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Anti money laundering, Arrotino (SKS365) at AML EXPO: “The operators of public gaming are the first guardians of legality against criminal infiltrations”

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Anti money laundering, Arrotino (SKS365) at AML EXPO: “The operators of public gaming are the first guardians of legality against criminal infiltrations”Reading Time: 3 minutes

 

Attending the Expo also Prof. Razzante, President of the Italian Association of Anti Money Laundering Managers and VP of SKS365 supervisory body: “Gaming attracts criminality just as public procurements, housing and garbage management, but the prejudice on its ‘morality’ hurts the system.”

A second appointment for AML EXPO – this time in Milan – where specialists and Gaming professionals have gathered to refer on the state of the art of the sector, its technological achievements (both digital and normative), against money laundering, issue at the center of the debate organized by White List Warranty and Acuris Risk Intelligence.

After attending last May in Rome, Antonio Arrotino, AML Manager and MLRO of SKS365, has rekindled the issues concerning the risks of organized crime infiltrations in the gaming sector, underlining how operators must aim at a conjunct and shared operations in order to reduce the vulnerability of the system.

Organized crime looks at the gaming sector as a profitable opportunity and for this reason tries to unduly enter the segment by methods that range from extortion to the creation of actual parallel networks, from the alteration of slot machines to the manipulation of sport events (match fixing) – stated Arrotino, which is also Responsible for the games segment at the Italian Association of Anti Money Laundering ManagersMoreover, if we also add individual offences (frauds, theft of sensible data, etc..) and understand that this is a billion Euro “market”, precisely 105 in 2018, the extension of this risk is under the eyes of all.

If users and, in general, consumers are the first victims – often unaware – of these mechanisms, the legal industry is strongly exposed and damaged not only economically, but also in the image and perception of security. The latest advances in technology and regulation, combined with a renewed awareness that is becoming increasingly present in the sector, put in each operator’s hand a valuable opportunity to become the first guardian of legality. Here, the key words are: prevention, collaboration and control.

We need cohesion among all actors involved. We need to share the same commitment against illegality, not just as a simple daily routine but as an ethical mission and responsibility at all levels: inside and outside companies, on and offline, towards customers and alongside the institutions – continued ArrotinoAnti-money laundering facilities are valid as control and protection systems, but behind these devices are people: specialists, officials and experienced professionals. The first step is to fill the gray areas, defend the boundaries of legality and make common front against an enemy now increasingly prepared and – therefore – extremely dangerous.

The numbers presented go precisely in the direction expressed by Arrotino: “The SOS, or Reports of Suspicious Operations (‘Segnalazioni di Operazioni Sospette’ in Italian), are very useful to start financial and, if necessary, investigative actions. In 2017, 2,600 SOSs were filed to the UIF – “Financial Information Unit” (‘Unità Informazioni Finanziarie’) and forwarded by gaming service providers. By comparison, there were 5,067 in 2018 and just in the first half of 2019 we are at over 3,000 (out of a total of 51,201 sent by all the obliged parties). This does not mean that crime has increased, it means that attention has indeed increased, and this bodes well for the year about to end.

The system of money laundering prevention and related financing of Italian terrorism is among the best in the world and its authorities are among the most attentive and consulted, especially from European counterparts – quoted Ranieri Razzante, President of the Italian Association of Anti Money Laundering Managers, Professor of anti money laundering Legislation at the University of Bologna and VP of the supervisory body at SKS365, one among the AML EXPO speakers – the history of organized crime infiltrations in the gaming market must be kept out of the rhetoric that necessarily sees the complicity of sector operators with respect to the phenomenon. I can guarantee – adds RazzanteThat the studies done so far and the results of concrete investigations give us an obvious fact: the gaming sector attracts organized crime as much as procurement, construction, waste disposal and many others. In this sense, anti-mafia controls planned in Italy are indeed penetrating, but it’s the prejudice about the ‘morality’ and structural stability of this market that really hurts the system. Lastly, it should not be forgotten that the gaming sector is one of the main Italian tax payer entities and that it has state-of-the-art internal control mechanisms, so that in the last year alone, reports of suspicious transactions received by the FIU have doubled compared to 2018, exceeding by far those of the entire sector of the freelancers. For years – concludes Prof. RazzanteI’ve been supporting the urgency of creating a regulatory review that will finally lead to the drafting of a ‘single normative text on games’, since the legislative framework on this delicate subject is still too cumbersome.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Anti money laundering, Arrotino (SKS365) at AML EXPO: “The operators of public gaming are the first guardians of legality against criminal infiltrations”

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Week 16/2024 slot games releases

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Here are this weeks latest slots releases compiled by European Gaming

Habanero, is introducing the Reel Rewards feature in its new 6×3 reel slot Golden Taj Mahal. Paying homage to Indian culture, the game sees tigers, candles, precious gemstones, the prince and princess as well as the magic lamp Wild fill the grid as the slot’s symbols. At the top of the board, there are six empty spots which can be filled by the Reel Rewards mechanic on any spin, awarding a prize ranging from 2x, 3x or 5x multipliers to a Wild, which transforms all symbols below it.

