Spelinspektionen hands LeoVegas and ATG SEK2m penalty fees for AML and bonus failings

first_imgFor LeoVegas, in order to examine the operator’s AML practices and policies, Spelinspektionen requested information on the 15 customers who won the most money from January 1 2019, when the Swedish online gambling market opened, to 30 November of that year. This followed the country’s National Risk Assessment of Money Laundering and Terrorist Financing report, which said gambling is at its “highest threat level” of money laundering. After this, LeoVegas reclassified the player’s risk level, but the operator said that this was because information about their source of funds already existed, rather than because of their comments. “By not saving all the data and all the information that has collected when customer awareness measures have been taken, LeoVegas has violated the provisions [of the Anti-Money Laundering Act on documentation and retention of data,” the regulator said.  Four of these customers were considered by the regulator to be at a low risk of money laundering, so much of the investigation focused on the other 11. Spelinspektionen determined that LeoVegas had deficiencies in its documentation policies. ATG said it had been clear about Swedish bonus rules to its third-party bingo supplier, which created the offer. Subscribe to the iGaming newsletter 27th April 2021 | By Daniel O’Boyle In addition, all customer files lack information on whether LeoVegas has checked if the customers could be classed as a politically exposed position, as well as information on whether the operator asked customers where the funds deposited came from. However, LeoVegas said it did make politically exposed person checks, but they were done through a third party. Spelinspektionen hands LeoVegas and ATG SEK2m penalty fees for AML and bonus failings AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter For the other 10, the regulator said documents were marked with incorrect dates, but LeoVegas said that the dates used were the dates the documents were reviewed and saved, rather than entered. LeoVegas argued, however, that this classification reflected the fact that all of these customers had made large wins, and so their funds could be explained. Regulation The regulator said LeoVegas typically keeps a customer file containing documents and information related to the customer, such as estimates of house and car valuations. However, for one of these customers, these documents were missing entirely.  Another player’s net deposits came to SEK82,000. This player was found to have had a criminal conviction and been a member of a criminal organization for ten years. This customer was initially classed as high risk but after income information was collected, was reclassed to medium risk. Money laundering in Swedish gambling has been a hot topic .Last week Gustaf Hoffstedt, secretary general of Swedish trade association Branscheforenigen för Onlinespel (BOS), said that all of the country’s major banking institutions have suspended services they provide to licensed gambling operators, citing money laundering concerns.center_img ATG meanwhile, reported to the regulator that for 48 hours in October 2020, players who purchased bingo tokens would receive free additional bingo tokens. This is in violation of the country’s bonus law, which allows only for introductory bonuses. Because many customers were assessed to be low risk, Spelinspektionen also determined that LeoVegas did not perform sufficient know-your-customer checks on these players. Topics: Legal & compliance Social responsibility Compliance Legal Regulation With Swedish penalties based on the operator’s revenue from the past year, Spelinspektionen opted to hand down a SEK2m fine. Regions: Europe Nordics Sweden In total, 43 players took advantage of the offer and the total value of the free tokens distributed amounted to SEK1,960. The regulator noted that the actions were serious, but added that LeoVegas’ co-operation with the investigation and willingness to take action to combat any failings that were pointed out were mitigating factors. While Spelinspektionen noted that ATG self-reported to issue and took efforts to remedy it, it also considered that the bonus in question directly involved an incentive to gamble more. In addition, it noted that players could take advantage of the bonus as often as they wanted. As a result, it opted to levy a penalty fee of SEK2m. Overall, five of the 11 players were classed as low risk, three a combination of low and medium, two medium and one a combination of medium and high risk. The regulator also examined how LeoVegas classed each customer’s risk level. It noted that one player’s net deposits came to SEK150,000, but was classed as low risk. Swedish regulator Spelinspektionen has handed both LeoVegas and ATG warnings and SEK2m (£171,000/€197,000/$238,000) penalty fees over anti-money laundering (AML) failings related to customers with especially large winnings and bonus violations, respectively. Tags: Spelinspektionen LeoVegas Another customer made total deposits of SEK1.7m, with net deposits of SEK58,000, and was assessed to be of medium risk. This customer told LeoVegas customer service that they would leave the operator if it asks questions about their finances and source of funds.  Spelinspektionen, however, noted that many of these customers had high net deposits after withdrawals were accounted for and should have classified at least two further players as high-risk. Email Addresslast_img read more

