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AUSTRAC further strengthens international partnerships with signing of MOU with UK Gambling Commission

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austrac-ukgc AUSTRAC further strengthens international partnerships with signing of MOU with UK Gambling CommissionReading Time: 2 minutes

 

AUSTRAC and UK Gambling Commission have strengthened their cooperation in the fight against serious financial crime and terrorism financing through the signing of a regulatory Memorandum of Understanding (MOU) in London.

The MOU between AUSTRAC and the Gambling Commission will enable both agencies to share regulatory and compliance information to strengthen the international financial system against transnational crime, including money laundering, terrorism financing, corruption and other serious crimes.

AUSTRAC has regulatory MOUs with other partners in the United States, Canada, New Zealand and China.

Gambling Commission Executive Director, Mr Richard Watson, welcomed the enhanced cooperation and information sharing this MOU will provide between the two agencies.

AUSTRAC CEO, Ms Nicole Rose PSM said the MOU is an important step in the fight against financial and serious crimes, and confirms the commitment by both agencies to the exchange of financial intelligence information.

“Financial crime is a global issue,” Ms Rose said, “It is critical we work together with our international partners to tackle this issue”.

“The signing of this MOU brings the number of jurisdictions AUSTRAC shares regulatory intelligence with to five. This is in addition to its MOUs with 93 financial intelligence units in the global network – further strengthening AUSTRAC’s international network to track illicit funds across the globe”.

AUSTRAC intends to sign MOUs with other regulators in the United Kingdom in early 2020, including the Financial Conduct Authority and Her Majesty’s Revenue and Customs.

 

About AUSTRAC:

AUSTRAC uses financial intelligence and regulation to disrupt money laundering, terrorism financing and other serious crime.

AUSTRAC’s dual regulatory and intelligence functions work hand in hand to protect Australia’s financial system.

Serious crime is motivated by profit, and no matter the size, almost all criminal acts leave a financial trail and AUSTRAC has the right tools and expertise to follow these trails.

Our regulatory function ensures we get high quality data and entities comply with their obligations. It requires the financial sector to put in place systems and controls that protect them from criminal abuse, while also reporting on financial transactions and suspicious activity.

This reporting provides AUSTRAC’s intelligence analysts with the information they need to identify risks and develop intelligence products that support law enforcement and national security operations and investigations.


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: AUSTRAC further strengthens international partnerships with signing of MOU with UK Gambling Commission

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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DERMALOG Fever Check at the Wiesbaden Casino

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Wiesbaden-1200x800-1 DERMALOG Fever Check at the Wiesbaden Casino
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After a mandatory corona break of several weeks, casinos and gambling resorts in Germany are reopening. Operators have to comply with numerous hygiene regulations to minimize infection risks for customers and employees. This is why German Wiesbaden Casino has opted for DERMALOG’s non-contact fever detection.

With its Fever Detection Camera, DERMALOG has developed a solution that measures body temperatures fast and accurately when walking by and can significantly reduce the risk of infection spreading in many areas. The Wiesbaden Casino has chosen the company’s system as part of its hygiene concept.

At the entrance of the prestigious casino, customers have to make the contactless fever check by DERMALOG before entering. The camera measures body temperature within one second by scanning people’s faces using state-of-the-art sensor technology. If an increased temperature is detected, the system displays an alert message. The solution sets data protection standards by measuring without capturing or storing any personal data. High accuracy, even from a distance of up to 2 meters, is another advantage of the camera. As an option, DERMALOG’s temperature check includes automated mask detection. If an area requires the use of face masks, the DERMALOG solution kindly advises people without appropriate protection to wear one.

“In these times, health protection for our guests and employees has absolute priority. The Fever Detection Camera makes a significant contribution here,” says Andreas Krautwald, managing director of the Wiesbaden Casino.

DERMALOG’s thermal camera is already being used in more than 60 countries. The “Made in Germany” system protects retail stores, offices, manufacturing halls, sports grounds, events, hotels, banks, public authorities and many other locations.