 

After releasing the frenzy of a slot game that was Brick Snake 2000, the award-winning slot provider is now set to release Tombstone No Mercy an upgraded refresh of its 2019 hit slot, Tombstone. The 2024 refresh stays true to the original game and introduces Nolimit Bonus Buys and Nolimit Booster into the mix. With the introduction of Nolimit Bonus Buys, players can buy right into the bonus rounds; Justice Spins, Gunslinger

 

 

Games Global exclusive studio PearFiction Studios has unveiled its latest release, Cerberus Gold, incorporating three engaging LockNWin bonuses that can be combined for great win potential. This mythological title boasts an exciting triple collection mechanic that sees each collection pot protected by a head of the fearsome guardian of the underworld, Cerberus, who precariously sits above the reel set.

 

4ThePlayer in collaboration with Yggdrasil is unveiling its new release, 4K Ultra Gold MoneyWays, through the YGG Masters platform. This game evolves 4ThePlayer’s popular MoneyWays mechanic as seen in the top-performing 4 Fantastic series where cash on the reels is won by forming ways wins without the need for additional symbols or features. In 4K Ultra Gold, every cash symbol is boosted when it lands on the reels, creating additional excitement and anticipation.

 

Push Gaming has released the second in its series of DJ games, DJ Cat, which brings a range of new features to amp up engagement. Following the success of DJ Fox, this new follow-up retains the easy-to-understand, win-what-you-see gameplay, adding in larger win multipliers. Lining up CD symbols helps players to build big prizes while VIP icons grant access to spin the decks and feed the Multiplier Meter. Arrow symbols crank the volume and unlock more reels using the iconic Push-Up feature.

 

Inspired Entertainment is thrilled to announce its latest slot game, Spin 2 Riches™, now available the UK B3/LBO market. Offering players an unparalleled gaming experience filled with mystery symbols and Fortune Spins. Spin 2 Riches invites players to embark on a thrilling adventure where every spin brings the promise of untold riches.

 

PG Soft, a world-class digital mobile games company, is on target again with its latest fun-filled game release, Piñata Wins. Set against a vibrant fiesta backdrop, Piñata Wins is a five-reel and three-row title offering players a colourful gaming experience with plenty of features with an opportunity to make big returns from multipliers up to x100. The reels are brought to life with symbols that celebrate Mexican culture including tacos, maracas, skulls, sombreros and chillies.

 

Endorphina, has announced the release of its latest slot game, Moon Tiger, on April 17th. Featuring 5 reels, 3 rows, 25 fixed paylines, and cool bonuses, the slot will soon join Endorphina’s portfolio of over 150  games. Inspired by Chinese mythology, this slot embodies the legendary White Tiger, a creature born from a rare occurrence in the heavens.

 

Blueprint Gaming is inviting players to live like royalty and reign over Phrygia in its latest scatter-pay release, the Greek mythology-themed Midas King of Gold. Players attempt to turn every touch into gold in this 6×5 scatter pays title, with the King himself appearing in symbols on the game’s richly coloured board alongside royal pillars and ancient artifacts.

 

Playson, the fast-growing digital entertainment supplier, has combined the striking themes of its most successful games in its latest title Energy Joker: Hold and Win. With coins, electricity and a grinning joker, this fast-paced release has lightning running through its reels. The blue Collect feature strikes the cells and gathers all values, including the Mini, Minor and Major jackpots and Bonus symbols.

 

 

Spinomenal has released its new hit, Queen of the Amazon. Set amongst the lush rainforest, this 5×4 slot welcomes players on an adventure where treasure awaits intrepid explorers. A majestic Amazon headdress, tiger, gorilla, and snake, make up the Medium symbols on the reels. At the heart of the story stands the queen herself, representing the Wild symbol.

 

 

Embark on a thrilling journey across continents in 80 Day Escapade, the dramatic new slot from Boldplay that offers multiple features for endless excitement and rewards. With its 5×3 reels and 243 ways to win, players will enjoy a world of adventure and fortune but the real excitement begins with the set of exciting bonus features.

