A number of important groups part of the gaming industry in Paraguay have reunited during the Fifth Conversation on Gambling reunion held every year in the country. The Paraguayan Chamber of Gambling together with the Association of Gambling Entrepreneurs, the Association of Gambling Operators, representatives of the Secretariat for the Prevention of Money Laundering and […]
The worldwide money laundering and terrorist financing watchdog Financial Action Task Force (FATF) has issued new sets of recommendations regarding the way European Union member states should assess risks connected to anti-money laundering (AML) and tackle threats regarding countering the financing of terrorism (CTF/CFT). Supranational Risk Assessment Report Last updated three years ago back in […]
Some 14 sports betting sites in Bremen, Germany will keep their doors shut, a recent report reveals. Regulators Checked Thousands of Documents Submitted by Betting Shops The Senator for the Interior in Bremen, Ulrich Mäurer, unveiled Monday that 14 sports betting locations will remain closed. The recent announcement follows an effort initiated in July this year. Back […]
A 12-month multi-jurisdictional investigation led to the arrest of three members of an alleged Melbourne money laundering syndicate who organized a scheme involving purchasing winning tickets from electronic gaming machines. Three People Charged The investigation executed by the Australian Federal Police (AFP), in collaboration with AUSTRAC, the Victorian Gambling and Casino Control Commission (VGCCC) and […]
Kinectify, a provider of modern risk-management software designed by AML practitioners, shared that it has raised a preferred seed round. Several notable companies and investors opted to support the compliance firm. Investors Support Kinectify’s Funding Round Kinectify’s cutting-edge tech provides operators with compliance solutions that help them navigate the regulatory landscape and prevent fraud on […]
Betting shops in the northern German city of Bremen have just about a week to prove they are not involved in money laundering and avoid being shut down for good, reported The Guardian. Prove Funding or Face Closure The city is planning to close down all betting shops and has already rejected betting license applications […]
Denmark’s national gambling authority, Spillemyndigheden, announced in a press release today it has been among the institutions which collaborated on the new national strategy for the prevention of money laundering and combatting terrorist financing (CTF). Strengthening Coordination and Cooperation Spillemyndigheden, as well as the gaming industry, actively contributed to the formulation of the new national […]
Reports in official Malta media claim the country has been removed from the Financial Action Task Force (FATF) grey list but the official announcement will not be made until Friday. News to Become Official Soon According to the reports, the ongoing FATF plenary meeting in Germany featured a secret vote on Wednesday in which the […]
Incode Technologies, a US-based specialist in biometric identity, has its age verification solution approved by the German Commission for the Protection of Minor in the Media (KJM). ‘Legal Certainty’ to Providers The age verification solution provided by Incode Technologies verifies users against data from their ID cards, comparing their image on the card with a […]
Malta is due a visit by the Financial Action Task Force (FATF) this Friday to clarify whether the country’s financial authorities have completed a previously assigned action plan related to Malta’s inclusion in the grey list. ‘Substantially Completed’ Action Plan The global anti money laundering (AML) watchdog announced in its latest update that Malta had […]
