iGaming Business

WHAT SHOULD YOU DO TO COMPLY WITH REGULATIONS ACROSS

EUROPE?

Roger Parkes5 March 2014

© Copyright Gambling Integrity Services

REGULATORY COMPLIANCE

iGaming Business

Minimise reputational risk

© Copyright Gambling Integrity Services

Recognise multi-jurisdictional operation includes regulatory oversight

• Regulators talk to each other!• Reputation is fragile• A strong reputation breaks down

barriers

iGaming Business

Minimise reputational risk

© Copyright Gambling Integrity Services

Know your business through internal resourcing and review

• Be aware of regulatory differences• Plan changes and understand the implications• Commit to process

iGaming Business

Minimise reputational risk

© Copyright Gambling Integrity Services

Be pro-active

• Make compliance part of the process• Invest in knowledge and training• Communicate

iGaming Business

Ensure financial & corporate

transparency

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Improve regulatory relationships

• Develop a level of trust• Provide solutions to regulators not just issues• Develop contacts

iGaming Business

Ensure financial & corporate

transparency

© Copyright Gambling Integrity Services

Know your regulations

Legislation, regulations, technical standards, guidance, reporting requirements, AML/CTF, advertising

iGaming Business

Ensure financial & corporate transparency

© Copyright Gambling Integrity Services

Invest in internal systems

• Develop compliant processes – spread the ownership

• Manage compliance – don’t do it!• Internal audit and evidence

iGaming Business

Work out the difference between online and offline

© Copyright Gambling Integrity Services

Are the issues/risks the same?

• By sector/theme?• KYC, AML, Fraud, Responsible Gambling

& Player Protection

iGaming BusinessWork out the difference between online and

offline

© Copyright Gambling Integrity Services

Are the solutions the same?

• How do you manage those risks?• What are the costs of managing the risks and are they

appropriate for the business?

iGaming Business

Make sense of the 4th AML Directive

© Copyright Gambling Integrity Services

What is it trying to achieve?

• Fundamental changes from the 3rd

• Who is covered?• Implications

iGaming BusinessMake sense of the 4th AML

Directive

© Copyright Gambling Integrity Services

Risk / Threshold or both?

• How will it apply to gambling• Guidance from the regulators

iGaming Business

Adopt a holistic approach to compliance

© Copyright Gambling Integrity Services

Meet your compliance team

• What do they do?• Where do they sit?

THOMSON REUTERS SCREENING SOLUTIONS ROB DUNCAN, SCREENING SALES SPECIALIST,

5 MARCH 2014

• Aircraft Hijacking/Aviation Crimes

• Arson• Arms Trafficking• Bribery and Corruption• Counterfeiting and Piracy of

Products• Currency Counterfeiting• Cybercrime/Hacking/Phishing• Environmental Crimes• Extortion• Falsifying Information on Official

Documents• Forgery• Fraud/Embezzlement/Theft/

Cheating• Tax Evasion/Tax Fraud• Hostage Taking/Kidnapping

(Political or Terror Related)• Human Trafficking• Illicit Trafficking in Stolen and

Other Goods• Insider Trading and Market

Manipulation• Migrant Smuggling/Slave Labor• Money Laundering• Narcotics Trafficking (Production

and Distribution)• Organized Crime• Pharmaceutical Product

Trafficking/Illegal• Distribution/Illegal

Production/Banned/Fake Medicines

• Piracy (Sea)• Price Fixing/Illegal Cartel

Formation/Antitrust• Violations• Racketeering• Robbery (Only High Value)• Securities Fraud• Sexual Exploitation of Children

(for Financial Benefit)• Smuggling (Including in Relation

to Customs and• Excise Duties and Taxes)• Terrorism/Terror Financing• War Crimes

Risk-Based Data: World-CheckWorld-Check data is focused on Risk-Based Intelligence. Data inclusion based on preventing financial crime.

World-Check Database Statistics

240+ countries & territories covered

World-Check Database Statistics

Less than 3% of our terrorism coverage is derived from official lists. World-Check clients benefit from 60,000+ more records that reveal human terror networks.

3% official lists

97% uncovered by World-Check

PEP screening is not enough to ensure compliance. 50% of our intelligence is made up of non-PEP information, highlighting the need for a risk-based approach that matures beyond PEP screening

50% non-PEP

50% PEP

Average new risk profiles per month:

20,000+Average updated profiles per month:

40,000+

Advanced FeaturesSimplify Remediation – Save Time & Money

WORLD-CHECKPREMIUMPREMIUMPLUS

FIELD UPDATES – alerts users to key changes in the profiles by tagging updated fields

WEAK ALIAS FIELD – highlights all low quality aliases

PEP SUB-CLASSIFICATION – rank peps according to predefined categoriesUPDATE CLASSIFICATION – distinguishes the type of change last made, highlighting the significanceNATIVE CHARACTER NAMES – search and filter names in 50+ non-latin character sets and chinese commercial codes

ONLINE & DATA-FILE USERS

Thomson Reuters AccelusScreening Offerings for World-Check

• Date Feed– Full World-Check data with customisable download options, highly secure,

updated twice daily, XML/CSV• Web/Cloud/Hosted

– Single or batch name checks, ongoing monitoring, online portal• Internally installed

– Single name checks, batch screening, case management, behind firewall• API• Partner platforms for bespoke needs

CONTACT USTO DISCUSSBEST FIT

THOMSON REUTERS SCREENING SOLUTIONS ROB DUNCAN, SCREENING SALES SPECIALIST,

5 MARCH 2014

iGaming Business

© Copyright Gambling Integrity Services