Betway has selected Accuity to streamline its account and payments screening processes and help better identify financial crime risk, highlight potential sanctions breaches and flag potentially high-risk customers.
Tom Golding, Accuity EVP, Risk and Compliance, Product and Strategy, commented: “Money laundering is an increasing concern across multiple industries, and international regulations are becoming tighter as a consequence. For companies in the gaming sector, understanding the risk of doing business is the most important step in protecting themselves from facilitating financial crime.”
By implementing Accuity’s financial crime compliance data and technology, Betway is able to provide significantly more robust customer screening, strengthening the existing Know Your Customer measures that are in place within its business. Betway will be using an Accuity financial crime screening solution, Firco Compliance Link, together with our Global WatchList® data offering – a comprehensive collection of heightened risk lists from all major sanctioning bodies, law enforcement agencies and financial regulators worldwide and including adverse media and enhanced due diligence data.
Anthony Werkman, Betway Director, commented: “Betway operates in multiple regulated markets across the globe and it is important that we are constantly improving our understanding of who our customers are in all jurisdictions. Compliance and anti-money laundering are at the heart of Betway’s growth and vision, which is why this partnership with Accuity is so important.”
Notes for Editors:
Accuity offers a suite of innovative solutions for payments and compliance professionals, from comprehensive data and software that manage risk and compliance, to flexible tools that optimise payments pathways. With deep expertise and industry-leading data-enabled solutions from the Fircosoft, Bankers Almanac and NRS brands, our portfolio delivers protection for individual and organisational reputations.
Part of the RELX Group, one of the world’s leading business information and data providers, Accuity has been delivering solutions to banks and businesses worldwide for 180 years.
Firco Compliance Link is an end-to-end anti-money laundering (AML) compliance solution that streamlines account and payments screening processes. Its flexible platform, unrivalled connectivity, best-in-class data and user-friendly interface make it a one-stop solution for organisations across a variety of sectors.
Global WatchList® is a single source of data for global AML and KYC compliance with a comprehensive collection of caution lists from all major sanctioning bodies, law enforcement agencies and financial regulators worldwide. Accuity continuously collects, normalises and validates data from multiple sanctions and caution list sources from around the world, and enriches this data to reduce false positives and enable the highest level of AML compliance. Firco Global WatchList® can improve AML screening processes by providing uniquely enhanced: PEP lists, Regulatory lists, Enhanced Due Diligence Lists and Dual-Use and Controlled Goods Lists.
About the Betway Group
The Betway Group is a leading provider of first-class entertainment across sports betting, casino, bingo and poker. Launched in 2006, the company holds licenses in the UK, Malta, Italy, Denmark, Spain, Belgium, Germany and Ireland. Based in Malta and Guernsey, with support from London, Isle of Man, Stockholm and Cape Town, the Betway team comprises over 1,000 people.
Betway is experiencing its largest growth in sports betting, with its comprehensive sportsbook product offering customers a wide selection of both pre-game and in-play betting across a broad range of sports. The company has made a strong, targeted investment in both advertising and sports sponsorship.
Betway is the principal sponsor of Premier League football club West Ham United, the UK Premier League Darts and the UK Snooker Championships. It was also title sponsor for last year’s world title boxing fight between Carl Froch and George Groves held at Wembley Stadium. To provide customers with additional expert insight into sports, Betway has partnered with a number of sports ambassadors including sports journalists Sarah Stirk and Simon Hughes (AKA The Analyst), as well as ex-England rugby player Mike Tindall.
Betway is a major sponsor in UK horseracing with its ‘flagship’ race, the Betway Queen Mother Champion Chase at the Cheltenham Festival. In January 2015, it also signed a wide-ranging deal to support four high-profile races in the Flat calendar: the Betway Lincoln Handicap at Doncaster, the Betway Chester Cup at Chester, and two contests at York, the Betway Yorkshire Cup and the Betway Great Voltigeur.
Betway prides itself on providing its customers with a bespoke, fun and informed betting experience, supported by a safe and secure environment. Betway is a member of several prominent industry-related bodies, including ESSA, the Independent Betting Adjudication Service (IBAS) and the Remote Gambling Association (RGA), and is accredited by trusted international testing agency eCOGRA. It is also a partner of the Professional Players Federation (PPF) and is a donor to the Responsible Gambling Trust.
In addition to the flagship Betway brand, the Betway Group operates a number of other brands including Dream Bingo, Bingo on the Box, Spin Casino and the Hippodrome Online Casino. For more information about Betway’s various products and licensed brands, please visit www.betwaygroup.com