Atlantic Leaf Properties Limited (ALPL.mu) 2018 Annual Report

first_imgAtlantic Leaf Properties Limited (ALPL.mu) listed on the Stock Exchange of Mauritius under the Property sector has released it’s 2018 annual report.For more information about Atlantic Leaf Properties Limited (ALPL.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Atlantic Leaf Properties Limited (ALPL.mu) company page on AfricanFinancials.Document: Atlantic Leaf Properties Limited (ALPL.mu)  2018 annual report.Company ProfileAtlantic Leaf Properties Limited is a real estate company incorporated in Mauritius. The company is the first pound dominated Global Business Licence company to be listed on the Stock Exchange of Mauritius. Atlantic Leaf Properties Limited invests in high quality, investment grade real estate assets and companies which deliver solid returns for investors through both income and quality growth. Atlantic Leaf Properties Limited is listed on the Mauritius Stock Exchange as well as the Johannesburg Stock Exchange.last_img read more

New Statesman launches New Media Awards 2006

first_img Howard Lake | 10 February 2006 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The organisers are soliciting entries spanning all uses of new media technology, “from the web to wireless, blog to intranet, digital tv to mobile phone”. Nominations can be made online and you are allowed to nominate your own project. About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Tagged with: Awards Digitalcenter_img  27 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Nominations are now open for this year’s The New Statesman New Media Awards, designed to highlight innovation, usability and efficiency in new media.There are eight awards categories. Although open to for-profit, public and nonprofit organisations, most of the categories would seem particularly suited to entries from the charity and voluntary sectors: · Contribution to civic society award· Modernising government award· Elected representative award · Education award· Independent information award· Advocacy award· Accessibility award· Innovation award Advertisement New Statesman launches New Media Awards 2006last_img read more

Appeal to President Hugo Chávez in the name of media pluralism

first_img News VenezuelaAmericas Follow the news on Venezuela Organisation News to go further Reporters Without Borders calls on President Hugo Chávez, in an open letter, to reverse his decision not to renew the Radio Caracas Televisión group’s licence. The organisation also voices concern about plans to increase the communication and information ministry’s powers. RSF_en Mr. Hugo ChávezPresident of the Bolivarian Republic of VenezuelaCopy to Mr. José Miguel InsulzaSecretary General of the Organisation of American StatesDear Mr. President,Reporters Without Borders is concerned about recent governmental and judicial measures aimed at a number of privately-owned news media. Our organisation fears that these measures will set precedents that will be prejudicial to free expression and press freedom in your country.The most emblematic case in this new wave of tension between your government and the privately-owned press is obviously that of Radio Caracas Televisión (RCTV). You yourself announced on 28 December that the concession that had been granted to Venezuela’s oldest privately-owned broadcast media would not be renewed on 27 May. Despite mediation attempts by the Inter-American Commission of Human Rights (IACHR), which we support, communication and information minister William Lara insisted on 2 January that the decision not to renew the RCTV group’s licence was “irreversible.” He has repeatedly denied that he wants to close it down, but it is hard to see how it could continue to operate without a licence.We are not unaware of the position taken by RCTV and other privately-owned news media during the April 2002 coup attempt. But the decision to withdraw its licence comes nearly five years after these events. Moreover, you yourself suggested, during the recent election campaign that led to your reelection, that the renewal of the concessions of certain privately-owned media, including RCTV, would be put to a referendum. Why then have you unilaterally decided to rescind the licence of Venezuela’s most popular broadcast media? Would its editorial line, one of open opposition to the government, bother you so much if it had fewer viewers? Rather than just a legal problem or a dispute about the date on which licences expire, this particular case raises the issue of media pluralism and the need for an independent press in a democracy.Governments, in a democracy, are meant to be exposed to criticism from the media and, through the media, to criticism from civil society in its entirety. This is why we are worried about the proposal, currently being considered by your government, to give the communication and information ministry (MINCI) sole responsibility for allocating state advertising. As you know, revenue from state advertising is vital to the survival of some news media. Unfortunately, it is used in many countries to reward and punish media according to how critical they are of the government. Rationalising state communication by reinforcing the MINCI’s prerogatives may in itself be a legitimate objective. But it should not be at the expense of the media and their independence.We therefore hope that, in a spirit of dialogue involving all of Venezuelan society, these measures will be debated, amended and revised for the greatest possible benefit to media pluralism and press freedom.I thank you in advance, Mr. President, for the attention you give to this letter.Respectfully,Robert MénardSecretary-General News June 15, 2020 Find out more Receive email alerts January 25, 2007 – Updated on January 20, 2016 Appeal to President Hugo Chávez in the name of media pluralism January 13, 2021 Find out more Help by sharing this information New wave of censorship targeting critical media outlets Two journalists murdered just days apart in Venezuela Coronavirus “information heroes” – journalism that saves lives VenezuelaAmericas News August 25, 2020 Find out morelast_img read more

