Betway Ghana has organized a workshop to engage and educate stakeholders to improve compliance with regulations in the sport betting industry. The event was held at the Best Western Pluss Atlantic Hotel at Takoradi on 27 January 2022.
The workshop which focused on compliance in the sports betting industry brought over 15 participants, made up of representatives from the Gaming Commission, Financial Intelligence Centre and Cyber Crime Unit- Ghana Police Service participated in the workshop.
The workshop created a platform for the various stakeholders to share views and information on, the betting landscape in Ghana, Anti Money Laundering (AML) & Combating Financing Terrorist (CFT) Compliance and Data Protection Compliance.
Dr. KwakuAinooson, Director Betway, explained mechanisms put in place on the online platform to help control and monitor underage betting, financial risk and other suspicious activities. He also mentioned that Betway would continue to subject itself to regulatory compliance.
“We have a very experienced and well diversified risk and fraud team that is capable of identifying risk elements from an abuse and money laundering perspective. The risk team executes certain risk and AML reports to identify any risk of Money laundering, such as identifying the customers with little to no wagering” he said.
Assessments are performed on those accounts, in order to identify and mitigate any potential money laundering activities that may present itself through the investigation.”
District Commander of the Ghana Police Service, DSP Isaac Kumnipahalso highlighted his commitment to push a collaborative effort to combat emerging cyber fraud in the Ghana gaming industry.
Similar sessions will be held with the media and other stakeholders across the country in the coming weeks.
