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Compliance Updates

Red Rake Gaming hires Iain Sims to compliance role

George Miller

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Red Rake Gaming hires Iain Sims to compliance role
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Online casino games supplier Red Rake Gaming adds Iain Sims to its growing Maltese based team

Red Rake Gaming has just welcomed industry veteran Iain Sims to its Maltese located team. Mr. Sims will take the Head of Compliance supplier’s role and will oversee current company’s compliance processes, and regulatory implications in the entering of new regulated markets.

Red Rake’s offering is currently certified for the Spanish, Portuguese, Italian, Swedish and Romanian jurisdictions, while it also holds B2B licenses granted by the MGA and the UKGC. Red Rake’s goal is to wider its global footprint even more to satisfy its clients’ need and to be a leading provider in the more prominent regulated markets.

Iain Sims is joining Red Rake Gaming after a 12 years-long career in the online gaming industry, working with the Technical Compliance team at LeoVegas his latest role.

Carlos Fernández Aguilar, Head of Business Development and co-founder of Red Rake Gaming commented: “Our strategy is to have a great reach in the most important regulated markets and this goes by hand with a scrupulous attention to the requirements and technical processes present in the regulations of each jurisdiction.

Iain’s hiring shows our commitment to compliance and will allow us to consider new regulated market entries in a more efficient manner”

Iain Sims, Head of Compliance of Red Rake Gaming, added: “Compliance is key in the strategy of every egaming company, and even more so for companies like Red Rake Gaming which are in a great growth phase and with a strong appeal for working in regulated markets.

“Recent biannual audit for the Spanish jurisdiction that we have been through, which is optional for B2B companies like ourselves in this market, is just the latest proof of our commitment for the most strict regulatory compliance.

“I’m convinced that Red Rake Gaming offers some of the best games in the whole industry and its growing expansion makes this an exciting time to join them”

 

About Red Rake Gaming:
Red Rake Gaming, an online casino provider, offers a wide and varied portfolio of top performing games across various markets including Belgium, Italy, Spain, Portugal, Romania, Malta and the UK. As a boutique provider to the iGaming industry we pride ourselves on working closely with our partners to drive their revenues through our high quality game production, exclusive promotions and flexibility to accommodate their individual needs. Coming from a strong social background, Red Rake Gaming content has already been proven in the social casino space, with all the success’s from social applied to our real money gaming. Since its inception, Red Rake Gaming has experienced significant growth, and demand for feature rich games continues to strengthen. With over 30 top performing slots, video bingo’s, video poker and table games, Red Rake Gaming has games to meet all operators requirements.
For more information on industry leading content, please visit: www.redrakegaming.com

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Canada Amends the Criminal Code Offence of Money Laundering

Niji Narayan

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Canada Amends the Criminal Code Offence of Money Laundering
Photo Source: theguardian.pe.ca
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The Government of Canada has amended the Criminal Code offence of money laundering. The regulation changes criminalise moving money on behalf of someone despite money laundering suspicions.

“This change modernises Canada’s money laundering criminal offences to be consistent with key allies (e.g. U.K. and Australia) and provides an additional tool to disrupt and more effectively investigate and prosecute money laundering, particularly when dealing with sophisticated actors such as professional launderers,” Finance Department spokesman Greg Sommerville said.

Canada also considers other recommendations produced in the past 18 months. 120 recommendations were filed, but only 19 have been approved so far.

“Canada has fallen so far behind for so many years, we’re playing catch-up,” James Cohen, executive director of Transparency International Canada said.

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Compliance Updates

Spain Approves the Creation of Commission to Combat Sports Manipulation

Niji Narayan

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Spain Approves the Creation of Commission to Combat Sports Manipulation
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The Ministry of the Presidency in Spain has approved the creation of a national commission to combat match-fixing and betting-related fraud.

According to the Ministry, the commission will “develop action plans [and] recommendations or diagnoses to detect, prevent and combat illegal actions in the field of sports competitions and fraud in betting.”

Members of the commission will include representatives of Spain’s gambling regulator (DGOJ), the National Police, the Civil Guard, the Higher Sports Council and persons related to sports competitions and the betting sector. The Commission will be chaired on a rotating basis by the head of the DGOJ and the Directorate General of Sports.

The commission’s first task will be to develop a new early warning system developed by the DGOJ, which is intended to act as a point of communication to prevent match-fixing and fraud.

“Corruption linked to the manipulation of sports competitions and betting-related fraud are two of the greatest threats to sport and horse racing, as it undermines each sport’s core values ​​and ruins the experience for fans and spectators. For this reason… the Government has considered it necessary to establish at the national level a formalised channel of dialogue and cooperation between public authorities, sports organizations, organizers of competitions sports and representatives of the gaming sector,” the Ministry said.

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Compliance Updates

Sports Betting Becomes Legal in New Hampshire

Niji Narayan

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Sports Betting Becomes Legal in New Hampshire
Photo Source: reviewjournal.com
Reading Time: 1 minute

 

New Hampshire has become the latest U.S. state to legalise sports gambling. Gov. Chris Sununu signed into law a measure that legalises betting on professional sports and most Division I college sports, excluding games involving New Hampshire schools. The state Lottery Commission will regulate the new industry.

“We can do it with a lot of confidence because it’s being done responsibly, and it’s being done with an organization here at the lottery that just knows what they’re doing. They know how to get this stuff off the ground,” Sununu said.

Opponents had argued sports betting would continue the state’s reliance on problematic revenue sources, including alcohol and cigarettes, the so-called “sin taxes.” But supporters argued legalising of sports betting will bring black-market activity to the surface and provide support for problem gamblers through a new organisation focused on education, prevention and treatment.

“I’m happy we’re bringing an illicit activity into the light for our citizens of New Hampshire and allowing for some consumer protections,” Rep. Timothy Lang said. He called it a win for residents, communities, the state and public education.

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