Alabama governor signs chemical castration for child sex offenders law

first_imgtraveler1116/iStock(MONTGOMERY, Ala.) — Alabama Gov. Kay Ivey on Monday signed into law a controversial bill that requires chemical castration for convicted child sex offenders before they are released from prison. The bill, HB 379, requires convicted offenders who abused a child under the age of 13 to take drugs — such as medroxyprogesterone acetate treatment, that block the production of testosterone as well as other naturally occurring hormones and chemicals in the body that drive libido — as a condition for parole. Offenders will also be required to pay for the treatment unless they cannot afford it. Alabama is not the only state to require chemical castration for sex offenders. California passed a chemical castration bill in the 1990s for repeat child sex offenders, and a similar law exists in other states including Florida, Louisiana, Montana and Oregon.Michigan used to have a law mandating chemical castration as a parole condition, but an appeals court in 1984 ruled it unlawful. Texas, meanwhile, has a law that stipulates an orchiectomy cannot be a condition for parole, and the inmate must request the procedure for it to be performed.Under the Alabama law, chemical castration treatment is planned to start a month before an inmate is set to be released from prison, and will continue until the court decides it is no longer necessary, according to the bill. Once released, if the parolee decides to stop receiving the treatment, they will be found in violation of their parole and immediately sent back to prison. Some studies have found that chemical castration of sexual offenders is effective in reducing recidivism in certain cases.Critics of mandated chemical castration, such as the American Civil Liberties Union (ACLU), say it is a violation of the Eighth Amendment’s ban of “cruel and unusual punishment”. In 1997, the ACLU openly opposed the passing both California and Florida’s castration laws.Copyright © 2019, ABC Radio. All rights reserved.last_img read more

Missing person case leads authorities to thwart potential ‘mass casualty incident’

