FATF Issues AML and CTF Advice for EU States

The worldwide money laundering and terrorist financing watchdog Financial Action Task Force (FATF) has issued new sets of recommendations regarding the way European Union member states should assess risks connected to anti-money laundering (AML) and tackle threats regarding countering the financing of terrorism (CTF/CFT). Supranational Risk Assessment Report  Last updatedContinue Reading

Malta and France regulators gather to discuss AML procedures, foster cooperation

The Malta Gaming Authority and French regulator L’Autorité Nationale des Jeux have recently collaborated on a joint technical meeting on Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) matters. The two-day workshop, which took place on September 27-28, had as its purpose to showcase the methodologies and requirements of both authoritiesContinue Reading

Denmark’s Gambling Authority behind New AML CTF Strategy

Denmark’s national gambling authority, Spillemyndigheden, announced in a press release today it has been among the institutions which collaborated on the new national strategy for the prevention of money laundering and combatting terrorist financing (CTF). Strengthening Coordination and Cooperation Spillemyndigheden, as well as the gaming industry, actively contributed to theContinue Reading

Hard Rock Ottawa fined 4K for allegedly advertising to self-excluded people, AML policies failures

Ontario’s regulator has served Hard Rock Casino Ottawa a CAD 227,250 ($174,337) fine. The penalty follows an audit by the Registrar of the Alcohol and Gaming Commission of Ontario (AGCO), which uncovered that the Rideau Carleton Casino has allegedly committed 36 violations of the Canadian province’s gaming standards.  Hard Rock CasinoContinue Reading

Gaming Regulator in Denmark Warns Unibet over KYC, AML Breaches

The gaming regulator in Denmark issued reprimands for Unibet after discovering several breaches of regulations related to anti-money laundering. Regulator Warns Unibet, Requests Risk Assessment Changes Spillemyndigheden, the Danish Gambling Authority, announced on Friday that it issued warnings against Kindred Group’s brand Unibet. The reprimands come after an investigation ledContinue Reading

UKGC fines Genesis Global M, issues warning amid social responsibility and AML failures

The UK Gambling Commission has imposed a £3.8 million ($5 million) fine on Genesis Global Limited, the regulator announced on Thursday. The gambling business runs 14 websites, including genesiscasino.com, casinoplanet.com and casinocruise.com. “Britain’s gambling industry is being warned that the Commission will use all tools at its disposal to ensureContinue Reading

Gaming Regulator in Denmark Warns Unibet over KYC, AML Breaches

The UK Gambling Commission (UKGC) announced details regarding an investigation into the gambling business of International Multi-Media Entertainments (IMME). IMME is an Isle of Man-based company that runs the betting website lotteries.com. GC Reveals Conclusion Regarding IMME Investigation The investigation was launched last year, but its conclusion was published onContinue Reading