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: DERMALOG Fever Check at the Wiesbaden Casino

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Esports Entertainment Group Appoints Damian Mathews as Chairman of Audit Committee

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Esports-Entertainment-Group-with-Global-Speedrun-Association-2 Esports Entertainment Group Appoints Damian Mathews as Chairman of Audit Committee
Esports-Entertainment-Group-with-Global-Speedrun-Association-3 Esports Entertainment Group Appoints Damian Mathews as Chairman of Audit CommitteeReading Time: < 1 minute

 

Esports Entertainment Group, Inc., a licensed online gambling company with a focus on esports wagering and 18+ gaming, appointed Damian Mathews, who was elected to the Company’s Board of Directors on June 3, 2020, as Chairman of its Audit Committee.

Mathews, who served as Chief Financial Officer of the Qatar and Abu Dhabi Investment Company, brings more than 25 years of experience to his role at Esports Entertainment Group. Previously, Mathews was a Director at NZ Pacific Investments Ltd and held senior finance positions with Commonwealth Bank of Australia Group, ABN AMRO, Royal Bank of Scotland, and Credit Suisse First Boston. Mathews began his career at KPMG in London where he qualified as a chartered accountant after earning a Bachelor of Science in economics and politics from the University of Bristol.

“We are excited to welcome Damian to our team at this important point in Esports Entertainment’s continued evolution,” commented Grant Johnson, CEO of Esports Entertainment Group. “His wealth of experience in finance, garnered over the last 25 years at major financial institutions, will provide immeasurable benefit as we scale operations and grow our institutional shareholder base.”

Mathews stated, “I am delighted to be joining the Board of Esports Entertainment Group at such a pivotal and exciting time in the company’s development.  Following the NASDAQ listing the company is in a great position to build out and expand its platform and service offerings across international markets.  As a Board member and Chair of the Audit Committee I look forward to providing leadership, support and oversight to the talented team at Esports Entertainment Group.”


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: Esports Entertainment Group Appoints Damian Mathews as Chairman of Audit Committee

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Cloudbet Innovates Around UFC 250 With In-Play Betting & Best Prices

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Amanda-Nunes Cloudbet Innovates Around UFC 250 With In-Play Betting & Best Prices
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Amanda Nunes is fighting to preserve the longest winning streak in the women’s UFC this weekend, and Cloudbet is offering a swathe of betting options to excite players as they watch history unfold.

Players will be able to use in-play betting at Cloudbet to place new wagers between rounds on Nunes’ featherweight title defence against Felicia Spencer. The pioneering bitcoin sportsbook is aiming to offer the world’s best prices — with margins as low as 2% — on this fight and the rest of the UFC 250 card.

Nunes won her featherweight title by knocking Cris Cyborg out during UFC 232, and players can bet on the same outcome for Felicia Spencer, thanks to new prop markets from Cloudbet. Up to 28 prop markets are available per fight this weekend, on outcomes including win by KO/TKO and in which round a bout will end.

Props betting currently represents the fastest-growing engagement sector in global sports betting. As a result, Cloudbet is innovating its product set across UFC, where technical-outcome performance betting is in increasing demand.

“All eyes will be on whether Amanda Nunes can make history,” a Cloudbet spokesman said. “We’re trying to create maximum engagement and excitement around that fight and the rest of UFC 250.”

In addition to the enhanced UFC offering, the Cloudbet casino recently partnered with Relax Gaming to offer legendary UFC ring announcer Bruce Buffer’s very own MMA-inspired slot game. The “It’s Time!!” slot gives players a chance to win up to 2500x their bet.

Players can expect similar offerings for all upcoming MMA events on Cloudbet, which relaunched itself in late April following its biggest makeover since starting business in 2013. The MMA offerings are among the host of new features introduced on the new Cloudbet.com, along with USDT betting, esports markets and on-site cryptocurrency purchases.

UFC 249 last month marked the return of the competition from its Covid-induced hibernation, and betting operators predictably saw significant MMA business after the two-month layoff. The Ferguson-Gaethje and Cejudo-Cruz title fights were the Cloudbet sportsbook’s biggest events by turnover in the week that UFC 249 took place.

The new Cloudbet supports Bitcoin, Bitcoin Cash and Ethereum, with more new coins on the way. New players are eligible for a sign-up bonus up to 5 BTC/BCH/ETH. Besides MMA, Cloudbet’s sportsbook offers odds on a multitude of markets around the world, while the Cloudbet casino has hundreds of slots and a live-dealer experience with all classic table games.


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: Cloudbet Innovates Around UFC 250 With In-Play Betting & Best Prices

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