He European Gaming and Betting Association (EGBA) announced that the global operator of iGaming Betway has joined his Pan-European Anti-Money Laundering (AML) Guidelines. This move highlights Betway’s desire to combat money laundering and protect the European gaming industry from financial fraud.
The EGBA is Europe’s leading trade association for iGaming and has developed robust guidelines to bolster the industry’s efforts in the war against financial crime. Its guidelines ensure compliance with the latest AML regulations in Europe, providing practical and industry-specific recommendations to operators in key areas.
The guidelines are designed by experienced compliance professionals in accordance with current best practices and with future developments in mind.
Betway is notably the first company outside of the EGBA membership to sign up to the organization’s guidelines. As part of its participation in the EGBA guidelines, Betway undertakes to provide annual reports to the association, outlining its progress in implementing the guidelines.
This information system guarantees transparency and accountability among EGBA members. In addition, it provides a mechanism to track the progress of companies that are adopting the guidelines.
In addition, Betway will meet with other EGBA participants each year and discuss progress in implementing the guidelines. Finally, the operator will discuss whether revisions will be needed.
EGBA praised Betway’s AML commitment
Dr. Ekaterina Hartmann, EGBA’s director of legal and regulatory affairs, welcomed Betway as a participant in the war against financial crime. He praised the operator for his decision to join the AML guidelines and said that this represents his commitment to upholding the highest standards of AML compliance.
We are determined to encourage acceptance of the guidelines among other operators who are not currently EGBA members and invite interested operators to contact us. Only by working together, across the industry, can we truly raise the bar on AML standards.
Dr. Ekaterina Hartmann, Director of Legal and Regulatory Affairs, EGBA
Meanwhile, Betway CEO antonio worker, said his team is proud to go a step further in their commitment and join and adhere to the EGBA AML guidelines. He promised that his team will collaborate with the rest of the EGBA members and other industry partners to combat financial fraud.
Betway is proud to announce its full commitment to join and adhere to the EGBA AML Guidelines and will work closely with EGBA and other industry partners to exchange best practices and strengthen collective anti-money laundering and financial crime efforts.
Anthony Werkman, CEO of Betway
Speaking of the EGBA, on April 26, he hosted a webinar to represent his new guidelines. A full recording is available on YouTube.
A few days ago, the EGBA also reported that it had reached 45.5 million customers with responsible gambling messages.