Betway Ghana organised a workshop in Accra on Tuesday, November 24 to engage the various stakeholders on how to ensure regulatory compliance in the sports betting industry.
Over 20 participants, made up of representatives from the Gaming Commission, Financial Intelligence Centre and Cyber Crime Unit- Ghana Police Service attended the compliance workshop.
The workshop created a platform for the various stakeholders to share views and information on, the betting landscape in Ghana, Anti Money Laundering (AML) & Combating Financing Terrorism (CFT) Compliance and Data Protection Compliance.
Country Manager – Operations, Magnus Rex Danquah further explained mechanisms in place on the online platform to help control and monitor underage betting, financial risk and other suspicious activities. He also mentioned that Betway would continue to subject itself to regulatory compliance.
“We have a very experienced and well-diversified risk and fraud team, that’s capable of identifying risk elements from an abuse and money laundering perspective. The risk team executes certain risk and AML reports to identify any risk of Money laundering, such as identifying the customers with little to no wagering.
Assessments are performed on those accounts, in order to identify and mitigate any potential money laundering activities that may present itself through the investigation.”
Dr Gustav Yankson, Director, Cyber Crime Unit (Ghana Police Service) also highlighted his commitment to push a collaborative effort to combat emerging cyber fraud in the Ghanaian gaming industry.
Similar sessions will be held with media and stakeholders in Takoradi and Kumasi in the coming weeks.
--
Latest Stories
-
AEC 2024 renews momentum to lift Africa out of poverty despite global shocks
1 min -
Can RFK Jr make America’s diet healthy again?
3 mins -
Maiden Women in Chemical Sciences conference opens with a call for empowerment
2 hours -
We’ll reclaim all Groupe Nduom stolen assets – Nduom declares
2 hours -
Center for Learning and Childhood Development Director Dr Kwame Sakyi honoured at Ghana Philanthropy Awards
11 hours -
Asantehene receives 28 looted artefacts
12 hours -
CAF WCL 2024: Ghana’s Thelma Baffour wins title with TP Mazembe
13 hours -
Benjamin Boakye slams politicisation of energy sector issues and ECG’s inefficiencies
13 hours -
Erastus Asare Donkor and Dr Neta Parsram win big at 10th Mining Industry Awards
13 hours -
Government is “suppressing information” about power sector challenges – IES Director
14 hours -
Majority of our debts caused by forex shortfall – ECG Boss
14 hours -
Pan-African Savings and Loans supports Ghana Blind Union with boreholes
14 hours -
Bole-Bamboi MP Yussif Sulemana donates to artisans and Bole SHS
15 hours -
Top up your credit to avoid potential disruption – ECG to Nuri meter customers
15 hours -
Dutch & Co wins 2024 Entrepreneur of the Year Award
15 hours