Compliance Updates
SKS365 Further Enhances Its Legal, Compliance And AML Function By Appointing A Supervisory Body
The new supervisory body will comprise four professionals
with proven experience in the legal, academic and military sectors:
Antonio Conte, Massimo Ignesti, Stefano Mele and Ranieri Razzante
At SKS365 we are committed to being leaders in Legal, Compliance and AML to further ensure a safe, fair and open environment for our customers, therefore the Company is proud to announce that its Legal, Compliance and AML infrastructure grows stronger with the adoption of a state-of-the-art organisational model pursuant to law 231/2001. The Company announces the establishment of a Supervisory Body and the appointment of four new senior members with proven experience in the legal, academic and military sectors.
The Supervisory Body will work alongside the Legal, Compliance and AML Department and will be entrusted with independent control, audit and risk management tasks across the Company.
SKS365 – international gaming and betting operator with a leading market share in Italy through the Planetwin365 brand – carefully selected the following four professionals that will comprise the Supervisory Body:
Massimo Ignesti (Chairman), an international expert on security and terrorism financing; Brigadier General (retired) of the Carabinieri Corps. General Ignesti comes with a background as commanding officer of domestic and overseas investigative units; senior intelligence officer; as well as Corporate Security Manager at Eni;
Prof. Avv. Ranieri Razzante (Deputy Chairman), a foremost legal scholar; Chair in Anti-crime Legislation at the University of Bologna; Director of the Center for Research on Security and Terrorism; President of the Italian Association of Anti-Money Laundering and Special Adviser to the Parliamentary Anti-Mafia Commission;
Avv. Antonio Conte, a leading barrister; Past President of the Bar Council of Rome;
Avv. Stefano Mele, a cybersecurity expert; President of the Cyber Security Commission of the Italian Atlantic Committee; President of the Cybersecurity Working Group of the American Chamber of Commerce in Italy (AmCham). Avv. Mele has been designated a âKey Opinion Leader for Cyberspace Securityâ by Born as well as one of the â20 best Cyber Policy Experts in the worldâ by Forbes Magazine.
The Legal & Compliance department has selected four profiles with diversified and complementary skills. The Supervisory Body will be pivotal to SKSâs legal, compliance and AML systems. In addition to the usual audit tasks, the Supervisory Body will oversee the security of the IT networks and of the financial flows, the risk management function and will work alongside the AML/MLRO to further develop the Companyâs internal control systems to prevent potential offenses within our sector, constantly exposed to risks.
SKS365âs Country Manager, Francesco Gaziano, quipped: âWe continue to attract high-profile, leading professionals and recognised experts. Our talent pool is becoming a distinctive competitive advantage. We keep investing in compliance, risk management and internal controls. In fact, we believe that compliance is a competitive lever and creates value by improving reputation, enhancing transparency, and reducing operational risk for the benefit of our customers and employees. For SKS365 it is essential that we offer to our customers a safe, fair and open environment where they can enjoy our entertaining product and share our passion for sportsâ. âSKS365 – he highlights – has been executing a spectacular turnaround. The new management is serious about getting without any exception. I tell you, we are building the absolute best-in-class in the industry”.
Compliance Updates
Aviatrix flying in Italy following certificate approval
Aviatrix, the groundbreaking crash game renowned for its unique engagement mechanics, is building new partnerships in Italy following the granting of a certificate in the country.
The Italian certificate enables Aviatrix to collaborate with operators regulated by the Agenzia delle Dogane e dei Monopoli, introducing casinos fans in Italy to the award-winning game for the first time.
Players at many of the biggest brands in Italy will soon be enjoying Aviatrix.
Anastasia Rimskaya, Chief Account Officer at Aviatrix, said: âWe are excited to be bringing Aviatrix to players in Italy for the first time. This is a market where innovation and player engagement are highly valued, so weâre certain our product will be a great fit. And more than that, we have an opportunity to play a central role in one of Europeâs most vibrant online gaming cultures. We canât wait to get started with operators in the country.â
Aviatrix is fast establishing itself as an important game in regulated jurisdictions, as it already is in emerging ones.
