Connect with us
SIS

Compliance Updates

UKGC: Gamesys to pay £1.2m for social responsibility and money laundering failures

George Miller

Published

on

UKGC: Gamesys to pay £1.2m for social responsibility and money laundering failures
Reading Time: < 1 minute

 

Online gambling operator Gamesys (Gibraltar) Limited will pay £1.2m for failing to prevent gambling harm and breaching money laundering regulations.

The Gambling Commission launched an investigation into the operator’s processes after police investigations revealed three individuals had spent stolen money with the gambling business.

It was discovered that despite customers displaying behaviour that could indicate problem gambling the operator failed to deliver interaction that could have prevented harm.

The investigation also revealed the operator failed to comply with money laundering regulations, including not establishing customers’ source of funds.

As part of a settlement with the Commission Gamesys will return £460,472 of stolen money to victims and pay £690,000 as a payment in lieu of a financial penalty. This money will be spent accelerating delivery of the National Strategy to Reduce Gambling Harms.

Richard Watson, Gambling Commission Executive Director, said: “It is vital that operators understand their customers – track their online gambling and step in quickly when they suspect someone is suffering from gambling harm.

“These key steps and processes ensure they meet both their anti-money laundering and social responsibility obligations for all customers.

“Gamesys’ approach resulted in a variety of failings and saw stolen money flowing through the business – with customers being put at risk of gambling related harm.”

More info here!

Continue Reading

Compliance Updates

Spelinspektionen Blocks Relaunch of Ninja Casino in Sweden

Niji Narayan

Published

on

Spelinspektionen Blocks Relaunch of Ninja Casino in Sweden
Reading Time: < 1 minute

 

Swedish gambling regulator Spelinspektionen has blocked the relaunch of Ninja Casino in Sweden.

An application was submitted to Spelinspektionen following a license transfer by the owners of Ninja Casino to another company, who already had a license granted.

However, following “serious violations” of gambling laws in Sweden, the regulator deemed it “highly inappropriate” that such re-launch attempt had taken place between Global Gaming and Viral Interactive.

“[It was] highly inappropriate that Viral Interactive Ltd has chosen a collaboration involving two players who have committed serious violations,” Spelinspektionen said.

Following the rejection, the gambling authority stated that Viral Interactive and Global Gaming’s running of Ninja Casino did not meet gaming operation requirements to ensure “controlled and security assured forms.”

“It is noteworthy that the Swedish Gambling Authority, after almost five months of deliberation, chooses to reject Viral Interactive’s application to add Ninjacasino.se. Viral Interactive cannot in any way be regarded as a party in the legal procedure currently in place between SafeEnt and the Swedish Gambling Authority and cannot be held responsible for any marketing previously conducted by Elec Games,” Tobias Fagerlund of Global Gaming said.

“It is obvious to me that there is a lot of prestige in the Swedish Gambling Authority’s decision and that the Swedish Gambling Authority continues to make questionable decisions which in our opinion lack clear support in the legislation,” Tobias Fagerlund added.

Continue Reading

Compliance Updates

Stakelogic Receives ISO 27001 Certification

Niji Narayan

Published

on

Stakelogic Receives ISO 27001 Certification
Reading Time: < 1 minute

 

Stakelogic has received ISO 27001 certification for its best-practice information security management systems.

To receive the accreditation, Stakelogic was subjected to an independent, expert assessment of its data protection practices and procedures which were found to meet the gold standards set by the International Organisation for Standardisation and the International Electrotechnical Commission.

The accreditation means that operators that integrate Stakelogic’s games, and the players that play them, can be certain that the popular developer’s information security management systems are among the most secure in the industry.

“We are very proud to have secured ISO 27001 accreditation as it is the formalisation of our excellent policies and procedures on data security management. The accreditation means that operators and players can be certain that any information that passes through our systems is being protected to the highest possible standards. We believe this marks us out as one of the most reputable developers in the industry,” Stephan van den Oetelaar, CEO of Stakelogic, said.

Continue Reading

Baltics

Two Members of Bulgaria’s Gambling Commission Face Organised Crime Charges

Niji Narayan

Published

on

Two Members of Bulgaria’s Gambling Commission Face Organised Crime Charges
Reading Time: < 1 minute

 

A current and former member of Bulgaria’s Gambling Commission have been charged with involvement in an organised crime group allegedly headed by Vassil Bozhkov.

Plamen Georgiev was a member of the commission at the time that it was headed by Ognemir Mitev, who is reported to be among those taken into custody in a succession of prosecutors’ raids on the commission. Todor Markov has headed the control activities department since 2019.

The Specialised Criminal Court declined an application by prosecutors to remand Georgiev and Markov in custody, and ordered them into house arrest. The court ordered Georgiev and Markov not to contact officials at the Gambling Commission so as not to influence the investigation.

Reports quoted the prosecutor’s office as saying that, including Bozhkov, eight people had been the subject of criminal charges so far. Twenty-five witnesses have been questioned in the investigation into Bozhkov’s alleged organised crime group.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.