Tag: money laundering

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...

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