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UKGC issues money laundering warning to operators

Niji Ng

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UKGC issues money laundering warning to operators
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The UK Gambling Commission has issued a warning to gambling service providers to be aware of the possibility of extremist groups using racing and football bets and online bingo to fund their activities. The regulator in its warning noted that extremists could be using fake IDs to launder money.

The fact that “customers not being physically present for ­identification purposes” could mean that there is a higher risk of laundering. The commission informed the gambling companies that customers from high-risk jurisdictions or those who appear on international sanctions lists are a threat to the operators’ systems.

“I believe authorities are very worried about this as it’s incredibly difficult to track money on the web and gambling sites,” said University of Buckingham security expert Prof Anthony Glees. The commission is putting all of its efforts into preventing these illegal activities from happening and therefore has called for more staff training and vigilance from its executives.

Niji has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

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Compliance Updates

Belgium restricts iGaming advertising

Niji Ng

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Belgium restricts iGaming advertising
Photo Source: americantargetnetwork.com
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Belgium’s government has issued stricter regulations against iGaming advertising, as part of its effort to protect children from the ill-effects of all forms of gambling.

The Belgian parliament okayed the new regulations after close to a year of deliberations. The most significant feature of the new regulations is the total ban on online casino TV advertising.

According to the new regulations, there will be restrictions on other forms of casino advertising too. Online casino operators will be allowed to advertise their services only on government approved websites. There will be a ban on sports betting on TV before 8 pm. No forms of marketing will be allowed during live sports broadcasts. Celebrity or athlete endorsements of gambling companies will also be prohibited.

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Asia

Malaysian deputy minister accepts it is difficult to tackle online gambling

Niji Ng

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Malaysian deputy minister accepts it is difficult to tackle online gambling
Photo Source: thesundaily.my
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Malaysia’s Deputy Home Minister Datuk Mohd Aziz Jamman has publicly conceded that the country has no effective way at present to completely block online gambling servers. He also acknowledges that the country has no effective mechanism to deal with about 700,000 dubious prepaid mobile phone accounts that may be used for illegal gambling.

The minister, nevertheless, provided the extensive and ongoing efforts to curb illegal online gambling by Malaysian enforcement bodies. He added that new measures are required for enforcement agencies to stop online gambling completely.

“Online gambling servers are located abroad and these are identified by their Internet Protocol (IP) addresses,” he explained. “When the police or the Malaysian Communications and Multimedia Commission (MCMC) block an IP number, gambling operators can change it in a split second.”

Mohd Aziz also told lawmakers that it was difficult for authorities to crack down on online gambling using mobile phone apps.

“It was previously mentioned by the Communications and Multimedia Minister that there are some 700,000 dubious prepaid mobile phone accounts. This makes it hard for authorities to gather information as the gambling operators are operating underground,” he said.

The minister also pointed out the difficulties to prove online gambling when no physical transaction of money takes place. “When they are caught, they say it’s just an online game as no money is involved,” he said, going on to assure lawmakers that the police are currently looking at ways to effectively deal with these problems.

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Gambling in the USA

Steve Wynn moves court against Wynn Resorts and the Massachusetts Gaming Commission

Niji Ng

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Steve Wynn moves court against Wynn Resorts and the Massachusetts Gaming Commission
Photo Source: thesundaily.my
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Steve Wynn, the ousted co-founder of Wynn Resorts, has filed a case against his former company and the Massachusetts Gaming Commission in his bid to block the release of any investigative report that might leak “privileged material.”

Wynn’s allegation is that his former company wrongly handed over privileged documents to the Massachusetts Gaming Commission for its investigation into allegations of misconduct raised against him in Wall Street Journal in February. He resigned from the company’s board following the allegations and sold his entire 12.1 per cent stake in the company. Wynn’s lawsuit argues that the information contained in materials handed to the commission was subject to attorney-client privilege during his time as Wynn Resorts CEO.

 “Recognizing that they have conducted their months-long investigation into Wynn Resorts with total disregard for protecting the privileged communications of Mr Wynn—who, again, has no ability to determine what communications and materials have been provided to regulators—Mass Gaming officials have simply donned the judge’s robe, cracked the gavel and unilaterally determined that Mr Wynn has failed to sustain his burden of establishing that any privilege applies to the unknown universe of documents acquired during the Mass Gaming investigation,” the lawsuit states.

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