Online Gambling Risk Management

Our Games and Betting Offers Risk Management In Online Gambling are provided for entertainment only. Any stakes you place on a Game or Bet (including pre-purchased bingo tickets) are non-refundable as the product is virtual and is instantly consumed. The online gambling industry Determines a threat assessment of the risks of money laundering and terrorist financing through online gambling. Reviews money laundering legislation and regulations as they apply to online gambling. Provides a summary of best practice within the online gambling industry. O nline gambling websites are among the fastest growing and most profitable businesses in existence today. The keys to the business success of the online gambling model are not difficult to see. Compared to traditional land-based casinos, online gambling websites are able to operate at a fraction of the cost, do not require tangible materials or equipment (machines, tables, security cameras, a.

1. Online Gambling Risk Management Companies
2. Online Gambling Risk Management Software

Know Your Customer, commonly known as KYC, is a set of checks that verify customers to guard against financial crime.

KYC is a regulatory requirement in the online gaming industry. Some regulations in this space, include:

• Proceeds of Crime Act 2002 (POCA) (as amended by the Serious Organised Crime and Police Act 2005 (SOCPA));
• Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017); and
• Terrorism Act 2000 (TA 2000) (as amended by the Anti-Terrorism, Crime and Security Act 2001 (ATCSA 2001) and the Terrorism Act 2006 (TA 2006)).

Effective KYC procedures are integrated into the initial customer registration process and function on an ongoing basis. As a user's risk profile can change over time carrying out KYC checks on re-activated players is also good practice.

KYC checks include verification of:

• Age
• Identity
• Source of funds

KYC is an essential element in the daily operations of gaming operators, and is monitored by industry regulators. When companies have a robust KYC system in place it ensures they have a clean database of users and safeguards their licence. It provides peace of mind by preventing customer fraud which can have a devastating effect on the liability of a company.

QGEN specializes in risk management through customer due diligence (CDD). We consult with gaming operators to identify regulatory obligations and implement KYC procedures.

We can help you:

• Prevent fraud
• Increase user conversions
• Speed up multi-jurisdictional client on-boarding
• Improve overall customer experience
• Enhance your compliance unit

Contact us at: info@qgengroup.com

Related posts

Online Gambling Risk Management Companies

Self-reflective Questions for Those at Risk with Online Gambling

Ask yourself the following questions, and reflect on your relationship with gambling.

• Are you preoccupied with gambling?
• Do you forget everything else when you gamble or think about gambling?
• Do you need to bet more money more frequently in order to experience the same excitement?
• Do you become restless or irritated when you have to leave a game?
• Do you often gamble to escape worries or troubles?
• Are you more preoccupied with gambling than you or your family and friends find reasonable?
• Are you convinced that happiness will be yours, or that all your financial problems will be solved if only your winnings were big enough?
• Do you feel that it's only a matter of patience, a question of perseverance before it's your turn to be lucky?
• After losing, do you feel the need to return as soon as possible and win back your losses?
• Do you lie in order to hide your gambling activities from your family and friends?
• Have you ever committed an illegal act, e.g. credit card fraud, theft or embezzlement, to finance your habitat?
• Have you lost, or risked losing your friends or your job, or been forced to drop out of your education, because of gambling?
• Have you been forced to rely on others, e.g. family, friends or an institution, to solve the financial difficulties which result from your gambling?
• Have you tried repeatedly to bring your gambling under control, or to stop completely, without success?

If you feel some additional help alongside Gamban would be helpful, please visit our Get Help page for links to valuable resources and other self-exclusion schemes.

Gamban can help you overcome your gambling habits, but don't just take our word for it, find out what others have said about the software bellow.

Feedback on Gamban…

'If gamban was available then it could have helped my son Ryan, who tragically committed suicide because of a gambling addiction that was allowed to spiral out of control by an uncaring industry. The industry should be made to offer gamban to their customers if they become addicted.' John Myers

• Proceeds of Crime Act 2002 (POCA) (as amended by the Serious Organised Crime and Police Act 2005 (SOCPA));
• Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017); and
• Terrorism Act 2000 (TA 2000) (as amended by the Anti-Terrorism, Crime and Security Act 2001 (ATCSA 2001) and the Terrorism Act 2006 (TA 2006)).

