{"id":5276,"date":"2023-07-21T11:56:47","date_gmt":"2023-07-21T11:56:47","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2023\/07\/21\/betway-makes-strides-against-money-laundering-in-online-gambling-sector-with-egba-partnership\/"},"modified":"2023-07-21T11:56:47","modified_gmt":"2023-07-21T11:56:47","slug":"betway-makes-strides-against-money-laundering-in-online-gambling-sector-with-egba-partnership","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2023\/07\/21\/betway-makes-strides-against-money-laundering-in-online-gambling-sector-with-egba-partnership\/","title":{"rendered":"Betway Makes Strides Against Money Laundering in Online Gambling Sector with EGBA Partnership"},"content":{"rendered":"<div>\n<p>Betway, a global online betting and gaming brand, has become the first business outside of the European Gaming and Betting Association\u2019s (EGBA) membership to accept the organization\u2019s pan-European anti-money laundering (AML) rules. This crucial step demonstrates Betway\u2019s firm commitment to preventing financial crime in Europe\u2019s online gambling industry.<\/p>\n<p>As the European Union\u2019s leading trade association for the online gambling industry, EGBA spearheaded the development of these guidelines to strengthen the industry\u2019s collective efforts in combating money laundering while ensuring full compliance with the most recent AML regulations in the European Union. These guidelines, which will be published in March 2023, will provide operators with practical and personalized suggestions in areas including as customer and company risk assessments, customer due diligence processes, suspicious transaction reporting, and record-keeping.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative mb-10\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/katsubet.partners\/p49d913a1\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Katsubet\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Katsubet.png\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative\">\n\t\t<a href=\"https:\/\/katsubet.partners\/p49d913a1\" title=\"Katsubet\" target=\"_blank\" rel=\"nofollow noopener\">Katsubet<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>5BTC or 111% + 111 Free Spins!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive 111% Welcome Bonus  + 111 Free Spins in Aztec Magic Deluxe\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/katsubet.partners\/p49d913a1\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The recommendations take a risk-based approach, giving operators with a clear roadmap for adhering to the EU\u2019s many AML requirements, including the upcoming AML Regulation. The EGBA assembled a team of leading compliance professionals to design these standards, taking existing best practices and future advancements in the area into account to ensure a complete and forward-thinking framework.<\/p>\n<p><strong><a href=\"https:\/\/igaming.org\/sports-news\/betway-bet365-and-fanduel-pledge-investment-in-athlete-education\/\" target=\"_blank\" rel=\"noopener\">Betway<\/a><\/strong> will automatically incorporate the guidelines into its operations as part of its commitment to the EGBA\u2019s effort. Furthermore, the company shall provide the EGBA with yearly reports outlining its success in implementing the AML rules. This reporting system promotes transparency and responsibility among all participating organizations while also acting as a vehicle to track the guidelines\u2019 successful implementation. Furthermore, participants will meet once a year to discuss their progress and make any required changes.<\/p>\n<p>Betway CEO Anthony Werkman stated his delight in the company\u2019s entire commitment to joining and adhering to the EGBA AML Guidelines. Werkman stated that Betway is eager to collaborate with the EGBA and other industry partners to exchange best practices and strengthen collaborative efforts to combat money laundering and financial crime.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative mb-10\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/mirax.partners\/a5279d0cf\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Mirax Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Mirax-Casino.png\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative\">\n\t\t<a href=\"https:\/\/mirax.partners\/a5279d0cf\" title=\"Mirax Casino\" target=\"_blank\" rel=\"nofollow noopener\">Mirax Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus &#8211; 350% bonus on your first deposit up to 5BTC\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/mirax.partners\/a5279d0cf\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Dr. Ekaterina Hartmann, Director of Legal and Regulatory Affairs at the EGBA, expressed joy at the addition of Betway to the list of companies that have adopted the anti-money laundering criteria. The brand\u2019s choice to join demonstrates its commitment to maintaining the highest AML compliance standards. Dr. Hartmann stressed the need of encouraging other operators who are not now EGBA members to follow suit and adopt the principles. The association urges interested operators to contact them and join the joint effort to raise AML standards across the industry.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/casino-news\/betway-makes-strides-against-money-laundering-in-online-gambling-sector-with-egba-partnership\/\">Betway Makes Strides Against Money Laundering in Online Gambling Sector with EGBA Partnership<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Betway, a global online betting and gaming brand, has become the first business outside of the European Gaming and Betting Association\u2019s (EGBA) membership to accept the organization\u2019s pan-European anti-money laundering (AML) rules. This crucial step demonstrates Betway\u2019s firm commitment to preventing financial crime in Europe\u2019s online gambling industry. As the European Union\u2019s leading trade association [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-5276","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/5276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=5276"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/5276\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=5276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=5276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=5276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}