Events
November 28, 2024

Tim Miller Calls for Collaboration at Bacta Annual Convention

Tim Miller

Gambling Commission Executive Tim Miller delivered a compelling speech at the Bacta Annual Convention this morning. Highlighting the critical role of arcades and low-stakes venues, Miller emphasized compliance, transparency, and safer gambling practices. With collaborative initiatives, stricter policies, and innovative tools, the Commission aims to create a sustainable, player-focused gambling industry. Learn how Miller’s speech […]

EMEA , Regulation
November 19, 2024

BOS Launches New Initiatives to Combat Money Laundering

BOS

How can the gambling industry lead the charge against money laundering? BOS (The Swedish Trade Association for Online Gambling) has unveiled a set of transformative initiatives designed to strengthen anti-money laundering (AML) practices across Sweden’s gambling sector. With rising regulatory expectations and the increasing complexity of financial crimes, these initiatives aim to set a new […]

Africa , Business , Regulation
November 6, 2024

South Africa Strengthens AML to Exit FATF Grey List

South Africa Strengthens AML to Exit FATF Grey List

South Africa is making significant strides in its efforts to exit the FATF grey list, with recent updates to its anti-money laundering (AML) and counter-terrorist financing (CTF) framework. Despite some progress, key challenges remain, particularly around financial sector alignment, casino regulation, and transaction reporting standards. With the Financial Action Task Force (FATF) offering specific recommendations, […]

Asia , Legal , Regulation
October 28, 2024

Philippines Poised to Exit FATF Grey List in 2025

Philippines Poised to Exit FATF Grey List in 2025

After over three years on the FATF grey list, the Philippines is on track to exit in early 2025, thanks to substantial reforms in anti-money laundering (AML) and counter-terrorism financing (CTF) protocols. The Financial Action Task Force (FATF), which regularly reviews high-risk jurisdictions, has noted that the Philippines has “substantially completed” an action plan to […]

EMEA , Legal , Regulation
October 7, 2024

Cyberhorizon Hit with Major Penalty for AML and CTF Breaches

isle of man

The Isle of Man Gambling Supervision Commission (GSC) has slapped Cyberhorizon, a digital office hosting service, with a hefty £140,000 (€167,297/$183,576) penalty. The fine is a result of serious breaches related to anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. This enforcement action sends a clear message about the GSC’s commitment to upholding strict compliance […]

Regulation
June 5, 2024

Denmark Strengthens AML Guidelines for Gambling Operators

The Danish gambling sector is facing significant regulatory changes as the Spillemyndigheden updates its anti-money laundering (AML) guidelines. Discover how the new AML guidelines, enriched with practical examples and comprehensive updates, aim to bolster compliance among gambling operators in Denmark. Learn about the specific changes, their implications for the industry, and how they align with Denmark’s broader […]

Regulation
April 5, 2024

Denmark’s DGA Cracks Down on SkillOnNet for AML Failures

Tightening the Reins: Denmark’s Crackdown on AML Failures in Online Gambling The Danish Gambling Authority’s (DGA) recent action against SkillOnNet marks a pivotal moment in the regulatory oversight of online gambling. By issuing three injunctions and two indictments, the DGA sends a clear message: adherence to anti-money laundering (AML) procedures is not optional. This move […]

Legal
April 4, 2024

bet365 Fined £582,120 by Gambling Commission for Regulatory Failures

Striking a Balance: The bet365 Settlement and Its Implications for the Gambling Industry A Wake-Up Call for Compliance in the Gambling Sector In a significant enforcement action, the Gambling Commission has imposed a £582,120 fine on renowned operator bet365. This penalty underscores the commission’s unwavering commitment to ensuring gambling remains safe, fair, and crime-free. As […]