Effective KYC procedures are integrated into the initial customer registration process and function on an ongoing basis. As a user's risk profile can change over time carrying out KYC checks on re-activated players is also good practice.

KYC checks include verification of:

• Age
• Identity
• Source of funds

KYC is an essential element in the daily operations of gaming operators, and is monitored by industry regulators. When companies have a robust KYC system in place it ensures they have a clean database of users and safeguards their licence. It provides peace of mind by preventing customer fraud which can have a devastating effect on the liability of a company.

QGEN specializes in risk management through customer due diligence (CDD). We consult with gaming operators to identify regulatory obligations and implement KYC procedures.

We can help you:

• Prevent fraud
• Increase user conversions
• Speed up multi-jurisdictional client on-boarding
• Improve overall customer experience
• Enhance your compliance unit

Contact us at: info@qgengroup.com

Related posts

Online Gambling Risk Management Companies

Self-reflective Questions for Those at Risk with Online Gambling

Ask yourself the following questions, and reflect on your relationship with gambling.

• Are you preoccupied with gambling?
• Do you forget everything else when you gamble or think about gambling?
• Do you need to bet more money more frequently in order to experience the same excitement?
• Do you become restless or irritated when you have to leave a game?
• Do you often gamble to escape worries or troubles?
• Are you more preoccupied with gambling than you or your family and friends find reasonable?
• Are you convinced that happiness will be yours, or that all your financial problems will be solved if only your winnings were big enough?
• Do you feel that it's only a matter of patience, a question of perseverance before it's your turn to be lucky?
• After losing, do you feel the need to return as soon as possible and win back your losses?
• Do you lie in order to hide your gambling activities from your family and friends?
• Have you ever committed an illegal act, e.g. credit card fraud, theft or embezzlement, to finance your habitat?
• Have you lost, or risked losing your friends or your job, or been forced to drop out of your education, because of gambling?
• Have you been forced to rely on others, e.g. family, friends or an institution, to solve the financial difficulties which result from your gambling?
• Have you tried repeatedly to bring your gambling under control, or to stop completely, without success?

If you feel some additional help alongside Gamban would be helpful, please visit our Get Help page for links to valuable resources and other self-exclusion schemes.

Gamban can help you overcome your gambling habits, but don't just take our word for it, find out what others have said about the software bellow.

Feedback on Gamban…

'If gamban was available then it could have helped my son Ryan, who tragically committed suicide because of a gambling addiction that was allowed to spiral out of control by an uncaring industry. The industry should be made to offer gamban to their customers if they become addicted.' John Myers

'Despite promises to introduce a system where addicted gamblers can ban themselves from all online gambling sites, the industry is still dragging its heels. That's why gamban® must be made available to everyone who needs it.' Carolyn Harris MP

'I want to thank you for creating this software. The fact that you've made it so affordable really shows how much you care about helping people with gambling problems. I have recently installed your software as an aid to prevent problem gambling and it's been effective so far.' Gamban user

'Completely out the way, but nice to know the temptation is removed… I'm free' Gamban user

'I am so happy to have gamban on my android phone. Renaissance aruba resort & casino resort room. It gives me a feeling of security from this horrible addiction I will help you in any way I can as I am so grateful to you for this. Thanks again for the help.' Gamban user

'Thank you so much. Such value for money. I am really pleased, I started to feel that something that started as fun was becoming addictive. Luckily I am stopping this now before it gets too out of control.' Gamban user

'Thanks again for the great programme, I think it has helped me a lot.' Gamban user

'I continue to be grateful to gamban and you in particular for your help and support. It is most appreciated. I can't do it on my own!' Gamban user

Online Gambling Risk Management Software

More feedback: https://uk.trustpilot.com/review/gamban.com