Betway engages stakeholders on enhanced regulatory compliance

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Betway Ghana has held a workshop to engage the various stakeholders on how to ensure regulatory compliance in the sports betting industry.

Over 20 participants, made up of representatives from the Gaming Commission, Financial Intelligence Centre and Cyber Crime Unit of Ghana Police Service attended the compliance 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) and Data Protection Compliance.   

 

Country Manager – Operations, Magnus Rex Danquah explained mechanisms 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’s capable of identifying risk elements from abuse and money laundering perspectives. The team executes certain risk and AML reports to identify any risk of money laundering, such as identifying the customers with little to no wagering. Assessments are then performed on those accounts, in order to identify and mitigate any potential money laundering activities that may be detected during investigations.”

Dr. Gustav Yankson, Director, Cyber Crime Unit (Ghana Police Service) also highlighted his commitment to pushing a collaborative effort to combat emerging cyber fraud in the Ghanaian gaming industry.

Similar sessions will be held with the media and stakeholders in Takoradi and Kumasi in the coming weeks.

About the Betway Group

The Betway Group is a leading provider of first-class entertainment across sports betting and casino. Launched in 2006, the company operates across a number of regulated online markets and holds licences in Kenya, Uganda, Ghana, South Africa, Zambia, Mozambique and Nigeria.

Betway prides itself on providing its customers with a bespoke, fun and informed betting experience, supported by a safe and secure environment. Sports Betting Group Ghana Limited powered by Betway is licensed by the Gaming Commission of Ghana.

Betway is also the official principal sponsor of Ashanti Gold SC, Aduana Stars FC and Liberty Professionals FC.

For more information about Betway please visit: www.betway.com.gh

Submit your stories or articles to newsroom@abcnewsgh.com or Whatsapp them to +233 553620623

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