 

 

The post Week 16/2024 slot games releases appeared first on European Gaming Industry News.

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Casino Guru’s Complaint Resolution Center Leads Industry in 2023

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Casino Guru’s Complaint Resolution Center leads industry in 2023, saving players over $11 million

Casino Guru’s Complaint Resolution Center continues to set the standard for excellence in the online gambling industry, achieving remarkable milestones in 2023 and reaffirming its commitment to player advocacy and fair gaming practices.

In the past year alone, the Complaint Resolution Center received over 14,000 complaints from players worldwide, a testament to its reputation as a trusted platform for addressing player concerns. Of these, over 12,000 were accepted, underscoring the Complaint Resolution Center’s dedication to providing a voice for players and addressing their grievances. Throughout the year, Casino Guru’s team successfully resolved 3,428 complaints, resulting in an astounding USD$11,279,425 in saved funds for players. This achievement reflects the Complaint Resolution Center’s unwavering commitment to securing favorable outcomes for players and ensuring a fair and transparent gaming environment.

Notably, Casino Guru’s Complaint Resolution Center stands out from its competitors such as AskGamblers by accepting almost all complaints received; a significant difference that underscores Casino Guru’s dedication to prioritizing player concerns and advocating on their behalf. By comparison, AskGamblers reported saving USD$9,031,914 for players with 3,565 accepted complaints while Casino Guru’s comprehensive approach led to saving USD$11,279,425 with 12,161 complaints accepted for resolution.

Aside from monetary savings, the Complaint Resolution Center also boasts other significant achievements. With an average resolution time of 17 days and the fastest resolution completed in just 48 minutes, Casino Guru demonstrates efficiency and responsiveness in addressing player concerns. Additionally, the Complaint Resolution Center resolved the longest open complaint, active for 287 days, showcasing its commitment to seeing cases through to a satisfactory resolution. Moreover, the Complaint Resolution Center successfully resolved the complaint with the highest value, amounting to USD$1.99 million, further highlighting its dedication to addressing all levels of player grievances.

Petronela Kontos, Complaints Team Lead at Casino Guru, commented on the Center’s achievements: “We are proud to lead the industry in providing a platform where players can voice their concerns and seek resolution. Our commitment to fairness and transparency drives us to continually improve and deliver exceptional results for players worldwide.”

In addition to its outstanding performance in 2023, Casino Guru’s Complaint Resolution Center has achieved significant milestones over its lifetime. With over 37,000 complaints received and more than $25 million recovered for players, the Complaint Resolution Center has become a trusted resource for players seeking resolution to their issues.

As the Complaint Resolution Center continues its mission of empowering players and advocating for fairness within the online gambling industry, it remains dedicated to providing exceptional service and ensuring that players’ voices are heard and their concerns addressed with integrity and transparency.

The post Casino Guru’s Complaint Resolution Center Leads Industry in 2023 appeared first on European Gaming Industry News.

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Evoplay strikes distribution agreement with Light & Wonder

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Evoplay, the award-winning game development studio, has leveraged its position across Europe by taking its portfolio live with Light & Wonder’s leading aggregation platform.

Through this latest launch, over 100 of the provider’s dynamic titles will be made available on Light & Wonder’s global operator network including its Penalty Shoot-out instant game as well as top-performing slots The Greatest Catch Bonus Buy and Hot Triple Sevens.

The integration will see Evoplay boost its presence across a plethora of territories in Europe, including MGA-regulated markets, Italy, Portugal, the Balkans and the Baltics, where Light & Wonder’s platform is a top choice for tier-one operators.

Evoplay’s latest agreement underscores its commitment to becoming a leading supplier across Europe and follows significant commercial expansion in several key markets.

Ihor Zarechnyi, CBDO at Evoplay, said: “Evoplay’s latest landmark deal serves as a testament to the power of our dynamic portfolio. As we continue to excel across markets worldwide, we are delighted that Light & Wonder recognised the quality of our games and took them live on its platform.

“Light & Wonder has a vast market reach, which allows us to greatly expand our footing in Europe. Additionally, once we obtain the Canadian licence, we look forward to introducing our innovative content to an even wider audience of players.”

James Bustin, Commercial Director at Light & Wonder, added: “Thanks to its commitment to differentiation, Evoplay’s offering has proven to captivate players across Europe and we anticipate its games will perform just as well with our operator network.

“Forging new content agreements with suppliers such as Evoplay allows us to continue delivering fresh and exciting experiences to the market whilst elevating studios to an even bigger reach.”

The post Evoplay strikes distribution agreement with Light & Wonder appeared first on European Gaming Industry News.

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