Australia
NSW Govt Appoints New Board Members to ILGA
The NSW Government has made appointments to the board of the Independent Liquor and Gaming Authority (ILGA), including a deputy chairperson and two new members.
Associate Professor Amelia Thorpe and Nicholas Nichles have been appointed following a rigorous public expression of interest selection process. Additionally, existing member Chris Honey has been appointed deputy chairperson.
ILGA is a statutory decision-maker responsible for a range of liquor, registered club and gaming machine regulatory functions including determining licensing and disciplinary matters.
The appointments follow the end of the term of appointment for outgoing deputy chairperson Sarah Dinning, and also fill vacancies that existed on the board.
Mr Honey, who was appointed a member of ILGA earlier in 2024, has been named deputy chairperson until the end of his current appointment term (11 February 2027).
Mr Honey has extensive experience in the advisory and restructuring field, including working extensively in highly regulated sectors.
Associate Professor Thorpe and Mr Nichles have both been appointed for four years commencing 6 November 2024.
Associate Prof Thorpe is with the Faculty of Law & Justice at the University of New South Wales and an Acting Commissioner of the NSW Land and Environment Court.
Mr Nichles was previously a Consul General and Senior Trade and Investment Commissioner for Australian Government agency Austrade, based in the US.
The new appointments bring the ILGA board membership to seven. The new appointments will join chairperson Caroline Lamb, new deputy chairperson Mr Honey and current members Cathie Armour, Jeffrey Loy APM and Dr Suzanne Craig.
Compliance Updates
Irelandâs New Gambling Regulator to Begin Work on Phased Basis Next Year
Irelandâs new gambling regulator is likely to begin overseeing betting businesses in the Republic midway through next year, industry figures predict.
President Micheal D Higgins recently signed the new Gambling Regulation Act, which overhauls licensing and creates a new authority to govern betting firms, into law. Industry figures forecast that the new regime should begin operating midway through next year, a key point for many businesses as they will have to renew online betting licences by that time.
Government also has to pass several milestones before the new Gambling Regulatory Authority of Ireland can start functioning, including appointing the seven people the body requires.
Minister for Justice Helen McEntee appointed senior civil servant Anne Marie Caulfield as chief executive designate of the authority in summer 2022. Her office has 11 staff. According to the Department of Justice, the Stateâs Public Appointments Service will shortly begin recruiting the authorityâs seven members.
The Minister will appoint the candidates the service recommends.
The department could not say when the authority would start regulating but noted this would happen in a phased âtimely mannerâ after its establishment.
Jack Chambers, Minister for Finance, earmarked âŹ9.1 million for the authority next year in this monthâs budget. That includes âŹ4 million for technology.
Ms Caulfield wrote to industry organisations last week confirming that her organisation would begin its work on a âphased basisâ but pointing out that it has already completed many preparations. In a statement she said that the authority was committed to keeping the industry fully informed so businesses can âplan for the new regulatory regimeâ.
Meanwhile, the Public Service Appointments Service last week advertised for someone to head the authorityâs social fund. Under the new lawâs provisions, betting businesses will contribute to this fund which the authority will use to tackle problem gambling.
Betting businesses regard the fundâs establishment as one of the key steps towards establishing the new regime.
Alongside that, they say that the authority will also have to set up its new licensing system. The law demands that all gambling businesses operating in the Republic be licensed and makes it a criminal offence to operate without a proper permit.
Lawyers at Arthur Cox recently noted that current permits are preserved until licensing sections of the act come into force. Existing high street and online bookiesâ licences will have a run-off period, but lawyers said that how this would work in practice depended on how the regulator developed the new system.
Betting businesses are keen that the authority works on a national self-exclusion register for customers who voluntarily ask bookmakers not to take their bets. Currently, most individual bookies have systems where customers who fear they have a problem, or are at risk, can exclude themselves in this way.
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