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Compliance Updates

Yggdrasil granted ISO/IEC 27001 accreditation

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Yggdrasil granted ISO 27001 accreditation
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Enables business to further expand into new markets with many jurisdictions using certification as regulatory benchmark

 Yggdrasil, the leading worldwide publisher of online gambling content, has been granted an ISO/IEC 27001 certification, proving its commitment to information security standards.

The international certification is awarded when a set level of information security standards are reached, ensuring best practices in this discipline.

The accreditation enables Yggdrasil to expand into new global markets, with many jurisdictions and World Lottery Association (WLA) members now using the 27001 certification as a regulatory benchmark.

Furthermore, as the supplier’s flagship content creation and distribution program, YG Masters, continues to grow, ensuring Yggdrasil’s approach to data protection and information security is compliant is an important step for the global growth of the business.

Fredrik Elmqvist, CEO at Yggdrasil, said: “Receiving our ISO certification is something we are very proud of and rightfully so. We have been through a rigorous certification process to ensure compliance is held to the highest regard, which is something we pride ourselves on, and we are committed to continuous improvements in security standards.

“It is yet another feather in our cap as we continue to provide dynamic, immersive gaming experiences for players all over the globe, while also ensuring YG Masters continues to grow in a secure environment.”

Compliance Updates

Spillemyndigheden: Anti-Money Laundering- A report to the police must be followed up by a notification

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Notifications to the Money Laundering Secretariat is one the most important sources of information on money laundering and financing of terrorism. A notification is information about a potentially criminal act, and it cannot be replaced by a report to the police.

Gambling operators are obligated to notify in accordance with section 26 of the AML Act. The obligation to notify means that gambling operators must immediately notify the Money Laundering Secretariat if they know of, suspect, or have reason to believe that a transaction, funds or an activity is or has been linked to money laundering or financing of terrorism.

Notifications are essential for the role of the Money Laundering Secretariat, as notifications can in themselves constitute a case. In addition, a notification about a suspicion can be part of a larger case of other suspicious matters.

Police reports cannot replace notifications

There are no exceptions to the obligation to notify even if you have reported the matter to the police. In case a gambling operator has reported a customer to the police, the gambling operator must also notify the Money Laundering Secretariat which is an authority independent from the police.

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Compliance Updates

CT Interactive Certifies 60 Games and Hot Luck Jackpot for Peru

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CT Interactive has successfully certified 60 of its most popular games, along with the Hot Luck Jackpot, in Peru. This certification aligns with recent legislative updates in the Peruvian market, aimed at enhancing the gaming environment.

In response to these regulatory updates, CT Interactive has proactively certified a diverse range of games to provide Peruvian operators with a wide array of engaging gaming options. The newly certified games cover a broad spectrum of themes and features, ensuring that there is something for every type of player.

The newly certified games are: Hit the Hot, Lord of Luck the Wheel, Wizard Blizzard, 20 Star Party, Celestial Dragon, 40 Mega Slot, Monkey Sevens, 40 Shining Jewels, Shining Treasures, 40 Treasures, Giraffe Wild, 50 Treasures, Rodeo Power, Alaska Wild, Lord of Luck, Amazons Spear, Ramesses the Great, Banana Party, Fortune Pig, Brilliants Hot, The Power of Ramesses, Brilliants on Fire, Treasure Chase, Chilli Fruits, The Oldest Oak, Coffee Magic, Banana Merge, Dancing Dragons, Fortune Pyramid, Duck of Luck, HOT 7’s X 2, Fire Dozen, Magic Crown, Fortune Fish, Pick the Pig, Great Queen Bee, Win Storm, Lucky 3 Penguins, 20 Clovers Hot, Lucky Clover, Full of Luck, Penguin Party, The Great Sevens, Pot’o Luck, Fire Egg, Purple Fruits, The Golden Duck, Purple Hot 2, 40 Fruitata Wins, Pyramid of Gold, Power Storm, Wild Clover, The Big Chilli, Wild Hills, Jester Jack, Big Joker, Lucky Kiwi, Dark woods, 20 Mega Slot and Fluffy Tails.

Each of these games has been meticulously tested and certified to meet the stringent new standards set forth by Peruvian regulators.

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Australia

AUSTRAC and SkyCity agree to proposed $67 million penalty

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AUSTRAC’s Chief Executive Officer, Brendan Thomas
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SkyCity Adelaide Pty Ltd (SkyCity) and AUSTRAC have filed joint submissions with the Federal Court of Australia, proposing a $67 million penalty over the casino’s contravention of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act).

A court hearing has been set down for 7 June 2024, at which Justice Lee will consider the parties’ proposed settlement.

While AUSTRAC and SkyCity agree that a $67 million penalty is appropriate in all the circumstances, it is a matter for the court to determine the appropriate penalty.

In reaching this agreement, SkyCity has admitted that it operated in contravention of the AML/CTF Act, including that:

  • its AML/CTF Programs did not meet the requirements of the AML/CTF Act and AML/CTF Rules, in contravention of section 81.
  • it did not carry out appropriate ongoing customer due diligence with respect to certain higher risk customers and customers transacting through higher risk channels, in contravention of section 36.

“AUSTRAC took this action out of concern that SkyCity’s conduct meant that a range of high-risk practices, behaviours and customer relationships were allowed to continue unchecked for many years,” AUSTRAC’s Chief Executive Officer, Brendan Thomas said.

Mr Thomas said the action serves as an important reminder to casinos and the gaming sector to take their AML/CTF obligations seriously and be vigilant to money laundering and terrorism financing risks.

As the matter is before the court for determination, AUSTRAC is unable to comment further on the proceedings.

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