money-laundering

Bet365 to Pay £582,120 for Anti-Money Laundering and Social Responsibility Failures

April 7, 2024 | money-laundering

BIRMINGHAM, U.K. (April 4, 2024) — Bet365 is to pay £582,120 for anti-money laundering and social responsibility failures at its online business. Hillside (UK Gaming) ENC, which holds a lic...

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Bulgarian Betting Working with Tax and Security Authorities on Anti-Money Laundering Improvement

April 2, 2024 | money-laundering

BULGARIA (April 2, 2024) — Bulgarian authorities will engage in an anti-money laundering (AML) and counter-terrorist financing (CTF) initiative alongside the country’s betting industry, ded...

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Government Mandate: Actions to Counter the Use of Gambling Accounts for Criminal Activity

March 24, 2024 | money-laundering

Strängnäs, Sweden (March 22, 2024) — In government task Fi2023/03186, the Swedish Gambling Inspectorate must analyze and describe the risks of gambling accounts being used for money launder...

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AUSTRAC Commences Investigation Into Online Betting Company Bet365

March 8, 2024 | money-laundering

(March 7, 2024) —  The Australian Transaction Reports and Analysis Centre (AUSTRAC) has commenced an enforcement investigation into Hillside (Australia New Media) Pty Limited (bet365). The i...

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Input is Wanted for the Money Laundering Secretariat’s Indicators for Money Laundering and Terrorist Financing

January 9, 2024 | money-laundering

Odense C, Denmark, (January 8, 2024) — The Danish Gambling Authority calls on the gambling industry to provide input to the Money Laundering Secretariat’s indicators for money launderin...

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De Kansspelautoriteitt Publishes Third Version of Wwft Guidelines

December 23, 2023 | money-laundering

THE HAGUE, NL (December 20, 2023) —  De Kansspelautoriteitt (Ksa) (The Dutch Gaming Authority)  has adjusted its Wwft guidelines. The last changes to the guidelines dated from the entry int...

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AUSTRAC Announces Its 2024 Regulatory Priorities

December 14, 2023 | money-laundering

BARTON, ACT (December 13, 2023) — AUSTRAC has announced its regulatory priorities for the year ahead, detailing how we plan to bolster the financial system’s resilience to money laundering...

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Gambling Commission Money Laundering and Terrorist Financing Assessment 2023

December 5, 2023 | money-laundering

Gambling Commission risk assessment 2023 published BIRMINGHAM, U.K. (December 1, 2023) — The Gambling Commission (the Commission) has released its updated version of its risk assessment of mo...

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Dutch Gaming Authority Imposes Wwft Fine of 3 Million Euros on Betent

December 3, 2023 | money-laundering

THE HAGUE, Netherlands (November 30, 2023) — The Dutch Gaming Authority (Ksa) has imposed a fine of 3 million euros on Betent. Betent is being fined because it has violated the Money Launderi...

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Videoslots Ltd Receives a Warning and Penalty fee of SEK 9 million for Breaching Money Laundering Act

November 3, 2023 | money-laundering

Strängnäs, Sweden (November 1, 2023) — During the fall of 2021, the Swedish Gaming Authority began supervising Videoslots Ltd’s work regarding money laundering and how they ensure suf...

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The Swedish Gaming Authority’s Consultation Response to the Ministry of Finance’s Memorandum Fi2023/02022

September 29, 2023 | money-laundering

Strängnäs, Sweden (September 26, 2023) — In memorandum Fi2023/02022, it is proposed that the penalty fee for violations of the Money Laundering Act should be able to amount to the same maxi...

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Independent Panel Issues Invitations to Apply for the Cashless Gaming Trial

September 26, 2023 | money-laundering

SYDNEY, NSW, Australia (September 25, 2023) — The Independent Panel on Gaming Reform has issued invitations for venues and technology providers to apply to participate in the cashless gaming...

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Upcoming Event on Anti-Money Laundering: Case-Based Training

September 7, 2023 | money-laundering

Odense C, Denmark (September 1, 2023) — The Danish Business Authority, the Danish Security and Intelligence Service, the Danish Financial Intelligence Unit, the Danish Gambling Authority, th...

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Coljuegos Signs Inter-Institutional Cooperation Agreement with the UIAF and “Agreements for Legality”

August 29, 2023 | money-laundering

Emphasis on the fight, prevention and detection of possible money laundering operations, financing of terrorism and financing of the proliferation of weapons of massive destruction.  The agreement...

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Landmark Reforms to Reduce Gambling Related Harm and Money Laundering

August 29, 2023 | money-laundering

Overview By the end of 2025, Victorians will have the strongest gambling harm protections in Australia. The Victorian Government has announced new reforms to reduce gambling harm and money launderi...

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Call for NSW Premier to Establish a Gambling Royal Commission

August 20, 2023 | money-laundering

SYDNEY, NSW, Australia (August 18, 2023) — According to a loca media outlet the head of the Independent Liquor and Gaming Authority warned the NSW government two years ago that organised crim...

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Betway Joins EGBA’s Anti-Money Laundering Guidelines

July 22, 2023 | money-laundering

Betway has become the first brand outside of EGBA’s membership to sign up to the organisation’s pan-European guidelines on anti-money laundering. Brussels, 19 July 2023 – The European ...

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Administrative Court Annuls the Gaming Authority’s Decision on a Warning and Penalty Fee Against ATG

July 10, 2023 | money-laundering

Linköping, Sweden (July 7, 2023) — The Gaming Authority (Spelinspektionen) decided on 17 November 2022 to issue AB Trav & Galopp with a warning and that the company would pay a penalty ...

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Cibelae, in the Agenda of Activities of the WLA

June 27, 2023 | money-laundering

Buenos Aires,  Argentina (June 22, 2023) — In the agenda of activities of the World Lottery Association (WLA) two events stand out in which the Ibero-American Corporation of State Lotteri...

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AUSTRAC and Crown Agree to Proposed $450 Million Penalty

June 1, 2023 | money-laundering

AUSTRALIA (May 30, 2023) — Crown Melbourne and Crown Perth (together Crown) and AUSTRAC have filed joint submissions with the Federal Court of Australia, proposing a $450 million penalty over...

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Watertown Father and Son Sentenced to Prison for Decade-Long Lottery and Tax Fraud Scheme

May 30, 2023 | money-laundering

More than 40 Massachusetts lottery agent licenses are to be revoked or suspended BOSTON, MA (May 25, 2023) – A father and son were sentenced today in federal court in Boston for orchestrating an ...

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Use of MitID in Connection with Customer Due Diligence

May 26, 2023 | money-laundering

DENMARK (May 25, 2023) — The Danish Financial Supervisory Authority (FSA) has published guidance on the application of MitID (every resident’s personal key to digital services in Denmar...

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Swedish Government Urges Strengthened Cooperation Between Spelinspektionen and Finansinspektionen to Counter Illegal Gambling

May 8, 2023 | illegal gambling

Strängnäs, Sweden (May 5, 2023) — The work to ensure a healthy and safe gambling market and the fight against illegal gambling is of the highest priority for Spelinspektionen, the Swedish G...

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Suspicious Financial Transaction Reports Grow 13.5 Percent Year-on-Year in Q1

April 28, 2023 | money-laundering

MACAU, SAR (April 25, 2023) — The total number of suspicious transaction reports (STR) filed by Macau financial entities and gaming operators increased 13.5 per cent year-on-year to 817 in t...

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