims to highlight its commitment to combating money laundering in Europe’s online gambling sector. Anthony Werkman, CEO of Betway, said: “Betway is proud to announce its full commitment to joining and adhering to the EGBA AML …
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The European Gaming and Betting Association (EGBA) has published its first pan-European guidelines. In support of the online gambling sector’s fight against money laundering, the guidelines aim to reflect the latest technologies and laws while building upon the association’s commitment to responsibility. Reviewed and revised by Europe’s ‘top anti-money laundering (AML) compliance experts’, there is a focus on practical, sector-specific …
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The Danish Gambling Authority, Spillemyndigheden, has issued a request to 888 Denmark Limited to amend its operator procedures in order to comply with the Danish Anti-Money Laundering Act. In its investigation, the regulator found that the operator was not adhering to protocols set out under section 25(1) and section 26(1) of the legislation. The section states that the operator …
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The Gambling Commission has found ‘systemic failings’ at the Ladbrokes Coral Group leading to the imposition of a penalty package consisting of £5.9m payment and a series of improvement measures that must be implemented by new owner GVC. The regulator has also revealed that more sanctions may be coming down the line as further investigations into the actions of Personal Management …
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After a tumultuous 2018, what does 2019 hold in store for the UK sports betting sector? I have dusted down my crystal ball. It may be a bit cloudy in areas, with perhaps the odd crack beginning to show in parts, but here is my best bet on what the regulatory future may bring. On the plus side, I do …
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The Gambling Commission is considering reviewing the licence of five online casino operators over money laundering and social responsibility controls and has written to a further 12 online casino operators to raise concerns about the sector’s approach to anti-money laundering and social responsibility. In the letter the Commission set out how it expects operators to review all of their processes aimed at …
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Gala Coral have been ordered by the gambling regulator to pay out nearly £880,000 for taking £846,000 from a problem gambler who was using the proceeds of theft to feed his habit. The perpetrator of the crime, a customer between 2012 and 2015, has been jailed for three years, and Gala Coral have promised to ‘take steps to improve its …
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Paddy Power has been pulled up for ‘serious failings’ in its anti-money laundering and social responsibility processes following a Gambling Commission investigation. The bookmaker has also agreed to contribute £280,000 to socially responsible causes after failing to keeping crime out of gambling and protect vulnerable people. The failings relate to the way Paddy Power handled relationships with two customers at …
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The Remote Gambling Association (RGA), has today published the Second Edition of its publication, ‘Anti-money laundering: Good practice guidelines for the online gambling industry’. The RGA guidelines are designed to help licensed online gambling companies combat the threat of money laundering and terrorist financing in a consistent and effective manner. The document covers key areas such as the application of a …
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