first_imgFrederick County Sheriff’s OfficeBy LUKE BARR, ABC News(FREDERICK COUNTY, Md.) — A Maryland teenager is facing murder and gun charges after being connected to a missing person case by authorities in Frederick County.Joshua Eckenrode, a 19 year old from Fredrick County, Maryland, was charged with murder after Curtis Smith went missing earlier this month. Smith, also 19, had told relatives he was driving to West Virginia and court documents obtained by ABC News indicated that he was going to meet the suspect to buy, sell or trade a firearm.Upon searching Eckenrode’s house after detaining him, the court records say that detectives found a cache of weapons at Eckenrode’s house and “evidence was consistent with Eckenrode possibly intending on committing a mass shooting and/or mass casualty event.”Authorities reportedly found a “large amount of firearms, including handguns, shotguns and semi-automatic rifles.” During the search, detectives located possible bomb-making materials, including fuses, the broken off tips of matches, gunpowder and Tannerite. There were also two explosive devices located along with a note addressed to Eckenrode’s family apologizing for “having to go out this way.”“There was also a plan of action written detailing guns strategically stored in different stages at unknown locations,” the court documents said.Additionally, detectives found a tactical vest, gun holsters and flares.“A small box of fireworks were located, with some firecrackers, taped together in a group. A shotgun was also located in the bedroom identified as that of Joshua Eckenrode. Several spent shell casings of multiple caliber were found in the yard in several locations,” according to the court records.The Fredrick County Sheriff’s Office lauded the quick work of its detectives.“Our detectives and deputies, along with officers from the Frederick Police Department, have been working around the clock to solve this murder,” said Lt. Andy Crone, FCSO criminal investigations commander. “These professionals worked every lead, tip and call they received and through their investigative efforts this person was quickly identified and detained.”Evidence recovered from a trash can at Eckenrode’s house included a sweatshirt and blood-stained towels consistent with Smith’s blood, court documents said.Authorities said that Smith was killed at Eckenrode’s residence, placed into his own car and left at an abandoned property.After disposing of the body, according to court records, Eckenrode received a ride home from a friend and, upon arrival, “he began cleaning and disposing of blood evidence.”An attorney for Eckenrode was not immediately listed.Copyright © 2021, ABC Audio. All rights reserved.last_img read more

TC Energy to acquire Pioneer Pipeline for $255m

first_imgNGTL will integrate the 131km operating pipeline of Pioneer Pipeline into its natural gas pipeline infrastructure in Alberta TC Energy agrees to acquire Pioneer Pipeline. (Credit: Pixabay/David Mark) TC Energy, through its wholly owned subsidiary NOVA Gas Transmission (NGTL), has signed a letter of intent with Tidewater Midstream and Infrastructure and TransAlta to purchase the Pioneer Pipeline for $255m.Located within Alberta, the pipeline runs from west of Drayton Valley to west of Edmonton.The transaction is supported by firm delivery contracts for 328 million cubic feet per day (mmcf/d) for 15 years and a firm receipt contract for 47mmcf/d for eight years, said the company.TC Energy president and chief executive officer Dawn Farrell said: “Tidewater has been an exceptional partner that was able to build the Pioneer Pipeline well ahead of schedule, allowing us to significantly reduce our carbon emissions and costs.“Going forward, we are excited to work with TC Energy to meet our transportation requirements as we continue to execute our clean energy strategy, which will support our goals as a leader in clean electricity generation.”The acquisition of Pioneer Pipeline requires approval of the Canadian Energy RegulatorThrough the transaction, NGTL will integrate the 131km operating pipeline of Pioneer Pipeline into its natural gas pipeline infrastructure in Alberta.The pipeline sale is expected to TransAlta to gain access to NGTL’s highly liquid natural gas network and gas trading hub. It will also provide the company access to a broad and diversified group of gas producers and resource basins.In addition, TransAlta is expected to hold additional reliability and flexibility with two pipelines delivering natural gas its power stations.The transaction is expected to be completed, subject to signing of definitive agreements, and customary regulatory approvals, including approval of the Canadian Energy Regulator, in the second quarter of 2020.Canadian Natural Gas Pipelines executive vice-president and president Tracy Robinson said: “This acquisition presents a unique opportunity to connect Western Canadian Sedimentary Basin (WCSB) supply to Alberta power generation demand, which supports coal-to-gas conversion and lowers carbon emissions.“Utilizing the existing Pioneer Pipeline maximizes the use of existing infrastructure and provides the most efficient solution to deliver gas to this growing demand.”last_img read more

