Month: October 2024

Isle of Man Gambling Regulator Responds to UN Report Alleging Links to International Cyber Crime

Isle of Man Gambling Regulator Responds to UN Report Alleging Links to International Cyber Crime

Posted by | Oct 31, 2024 | |

A recent United Nations report has cast the Isle of Man’s regulatory standards in a critical light, suggesting that its online gambling environment may be inadvertently supporting cybercrime and large-scale money laundering activities led by criminal organisations in Asia. According to the report, the Isle of Man was mentioned negatively 25 times, with accusations that the island’s casinos might be part of a “transnational laundromat” for proceeds from extensive scam compounds operating in Southeast Asia’s “Golden Triangle”—a region encompassing Myanmar, Cambodia, and Laos, notorious for its high levels of organised crime. In response, Mark Rutherford, the Acting Chief Officer...

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New Collaborative Initiative by AGA, BGC, and ECA to Address Gambling Challenges

New Collaborative Initiative by AGA, BGC, and ECA to Address Gambling Challenges

Posted by | Oct 11, 2024 | |

In a major move for the global gaming landscape, the American Gaming Association (AGA), Britain’s Betting & Gaming Council (BGC), and the European Casino Association (ECA) have forged a three-way partnership aimed at tackling pressing industry issues. This collaboration is anchored by a newly signed memorandum of understanding, which outlines a commitment to uphold industry values while focusing on key priorities such as illegal gambling, responsible gaming, innovation, and security. The alliance will establish a collaborative framework for joint research initiatives, enabling the partners to pool their expertise and resources effectively. Their first major initiative is a law enforcement...

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