Wednesday, October 4, 2023

Tag: money laundering

Australian gaming groups served with money-laundering allegations

Australian Money laundering allegations
Share prices were slashed at Australia’s gambling and lending firms in June, as the country’s financial regulator, Nicole Rose, named Crown, SkyCity, Star Entertainment, and even National Australia Bank in a sector-wide money laundering investigation.

EU to create new anti-money laundering authority

EU anti-money laundering authority
After various incidents of dirty money moving through big European banks, EU ministers are cooking up new pan- European laws on money-laundering and a new..

UK betting companies paid £19.7m in fines last year

Gambling Commission National Strategy
UK betting operators paid a record £19.7m in penalty fees last year as regulators toughened stance against those failing to adequately deal with problem gamblers and money laundering. A UK Gambling Commission report announced the regulator brought fines against nine operators in the 12 month period. Overall gambling fines increased from £18.4m handed out in 2018 and £1.7m in 2017. Online...

True social responsibility involves some team-work

Betting Business, John Samuels, IBAS, social responsibility
Following this year’s Betting on Sports Conference, IBAS’ John Samuels comments on the need for co-operation within gaming to truly tackle fraud and become a socially responsible industry. Too many operators still feel that their competitors aren’t playing fair on social responsibility. It’s time to ditch the dog-eat-dog attitude and work together to fight fraud. An interesting time was spent at...