Money Laundering

The Sportingbet Group has chosen to instigate best practice policies, procedures and structures to improve its handling of Money Laundering Issues and Know Your Customer practices.

These practices have been drawn-up to work within the best practice principles and guidelines supplied from several international Standards, Directives and Acts.  These include:

• FATF’s 40 recommendations (Financial Action Task Force, European Inter-governmental body);

• EU Directives;

• The Patriot Act (Signed into law on Oct. 26, 2001);

• The USA Patriot Act (Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism) was a response to the terrorist attacks of Sept. 11, 2001); and

• The Antiguan Money Laundering Guidelines for Financial Institutions.
  

The specified policies and reporting procedures, along with the implied quality standards, apply internationally across the Sportingbet Group.