Brum, brum! Fine & Country revs up branch expansion with new Birmingham branch

first_imgFine & Country has opened a new office in Birmingham’s prestigious shopping location, The Mailbox. The office joins the network of estate agents in over 300 locations worldwide, representing the brand’s expansion in the West Midlands.Not that long ago Birmingham would not have been a likely branch opening location for an upmarket brand like Fine & Country, but the city’s retail and economic revival over the past decade and particularly strong over the past 18 months.This has included a £750 million redevelopment of its main train station and central shopping area and later this year the much-anticipated start if work on the government’s £42.6 billion high-speed train line between Birmingham and London.The new Fine & Country office is headed by Sean Newman (pictured, right in the centre) who has 30 years in the property sector. He says: “The Mailbox is one of Birmingham’s most iconic destinations. Fine & Country will fit in perfectly alongside prestigious neighbours including Armani, Harvey Nichols and Hugo Boss, as well as a huge range of restaurant and entertainment options. Our high-end properties cater perfectly to those who shop at the Mailbox.“The new showroom will promote Birmingham and appeal to buyers from around the world. Last year, 6,000 people moved from London to Birmingham, with our head office on Park Lane, London, we are well positioned to attract wealthy London and international buyers to view our high-end homes in Birmingham and the wider region.”The Mailbox Fine & Counry Fine & Country Birmingham Fine & Country Birmingham office February 10, 2017The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Agencies & People » Brum, brum! Fine & Country revs up branch expansion with new Birmingham branch previous nextAgencies & PeopleBrum, brum! Fine & Country revs up branch expansion with new Birmingham branchOpening marks city’s rise as a favoured investment and lifestyle choice for house huntersThe Negotiator10th February 20170700 Viewslast_img read more

BMV: No coins due to shortage, pay with cards

first_img Facebook BMV: No coins due to shortage, pay with cards Google+ Pinterest Previous articleKKK materials litter yards in St. Joseph CountyNext articleAldi to require face masks beginning next week Network Indiana Twitter Google+ By Network Indiana – July 21, 2020 1 286 IndianaLocalNews Facebook Twitter WhatsApp (Photo supplied/Indiana News Service) The national coin shortage is impacting the Indiana Bureau of Motor Vehicles.The BMV is asking customers to pay with a check or credit card when possible to complete transactions. Customers should use cash only when able to pay with exact change.“The United States Federal Reserve is experiencing a coin shortage that is currently impacting all Financial Institutions within the U.S. As a result, the BMV is unable to access additional coin inventory to replenish its supplies. … At this time, branches are displaying signs identifying the situation and asking customers to use alternate forms of payment,” the BMV said Monday.The Federal Reserve has not said when the coin shortage will be resolved. They have stated they expect coin inventories to return to previous levels once the coin supply chain returns to normal circulation patterns. WhatsApp Pinterestlast_img read more

Waitrose unveils recyclable sandwich wrappers

first_imgIn a first for UK supermarkets, triangular sandwich wrappers in Waitrose will soon be easier to recycle.Waitrose claims to be the first supermarket to launch the more easily recyclable sandwich wrapper and said all its own-label packaging will be widely recyclable, reusable or home compostable by 2025.Waitrose has worked with packaging manufacturer RAP, and sandwich producers Melton Foods and Greencore on the new sandwich wrappers.The supermarket said the move was being achieved by making the cardboard sandwich packaging easy to separate from the plastic film, which isn’t recyclable.While the cardboard element of sandwich packaging can easily be recycled, Waitrose found customers and processors were having difficulty separating the cardboard from the see-through film part of the pack.It said in a statement that making the film easily removable from the cardboard – via a peelable tab – would mean there was no reason why the cardboard could not be recycled.Waitrose is confident that the change, due to be introduced in August, will see more packaging from Britain’s favourite lunchtime snack recycled.And even if customers throw the whole pack away, processors should now be able to separate the paper element from the film.Karen Graley, Waitrose packaging manager, said: “The change to our sandwich packaging may seem like a small one, but it’s likely to make a big impact on the amount of packaging recycled.“We continue to work on a solution to the pack’s plastic film in the hope that, in the future, none of the sandwich pack will go to landfill.“Our ambition for 100% of our own-label packaging being widely recyclable, reusable or home compostable by 2025 is set to make a tangible difference to the environment.”last_img read more