Compliance Updates
UKGC Imposes £2.8M Fine on BoyleSports for AML Failings
The UK Gambling Commission (UKGC) has imposed a fine of £2.8 million on BoyleSports Enterprise for AML failings.
During an investigation by the regulator, Boylesports was found to have breached Commission rules aimed at preventing money laundering on its Boylesports.com and Boylecasino.com websites.
The investigation revealed that the operator failed to have an appropriate money laundering risk assessment in place. It was also found that its anti-money laundering policies, procedures and controls were unsuitable and, therefore, could not be implemented effectively.
“It is vital that all gambling businesses have effective anti-money laundering policies and procedures firmly in place and as part of our ongoing drive to raise standards we will continue to take tough action against operators who do not,” Richard Watson, executive director of UKGC, said.
In addition to the financial penalty, the UKGC has instructed Boylesports to maintain the appointment of an appropriately qualified Money Laundering Reporting Officer (MLRO) who holds a Personal Management Licence (PML).
Compliance Updates
WA.Technology awarded ISO 27001:2022 certification
Leading supplier awarded gold standard for information security management systems with new accreditation
WA.Technology, the award-winning B2B iGaming solutions provider, has reached a new milestone after being awarded the ISO 27001:2022 certification.
The globally recognised standard outlines the robust requirements that companies must meet for information security management systems (ISMS). The certification offers a comprehensive framework for developing, implementing, and maintaining robust data security practices in an online environment.
Being awarded the ISO 27001:2022 certification reflects WA.Technology’s ongoing commitment to maintaining the highest possible security controls and data integrity standards across its entire organisation.
The process involved an in-depth analysis of WA.Technology’s information security policies and analysis of the procedures and comprehensive security controls in place to protect the business against potential vulnerabilities. These threats include unauthorised data breaches, sharing of information, and other potential risks.
This is the International Organisation for Standardisation’s (ISO) latest version of the 27001 certification, which features enhanced provisions around emerging information security risks and challenges in the digital landscape, including those related to cloud security, remote working, building access, maintenance of company data, and the utilisation of new technologies. An upgrade from the 2013 certification, ISO 27001:2022 provides online-facing organisations with a clear framework for implementing and managing an effective ISMS to protect confidential information.
Francesca Grech, ISO Coordinator at WA.Technology, celebrated the new certification: “We are delighted to have received the ISO 27001:2022 certification – this is a true reflection of our commitment to upholding the highest standards in information and cyber security and improving our overall risk management and operational efficiency.”
“ISO 27001:2022 is the gold standard for security for any online business; it is no longer a ‘nice to have’ certification but an essential. At WA.Technology, we thoroughly understand the importance of deploying robust security systems across our entire business. This is imperative not only to protect our partners’ information but also to build trust and enhance credibility and confidence too.”
The post WA.Technology awarded ISO 27001:2022 certification appeared first on European Gaming Industry News.
Bradley Khoury
eCOGRA Approved to Operate in Arizona, Indiana and Panama
eCOGRA, a leading international authority in Testing, Inspection and Certification services for the iGaming industry, has secured new regulatory approvals across three key jurisdictions: Arizona, Indiana and Panama. With these developments, eCOGRA strengthens its position in the U.S. and Latin American markets, offering excellence in compliance through their Quality, Speed, and Service promise.
This strategic expansion allows eCOGRA to conduct independent compliance audits and certification services in each region, addressing the growing demand for rigorous regulatory oversight in the fast-evolving global iGaming industry.
Securing approval in Arizona, where eCOGRA has now been licensed as an Event Wagering Ancillary Supplier, enables the International Testing Laboratory (ITL) to audit event wagering licensees in line with Arizona’s expanding regulatory landscape. Indiana, which introduced online sports betting in September 2019, has authorised eCOGRA to perform regulatory compliance audits, providing licensed operators with crucial assurance in meeting the state’s high standards.
In Panama, the Board of Gaming Control officially recognised eCOGRA as an Authorised Entity for Compliance Certification, specifically for slot machines and gaming software. This endorsement reinforces eCOGRA’s role as a trusted partner for operators seeking to meet stringent regulatory requirements in Latin America’s emerging iGaming sector.
“Our recent approvals in Indiana, Arizona, and Panama underline our dedication to continually expand our offering, to support our growing portfolio of clients with their global growth plans. We are committed to ensuring that we bring the same quality, speed and service that marks us out to both our clients and regulators in these dynamic markets,” said Will Shuckburgh, Group CEO of eCOGRA.
Bradley Khoury, Chief Technology Officer at eCOGRA, said: “Securing licensure as an Event Wagering Ancillary Supplier in Arizona and an Authorised Entity in Panama underscores our dedication to supporting responsible and sustainable iGaming operations. We are committed to driving trust and accountability within the industry by providing compliance solutions that uphold the highest standards.”
Compliance Updates
Danish Gambling Authority Opens Applications for Land-based Bingo Licences
The Danish Gambling Authority has officially opened applications for land-based bingo licences under the country’s new regulatory framework.
The licences will be valid from 1 January 2025 for applicants who meet the required conditions and submit complete applications by 10 December 2024.
This development provides opportunities for operators to offer land-based bingo within a regulated environment.
To assist prospective applicants, the Danish Gambling Authority has created a dedicated “Land-Based Bingo” webpage. Here, operators can access application materials, guidelines and instructions to ensure submissions are completed accurately.
Operators seeking a licence valid from 1 January 2025 must submit their applications by the 10 December deadline. Applications that meet all requirements will be processed in time for the start date.
In cases where additional information or conditions are needed, the authority may issue licences with specific stipulations, granting operators additional time to address outstanding issues.
To support industry stakeholders, the Danish Gambling Authority will host an information meeting about the new land-based bingo rules on 5 December 2024. The session will take place at Englandsgade 25, Odense, and interested parties are encouraged to register by 29 November 2024.
The post Danish Gambling Authority Opens Applications for Land-based Bingo Licences appeared first on European Gaming Industry News.
-
gaming2 years ago
ODIN by 4Players: Immersive, state-of-the-art in-game audio launches into the next generation of gaming
-
EEG iGaming Directory8 years ago
iSoftBet continues to grow with new release Forest Mania
-
News7 years ago
Softbroke collaborates with Asia Live Tech for the expansion of the service line in the igaming market
-
News6 years ago
Super Bowl LIII: NFL Fans Can Bet on the #1 Sportsbook Review Site Betting-Super-Bowl.com, Providing Free Unbiased and Trusted News, Picks and Predictions
-
iGaming Industry7 years ago
Rick Meitzler appointed to the Indian Gaming Magazine Advisory Board for 2018
-
News6 years ago
REVEALED: Top eSports players set to earn $3.2 million in 2019
-
iGaming Industry7 years ago
French Senator raises Loot Boxes to France’s Gambling Regulator
-
News7 years ago
Exclusive Interview with Miklos Handa (Founder of the email marketing solutions, “MailMike.net”), speaker at Vienna International Gaming Expo 2018