money laundering – Page 2 – Highly Aligned Leaders in Legal Operations

UKGC Warns Operators Over Third Party Responsibilities As FSB Receive Sanctions For Failings

The HALLO ECHO The HALLO ECHO https://secure.gravatar.com/avatar/9019cb49f8ca42953ce7d3f0d64568ea?s=96&d=mm&r=g May 7, 2020 May 7, 2020

By: The HALLO ECHO

May 7, 2020

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The UK Gambling Commission (UKGC) has issued a warning to the gambling operators over third party responsibilities. The warning follows regulatory action taken against FSB Technology (UK) who will have to change the way it operates with additional licence conditions and pay £600,000 for advertising, money laundering and social responsibility failings. An investigation by…

UKGC Reveals Reasons for Triplebet Licence Suspension

The HALLO ECHO The HALLO ECHO https://secure.gravatar.com/avatar/9019cb49f8ca42953ce7d3f0d64568ea?s=96&d=mm&r=g April 9, 2020 April 9, 2020

By: The HALLO ECHO

April 9, 2020

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The UK Gambling Commission (UKGC) has published the reasons for suspending Triplebet’s licence. Triplebet’s operating licence was suspended on February 17 as part of a package of sanctions for social responsibility and money laundering failings. An investigation found serious failings in Triplebet’s approach to anti-money laundering, the monitoring of business relationships and due diligence…

Georgia’s Finance Minister Presents New Initiative to Reduce Gambling-Related Money Laundering

The HALLO ECHO The HALLO ECHO https://secure.gravatar.com/avatar/9019cb49f8ca42953ce7d3f0d64568ea?s=96&d=mm&r=g February 26, 2020 February 26, 2020

By: The HALLO ECHO

February 26, 2020

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Ivane Matchavariani, the Finance Minister of Georgia, has presented a new initiative to reduce money laundering risks related to gambling. The initiative includes the implementation of a new system for the registration and verification of the identity of players. It also aims to create a list of people addicted to gambling and to control…