Insights
When the Dashboard Makes the Difference
Responsible Gambling and Behavioral Monitoring
Interviewed recently for SBC Americas1 (a gambling industry news service covering the Americas), Odds on Compliance’s John Wellendorf set out structured advice for internet gambling operators.
His commentary reflects the reality of gambling regulation – that many US states have
Why accurate whole-person profiles are the key to fighting financial crime
In a recent article1 in Regulation Asia, Clare Rowley of GLEIF (the Global Legal Entity Identifier Foundation), sets out how comprehensive identification of legal entities and their behaviours is the key to fighting modern and future financial crime.
In fact,
A better way to monitor betting to safeguard institutions, individuals and families
Individual rights are important. None more so than in how to spend our own money.
But simple freedoms are not always as simple as they look. Take gambling. There are few genuinely successful gamblers. And the unsuccessful majority includes a
How digital can make Hawala payments more secure.
Financial services such as money remittance face a simple challenge: how to get money from A to B safely, securely and especially, without abuse of the system by criminals.
A sensitive example is Hawala – an informal money transfer system
6.92 billion potential gamblers, all with online access
For millennia the number of gambling addicts has been largely self-regulating, usually by a tragic journey to bankruptcy or worse.
Not so today. According to Statista, there are approximately 6.92 billion smartphone users in the world today – 85.88% of
Why real Anti-Money Laundering Protection is much more than an IT add-on
Getting ahead of the criminals has long been the holy grail of law enforcement. Anti-Money Laundering (AML) regulation is a perfect example, but it’s also an area where governments struggle to keep up.
Money laundering is a rapidly growing challenge
Revolution or Evolution? Navigating Compliance in Financial Services
The Remittance Market is Changing
URGENT and EFFECTIVE AML is non-negotiable.
The 2023 Basel AML Index has brought to light an alarming escalation in global money laundering and terrorist financing risks. This annual report, emphasizing the urgent need for effective compliance measures, describes a concerning trend: despite robust frameworks, the effectiveness of systems for anti-money laundering...
The Shifting Sands of Financial Risk: Balancing Perception and Reality
In financial services, risk perception is often as significant as the risk itself. A recent report(1) in The Business Times of Singapore reveals growing concerns among Singaporean financial institutions about money laundering risks. This comes in the wake of a major scandal in August 2023,...
Proactive Support: how tech supports vulnerable gamblers
In recent years, the gambling industry has made important strides in addressing problem gambling. Increasingly, the emphasis is on support for those at risk, rather than punitive measures. This shift reflects a growing recognition of the importance of responsible gambling practices and the need to...
How to turn internal audit from a duty to a strength
If you work in the financial services sector and you don’t like the thought of internal audit, perhaps you’re in the wrong business. If that sounds surprising, think about this: what other function provides the opportunity to drill down and analyse an entire transaction from...
